Endeavor Group (NYSE:EDR) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR - Free Report) in a research note published on Friday morning. The firm issued a hold rating on the stock.

Endeavor Group Price Performance

NYSE EDR traded up $0.12 on Friday, reaching $28.95. The company's stock had a trading volume of 1,760,990 shares, compared to its average volume of 3,485,776. The firm has a market cap of $19.81 billion, a PE ratio of -14.12 and a beta of 0.77. The business has a 50-day moving average price of $28.69 and a 200 day moving average price of $27.62. Endeavor Group has a 52 week low of $22.64 and a 52 week high of $29.67. The company has a current ratio of 0.63, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.83%. Endeavor Group's dividend payout ratio is -11.71%.

Insider Transactions at Endeavor Group

In other news, CEO Ariel Emanuel sold 27,816 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares of the company's stock, valued at $51,293,228.47. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 225,272 shares of company stock worth $6,372,925. Corporate insiders own 63.90% of the company's stock.

Institutional Trading of Endeavor Group

A number of large investors have recently added to or reduced their stakes in EDR. Janus Henderson Group PLC increased its holdings in Endeavor Group by 13.0% in the 3rd quarter. Janus Henderson Group PLC now owns 86,339 shares of the company's stock valued at $2,466,000 after buying an additional 9,928 shares during the period. ClearAlpha Technologies LP boosted its position in Endeavor Group by 36.1% during the 3rd quarter. ClearAlpha Technologies LP now owns 406,515 shares of the company's stock worth $11,610,000 after buying an additional 107,758 shares during the period. Ascent Group LLC acquired a new stake in Endeavor Group during the 3rd quarter worth approximately $2,103,000. Athos Capital Ltd boosted its position in Endeavor Group by 135.9% during the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company's stock worth $220,460,000 after buying an additional 4,447,000 shares during the period. Finally, Walleye Capital LLC lifted its position in shares of Endeavor Group by 24.0% in the 3rd quarter. Walleye Capital LLC now owns 80,578 shares of the company's stock worth $2,301,000 after purchasing an additional 15,578 shares during the period. Institutional investors and hedge funds own 71.37% of the company's stock.

Endeavor Group Company Profile

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.