Endeavor Group (NYSE:EDR) Sets New 12-Month High at $28.64

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.64 and last traded at $28.60, with a volume of 446964 shares traded. The stock had previously closed at $28.56.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Endeavor Group in a report on Saturday. They issued a "hold" rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Endeavor Group has a consensus rating of "Hold" and a consensus price target of $27.86.

Endeavor Group Trading Down 0.5 %

The company has a market cap of $19.68 billion, a PE ratio of 51.65 and a beta of 0.77. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $27.58 and a 200 day moving average price of $26.94.

Endeavor Group (NYSE:EDR - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.06). The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. Sell-side analysts predict that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Monday, September 16th. Endeavor Group's payout ratio is presently 43.64%.

Insider Activity

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,458,040.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,458,040.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the transaction, the chief financial officer now owns 130,187 shares of the company's stock, valued at approximately $3,551,501.36. The disclosure for this sale can be found here. Insiders sold a total of 197,928 shares of company stock worth $5,542,191 in the last quarter. 63.90% of the stock is owned by company insiders.

Institutional Trading of Endeavor Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its holdings in shares of Endeavor Group by 14.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company's stock worth $76,000 after purchasing an additional 399 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Endeavor Group by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company's stock worth $1,364,000 after purchasing an additional 898 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Endeavor Group by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company's stock worth $1,245,000 after purchasing an additional 1,346 shares in the last quarter. Comerica Bank increased its holdings in shares of Endeavor Group by 11.7% in the 1st quarter. Comerica Bank now owns 17,529 shares of the company's stock worth $451,000 after purchasing an additional 1,832 shares in the last quarter. Finally, Mirador Capital Partners LP increased its holdings in shares of Endeavor Group by 9.6% in the 1st quarter. Mirador Capital Partners LP now owns 22,125 shares of the company's stock worth $569,000 after purchasing an additional 1,941 shares in the last quarter. Institutional investors 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.