Endeavor Group (NYSE:EDR) Now Covered by Analysts at StockNews.com

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

Endeavor Group Price Performance

NYSE:EDR traded up $0.37 on Friday, reaching $28.08. 5,358,029 shares of the company's stock traded hands, compared to its average volume of 3,733,221. Endeavor Group has a 12 month low of $17.65 and a 12 month high of $28.10. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a market cap of $19.46 billion, a PE ratio of 50.91 and a beta of 0.77. The stock has a 50-day simple moving average of $27.43 and a 200-day simple moving average of $26.71.

Endeavor Group (NYSE:EDR - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.06). Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. Equities research analysts forecast that Endeavor Group will post 1.4 earnings per share for the current year.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.85%. Endeavor Group's payout ratio is presently 43.64%.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the sale, the chief financial officer now owns 130,187 shares of the company's stock, valued at $3,551,501.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 63.90% of the company's stock.

Hedge Funds Weigh In On Endeavor Group

Several large investors have recently bought and sold shares of the business. Longfellow Investment Management Co. LLC acquired a new stake in shares of Endeavor Group in the second quarter valued at approximately $75,000. PNC Financial Services Group Inc. raised its holdings in Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company's stock valued at $76,000 after acquiring an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Endeavor Group during the 1st quarter worth approximately $102,000. SG Americas Securities LLC bought a new stake in shares of Endeavor Group during the 2nd quarter valued at about $130,000. Finally, Quest Partners LLC acquired a new stake in shares of Endeavor Group in the 4th quarter worth about $177,000. Hedge funds and other 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.