StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR - Free Report) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the stock.
Endeavor Group Stock Up 0.4 %
Endeavor Group stock traded up $0.13 during mid-day trading on Wednesday, hitting $29.39. The company had a trading volume of 1,065,164 shares, compared to its average volume of 3,618,173. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Endeavor Group has a 1 year low of $22.59 and a 1 year high of $29.54. The business has a fifty day moving average of $28.30 and a 200 day moving average of $27.41. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of -20.32 and a beta of 0.78.
Endeavor Group (NYSE:EDR - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.40 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 company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.87 billion. On average, sell-side analysts expect that Endeavor Group will post 1.4 earnings per share for the current fiscal year.
Endeavor Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, September 16th. Endeavor Group's payout ratio is currently -16.67%.
Insider Activity
In other news, CEO Ariel Emanuel sold 27,816 shares of the stock in a transaction dated 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 in the company, valued at approximately $51,293,228.47. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 225,272 shares of company stock valued at $6,372,925 in the last ninety days. 63.90% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Endeavor Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Swiss National Bank increased its stake in shares of Endeavor Group by 8.1% during the first quarter. Swiss National Bank now owns 356,000 shares of the company's stock worth $9,160,000 after acquiring an additional 26,800 shares during the period. Sei Investments Co. acquired a new stake in shares of Endeavor Group in the 1st quarter valued at approximately $644,000. Gabelli Funds LLC boosted its stake in shares of Endeavor Group by 125.0% in the first quarter. Gabelli Funds LLC now owns 71,899 shares of the company's stock valued at $1,850,000 after buying an additional 39,950 shares in the last quarter. Davide Leone & Partners Investment Co Ltd. grew its holdings in Endeavor Group by 81.0% during the second quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company's stock worth $22,947,000 after acquiring an additional 380,000 shares during the period. Finally, JBF Capital Inc. purchased a new position in Endeavor Group in the second quarter worth $622,000. 71.37% of the stock is currently owned by hedge funds and other institutional investors.
About Endeavor Group
(
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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.
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