Endeavor Group (NYSE:EDR) Sees Large Volume Increase

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 1,794,257 shares changed hands during mid-day trading, a decline of 51% from the previous session's volume of 3,676,517 shares.The stock last traded at $27.46 and had previously closed at $27.48.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EDR. StockNews.com assumed coverage on Endeavor Group in a research note on Wednesday. They set a "hold" rating on the stock. Piper Sandler cut shares of Endeavor Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 13th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.86.

Endeavor Group Stock Down 0.3 %

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 stock has a market capitalization of $18.98 billion, a PE ratio of 49.80 and a beta of 0.78. The firm's fifty day moving average is $27.36 and its 200-day moving average is $26.46.

Endeavor Group (NYSE:EDR - Get Free Report) last posted 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 negative net margin of 6.23% and a positive return on equity of 4.45%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. On average, equities research analysts predict that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current year.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.06 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.88%. Endeavor Group's dividend payout ratio is presently 43.64%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Endeavor Group

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in shares of Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company's stock valued at $76,000 after buying an additional 399 shares during the period. Arizona State Retirement System boosted its holdings in shares of Endeavor Group by 1.8% during the second 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 during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Endeavor Group by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company's stock valued at $1,245,000 after purchasing an additional 1,346 shares during the period. Comerica Bank increased its stake in Endeavor Group by 11.7% in the first quarter. Comerica Bank now owns 17,529 shares of the company's stock valued at $451,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Mirador Capital Partners LP lifted its position in Endeavor Group by 9.6% during the first quarter. Mirador Capital Partners LP now owns 22,125 shares of the company's stock worth $569,000 after buying an additional 1,941 shares during the period. 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.