Endeavor Group (NYSE:EDR) Sets New 52-Week High at $27.01

Endeavor Group Holdings, Inc. (NYSE:EDR)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $27.01 and last traded at $27.00, with a volume of 411663 shares trading hands. The stock had previously closed at $26.90.

Analysts Set New Price Targets

A number of brokerages have weighed in on EDR. Evercore ISI restated an “in-line” rating and issued a $27.50 target price (down previously from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. TD Cowen raised their target price on shares of Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $27.50 target price (down previously from $30.00) on shares of Endeavor Group in a research report on Friday, April 5th. StockNews.com began coverage on shares of Endeavor Group in a research report on Monday, June 24th. They issued a “hold” rating on the stock. Finally, Seaport Res Ptn lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 2nd. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Endeavor Group currently has a consensus rating of “Hold” and a consensus price target of $28.89.

Endeavor Group Trading Up 0.5 %

The firm has a market cap of $18.73 billion, a price-to-earnings ratio of 49.15 and a beta of 0.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16. The firm’s fifty day moving average is $26.68 and its 200-day moving average is $25.34.

Endeavor Group (NYSE:EDR) last released its earnings results on Thursday, May 9th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.50. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.93 billion. Endeavor Group had a net margin of 3.40% and a return on equity of 2.86%. Equities analysts anticipate that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.89%. The ex-dividend date was Friday, June 14th. Endeavor Group’s dividend payout ratio (DPR) is currently 43.64%.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CAO William K. Fullerton sold 6,750 shares of Endeavor Group stock in a transaction on Monday, May 6th. The shares were sold at an average price of $26.51, for a total value of $178,942.50. Following the completion of the sale, the chief accounting officer now directly owns 46,600 shares of the company’s stock, valued at $1,235,366. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO William K. Fullerton sold 6,750 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $26.51, for a total value of $178,942.50. Following the sale, the chief accounting officer now owns 46,600 shares in the company, valued at approximately $1,235,366. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $26.52, for a total transaction of $552,464.64. Following the completion of the sale, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,452,559.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,246 shares of company stock valued at $1,843,419. Corporate insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale bought a new position in shares of Endeavor Group during the 1st quarter valued at approximately $102,000. Comerica Bank boosted its holdings in 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 buying an additional 1,832 shares during the period. California State Teachers Retirement System boosted its holdings in Endeavor Group by 8.8% in the 1st quarter. California State Teachers Retirement System now owns 162,293 shares of the company’s stock worth $4,176,000 after buying an additional 13,120 shares during the period. Levin Capital Strategies L.P. boosted its holdings in Endeavor Group by 51.3% in the 1st quarter. Levin Capital Strategies L.P. now owns 30,251 shares of the company’s stock worth $778,000 after buying an additional 10,251 shares during the period. Finally, Dynasty Wealth Management LLC bought a new position in Endeavor Group in the 1st quarter worth approximately $338,000. 71.37% of the stock is owned by institutional investors.

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.