Endeavor Group (NYSE:EDR) Hits New 1-Year High at $27.66

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $27.66 and last traded at $27.64, with a volume of 3184759 shares changing hands. The stock had previously closed at $27.64.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Endeavor Group in a report on Friday. They set a “hold” rating for the company. Nine 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 presently has an average rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Trading Up 1.3 %

The company has a market capitalization of $19.46 billion, a price-to-earnings ratio of 50.91 and a beta of 0.77. 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 company has a 50-day moving average price of $27.43 and a 200-day moving average price of $26.71.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings results 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). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. Research analysts predict that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal 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 $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Monday, September 16th. Endeavor Group’s dividend payout ratio is currently 43.64%.

Insider Activity

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the company’s 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 sale, the chief financial officer now owns 130,187 shares in the company, valued at $3,551,501.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 63.90% of the stock is owned by insiders.

Institutional Trading of Endeavor Group

Hedge funds have recently modified their holdings of the stock. Quest Partners LLC bought a new stake in Endeavor Group in the 4th quarter valued at about $177,000. Bank of Nova Scotia bought a new position in Endeavor Group during the 4th quarter worth $380,000. DLD Asset Management LP bought a new position in shares of Endeavor Group in the 4th quarter valued at $522,000. Kodai Capital Management LP acquired a new position in shares of Endeavor Group during the 4th quarter worth $24,037,000. Finally, Gabelli Funds LLC acquired a new stake in Endeavor Group in the fourth quarter valued at about $758,000. Institutional investors and hedge funds own 71.37% of the company’s stock.

About Endeavor Group

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.