Endeavor Group (NYSE:EDR) Hits New 12-Month High at $28.64

Endeavor Group Holdings, Inc. (NYSE:EDR) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.64 and last traded at $28.60, with a volume of 446964 shares trading hands. The stock had previously closed at $28.56.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Endeavor Group in a research note on Saturday. They issued a “hold” rating for the company. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.86.

Endeavor Group Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $19.75 billion, a P/E ratio of 51.93 and a beta of 0.77. The company’s 50-day moving average price is $27.56 and its 200-day moving average price is $26.92.

Endeavor Group (NYSE:EDR) last released its quarterly earnings data 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 company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. As a group, sell-side analysts predict that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.84%. Endeavor Group’s dividend payout ratio is 43.64%.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at approximately $51,458,040.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $27.28, for a total transaction 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 approximately $3,551,501.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,928 shares of company stock worth $5,542,191. 63.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Endeavor Group

Hedge funds have recently bought and sold shares of the company. Bank of Nova Scotia bought a new position in shares of Endeavor Group during the fourth quarter valued at approximately $380,000. Gabelli Funds LLC bought a new position in Endeavor Group in the 4th quarter worth approximately $758,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Endeavor Group during the fourth quarter valued at approximately $695,000. Owl Creek Asset Management L.P. purchased a new stake in Endeavor Group during the fourth quarter valued at approximately $22,419,000. Finally, Caxton Associates LP purchased a new position in shares of Endeavor Group during the 4th quarter worth about $2,373,000. Hedge funds and other institutional investors 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.