Endeavor Group Holdings, Inc. (NYSE:EDR) Given Consensus Rating of “Hold” by Brokerages

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have earned an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $27.86.

Separately, StockNews.com began coverage on Endeavor Group in a research note on Monday, December 9th. They set a “sell” rating on the stock.

Endeavor Group Stock Performance

NYSE:EDR opened at $30.75 on Friday. Endeavor Group has a twelve month low of $22.75 and a twelve month high of $30.83. The firm has a market capitalization of $21.04 billion, a price-to-earnings ratio of -15.00 and a beta of 0.76. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm’s fifty day simple moving average is $29.56 and its 200 day simple moving average is $28.13.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, December 16th. Endeavor Group’s payout ratio is currently -11.71%.

Insider Activity

In other Endeavor Group news, major shareholder Patrick Whitesell purchased 60,208 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the acquisition, the insider now owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ariel Emanuel sold 27,816 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $28.01, for a total transaction of $779,126.16. Following the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors have recently made changes to their positions in the stock. Pentwater Capital Management LP grew its stake in Endeavor Group by 457.0% during the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after buying an additional 10,830,000 shares during the last quarter. Athos Capital Ltd grew its position in shares of Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after acquiring an additional 4,447,000 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of Endeavor Group in the 2nd quarter worth about $205,038,000. LMR Partners LLP increased its holdings in shares of Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after acquiring an additional 1,290,867 shares during the period. Finally, Geode Capital Management LLC lifted its position in Endeavor Group by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after purchasing an additional 79,212 shares during the last quarter. 74.99% 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.