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

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $27.86.

Separately, StockNews.com initiated coverage on Endeavor Group in a research report on Friday. They set a “hold” rating on the stock.

Insider Transactions at Endeavor Group

In other news, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction on 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 owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. This trade represents a 7.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 225,272 shares of company stock valued at $6,372,925 in the last 90 days. Insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Several institutional investors have recently added to or reduced their stakes in EDR. Geode Capital Management LLC boosted its stake 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 worth $59,367,000 after purchasing an additional 79,212 shares in the last quarter. Barclays PLC raised its stake in Endeavor Group by 5,247.7% in the 3rd quarter. Barclays PLC now owns 318,188 shares of the company’s stock worth $9,087,000 after acquiring an additional 312,238 shares during the last quarter. XTX Topco Ltd lifted its position in Endeavor Group by 142.3% during the 3rd quarter. XTX Topco Ltd now owns 90,867 shares of the company’s stock worth $2,595,000 after acquiring an additional 53,370 shares during the period. Whitefort Capital Management LP purchased a new stake in Endeavor Group during the 3rd quarter valued at about $28,560,000. Finally, Polar Asset Management Partners Inc. increased its holdings in shares of Endeavor Group by 300.0% in the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after purchasing an additional 1,500,000 shares during the period. Institutional investors and hedge funds own 71.37% of the company’s stock.

Endeavor Group Stock Up 0.4 %

Shares of NYSE:EDR opened at $29.10 on Tuesday. The business’s 50 day moving average is $28.75 and its 200 day moving average is $27.67. The stock has a market cap of $19.91 billion, a P/E ratio of -14.20 and a beta of 0.77. Endeavor Group has a 52-week low of $22.64 and a 52-week high of $29.67. The company has a quick ratio of 0.62, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Monday, September 16th. Endeavor Group’s payout ratio is -11.71%.

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.