Endeavor Group Holdings, Inc. (NYSE:EDR) Receives Average Recommendation of “Hold” from Analysts

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have received an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $27.86.

Separately, StockNews.com downgraded Endeavor Group from a “hold” rating to a “sell” rating in a research note on Saturday.

Endeavor Group Price Performance

Endeavor Group stock opened at $30.62 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. Endeavor Group has a 52 week low of $22.77 and a 52 week high of $31.49. The stock has a market capitalization of $20.95 billion, a P/E ratio of -14.94 and a beta of 0.74. The stock has a fifty day moving average of $30.22 and a 200-day moving average of $28.67.

Endeavor Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.06 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell purchased 60,208 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the purchase, the insider now owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO William K. Fullerton sold 6,875 shares of Endeavor Group stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the transaction, the chief accounting officer now directly owns 53,255 shares in the company, valued at approximately $1,659,958.35. This represents a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 63.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EDR. FMR LLC increased its position in shares of Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after buying an additional 2,248 shares during the period. Everence Capital Management Inc. acquired a new stake in Endeavor Group during the 4th quarter worth about $233,000. CIBC Asset Management Inc bought a new position in shares of Endeavor Group in the 2nd quarter worth about $226,000. Tidal Investments LLC boosted its position in shares of Endeavor Group by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after purchasing an additional 620 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Endeavor Group during the second quarter worth approximately $255,000. Institutional investors own 74.99% 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.