StockNews.com Initiates Coverage on Endeavor Group (NYSE:EDR)

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a research report report published on Wednesday. The firm issued a sell rating on the stock.

Separately, Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.50.

Endeavor Group Trading Up 4.2 %

Endeavor Group stock opened at $30.05 on Wednesday. Endeavor Group has a 12-month low of $25.86 and a 12-month high of $35.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. The firm has a 50 day simple moving average of $30.67 and a 200-day simple moving average of $30.07.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. Endeavor Group’s dividend payout ratio (DPR) is presently -9.02%.

Insider Activity

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 108,476 shares of Endeavor Group stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of $144.13 per share, with a total value of $15,634,645.88. Following the purchase, the insider now owns 915,852 shares in the company, valued at approximately $132,001,748.76. The trade was a 13.44 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the completion of the sale, the chief accounting officer now directly owns 53,255 shares of the company’s stock, valued at $1,659,958.35. This trade represents a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,212,077 shares of company stock valued at $191,824,043 and sold 21,185,617 shares valued at $582,983,444. 63.90% of the stock is currently owned by company insiders.

Institutional Trading of Endeavor Group

A number of institutional investors have recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new stake in shares of Endeavor Group during the 4th quarter valued at about $51,000. Blue Trust Inc. grew its position in Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after acquiring an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Endeavor Group during the 4th quarter worth $96,000. BNP Paribas Financial Markets bought a new position in shares of Endeavor Group during the 4th quarter valued at $120,000. Finally, FMR LLC lifted its stake in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares during the last quarter. Institutional investors and hedge funds 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.