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

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have received a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $27.86.

A number of analysts recently commented on EDR shares. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. StockNews.com cut Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th.

Endeavor Group Trading Down 10.7 %

Endeavor Group stock opened at $29.10 on Thursday. The stock has a market cap of $19.91 billion, a PE ratio of -14.20 and a beta of 0.74. The stock has a 50-day moving average price of $31.35 and a 200 day moving average price of $29.81. Endeavor Group has a 52 week low of $24.21 and a 52 week high of $35.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, February 28th. Endeavor Group’s dividend payout ratio (DPR) is -9.02%.

Insider Buying and Selling at Endeavor Group

In other news, CFO Jason Lublin sold 50,000 shares of Endeavor Group stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $29.98, for a total value of $1,499,000.00. Following the transaction, the chief financial officer now directly owns 219,613 shares of the company’s stock, valued at $6,583,997.74. The trade was a 18.55 % decrease in their position. The transaction was disclosed in a document filed 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 dated Monday, January 6th. The shares were 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 $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. In the last 90 days, insiders acquired 1,535,485 shares of company stock worth $239,160,243 and sold 146,905 shares worth $4,418,864. 63.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Endeavor Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC lifted its stake in shares of Endeavor Group by 2.0% in the 4th quarter. Guggenheim Capital LLC now owns 15,276 shares of the company’s stock valued at $478,000 after purchasing an additional 304 shares in the last quarter. Fifth Lane Capital LP lifted its stake in shares of Endeavor Group by 0.3% in the 4th quarter. Fifth Lane Capital LP now owns 110,364 shares of the company’s stock valued at $3,453,000 after purchasing an additional 364 shares in the last quarter. Tidal Investments LLC lifted its position in Endeavor Group by 5.1% during the 4th quarter. Tidal Investments LLC now owns 8,930 shares of the company’s stock worth $279,000 after acquiring an additional 432 shares in the last quarter. CIBC Asset Management Inc lifted its position in Endeavor Group by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock worth $285,000 after acquiring an additional 447 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Endeavor Group by 5.3% during the 4th quarter. Invesco Ltd. now owns 10,044 shares of the company’s stock worth $314,000 after acquiring an additional 505 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

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.