Endeavor Group (NYSE:EDR) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a research note released on Wednesday. The brokerage issued a sell rating on the stock.

Separately, Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.50.

Endeavor Group Price Performance

Shares of NYSE EDR opened at $30.05 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. Endeavor Group has a 1-year low of $25.86 and a 1-year high of $35.99. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of -14.66 and a beta of 0.72. The business has a 50-day moving average of $30.67 and a 200-day moving average of $30.07.

Endeavor Group Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Canada Pension Plan Investment sold 21,038,712 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $27.50, for a total transaction of $578,564,580.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $214,293.75. Following the sale, the chief accounting officer now owns 53,255 shares in the company, valued at $1,659,958.35. The trade was 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 have acquired 1,212,077 shares of company stock valued at $191,824,043 and have sold 21,185,617 shares valued at $582,983,444. 63.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Endeavor Group

Large investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC grew its position in shares of Endeavor Group by 2.0% during the fourth quarter. Guggenheim Capital LLC now owns 15,276 shares of the company’s stock worth $478,000 after acquiring an additional 304 shares during the last quarter. Fifth Lane Capital LP grew its position in Endeavor Group by 0.3% in the 4th quarter. Fifth Lane Capital LP now owns 110,364 shares of the company’s stock worth $3,453,000 after purchasing an additional 364 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Endeavor Group by 5.1% in the fourth quarter. Tidal Investments LLC now owns 8,930 shares of the company’s stock valued at $279,000 after purchasing an additional 432 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Endeavor Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock valued at $285,000 after buying an additional 447 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Endeavor Group by 5.3% during the fourth quarter. Invesco Ltd. now owns 10,044 shares of the company’s stock worth $314,000 after buying an additional 505 shares during the period. 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.