Endeavor Group (NYSE:EDR) Reaches New 52-Week High at $27.64

Endeavor Group Holdings, Inc. (NYSE:EDR)’s share price hit a new 52-week high on Monday . The stock traded as high as $27.64 and last traded at $27.62, with a volume of 9271915 shares traded. The stock had previously closed at $27.43.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Endeavor Group in a research note on Wednesday, September 4th. They issued a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has given a buy 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 $27.86.

Endeavor Group Price Performance

The stock has a market capitalization of $19.11 billion, a PE ratio of 50.15 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The stock’s 50-day moving average is $27.40 and its 200 day moving average is $26.58.

Endeavor Group (NYSE:EDR) last announced its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.87 billion. As a group, equities analysts expect that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.87%. Endeavor Group’s payout ratio is currently 43.64%.

Insider Activity

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,551,501.36. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in Endeavor Group by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,614,096 shares of the company’s stock valued at $38,302,000 after buying an additional 14,846 shares during the last quarter. AGF Management Ltd. acquired a new stake in shares of Endeavor Group during the 4th quarter worth about $2,718,000. Cowen AND Company LLC acquired a new position in shares of Endeavor Group in the fourth quarter valued at approximately $5,932,000. Clearbridge Investments LLC lifted its stake in shares of Endeavor Group by 5.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,527,575 shares of the company’s stock valued at $107,439,000 after buying an additional 226,724 shares during the period. Finally, Quest Partners LLC acquired a new stake in Endeavor Group during the fourth quarter worth approximately $177,000. 71.37% of the stock is owned by hedge funds and other institutional investors.

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.