Endeavor Group (NYSE:EDR) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research report released on Friday. The brokerage issued a hold rating on the stock.

Endeavor Group Trading Up 0.5 %

Endeavor Group stock traded up $0.15 during trading hours on Friday, hitting $28.98. The stock had a trading volume of 3,005,882 shares, compared to its average volume of 3,491,383. The business’s 50 day simple moving average is $28.72 and its 200-day simple moving average is $27.64. Endeavor Group has a one year low of $22.64 and a one year high of $29.67. The stock has a market cap of $19.83 billion, a price-to-earnings ratio of -14.14 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Monday, September 16th. Endeavor Group’s payout ratio is -11.71%.

Insider Buying and Selling at Endeavor Group

In related news, CEO Ariel Emanuel sold 27,816 shares of Endeavor Group stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,293,228.47. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank increased its position in shares of Endeavor Group by 8.1% during the first quarter. Swiss National Bank now owns 356,000 shares of the company’s stock worth $9,160,000 after buying an additional 26,800 shares during the period. Sei Investments Co. bought a new position in shares of Endeavor Group in the 1st quarter worth about $644,000. Russell Investments Group Ltd. lifted its stake in shares of Endeavor Group by 2.3% in the 1st quarter. Russell Investments Group Ltd. now owns 264,532 shares of the company’s stock valued at $6,806,000 after purchasing an additional 5,933 shares during the period. Vanguard Group Inc. boosted its position in shares of Endeavor Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 13,683,577 shares of the company’s stock valued at $352,078,000 after purchasing an additional 219,384 shares in the last quarter. Finally, Covestor Ltd grew its stake in Endeavor Group by 3,665.7% during the first quarter. Covestor Ltd now owns 75,540 shares of the company’s stock worth $1,944,000 after purchasing an additional 73,534 shares during the period. Institutional investors own 71.37% of the company’s stock.

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.