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

Investment analysts at StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

EDR has been the subject of a number of other reports. Evercore ISI reaffirmed an “in-line” rating and set a $27.50 price objective (down from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Seaport Res Ptn lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $27.50 price objective (down from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. Citigroup cut shares of Endeavor Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $29.00 to $27.50 in a research note on Monday, April 15th. Finally, Guggenheim reiterated a “neutral” rating and issued a $27.50 price target (down previously from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Endeavor Group presently has a consensus rating of “Hold” and an average target price of $29.30.

Endeavor Group Trading Up 0.0 %

Shares of Endeavor Group stock opened at $26.47 on Tuesday. Endeavor Group has a 1 year low of $17.65 and a 1 year high of $26.63. The company has a market cap of $18.33 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 1.93 and a beta of 0.79. The company’s fifty day simple moving average is $25.69 and its 200-day simple moving average is $24.50. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.55 billion. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. As a group, sell-side analysts expect that Endeavor Group will post 1.27 EPS for the current year.

Insider Activity

In related news, CAO William K. Fullerton sold 6,750 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $26.51, for a total transaction of $178,942.50. Following the completion of the transaction, the chief accounting officer now directly owns 46,600 shares in the company, valued at approximately $1,235,366. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average cost of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the purchase, the insider now owns 1,642,970 shares of the company’s stock, valued at approximately $146,240,759.70. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO William K. Fullerton sold 6,750 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $26.51, for a total value of $178,942.50. Following the sale, the chief accounting officer now owns 46,600 shares in the company, valued at $1,235,366. The disclosure for this sale can be found here. In the last three months, insiders have sold 183,383 shares of company stock worth $4,496,219. Corporate insiders own 82.08% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EDR. Vanguard Group Inc. increased its holdings in Endeavor Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock worth $291,559,000 after purchasing an additional 254,550 shares in the last quarter. Morgan Stanley grew its position in shares of Endeavor Group by 3.8% during the 3rd quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock valued at $244,340,000 after purchasing an additional 454,790 shares in the last quarter. FMR LLC lifted its position in Endeavor Group by 3.7% during the third quarter. FMR LLC now owns 5,145,883 shares of the company’s stock valued at $102,403,000 after purchasing an additional 184,212 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Endeavor Group by 5.3% during the 4th 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 in the last quarter. Finally, Dendur Capital LP lifted its stake in shares of Endeavor Group by 6.6% in the 3rd quarter. Dendur Capital LP now owns 3,612,000 shares of the company’s stock valued at $71,879,000 after acquiring an additional 225,000 shares during the last quarter. Institutional investors own 71.37% 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.