Endeavor Group Holdings, Inc. (NYSE:EDR) Given Average 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 currently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $27.86.

Separately, StockNews.com upgraded shares of Endeavor Group from a “sell” rating to a “hold” rating in a report on Monday, January 13th.

Insider Buying and Selling at Endeavor Group

In related news, major shareholder Patrick Whitesell bought 263,200 shares of the company’s stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the acquisition, the insider now owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO William K. Fullerton sold 2,225 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total value of $68,040.50. Following the sale, the chief accounting officer now owns 53,124 shares in the company, valued at approximately $1,624,531.92. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 1,042,580 shares of company stock worth $156,040,538. 63.90% of the stock is owned by insiders.

Institutional Trading of Endeavor Group

Large investors have recently modified their holdings of the business. Athos Capital Ltd grew its position in shares of Endeavor Group by 135.9% in the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after purchasing an additional 4,447,000 shares during the period. LMR Partners LLP grew its stake in Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares in the last quarter. Geode Capital Management LLC raised its holdings in Endeavor Group by 4.0% in the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after acquiring an additional 79,212 shares in the last quarter. Polar Asset Management Partners Inc. grew its stake in Endeavor Group by 300.0% in the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock worth $57,120,000 after purchasing an additional 1,500,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Endeavor Group by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,836,023 shares of the company’s stock valued at $57,449,000 after acquiring an additional 57,154 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Trading Up 1.5 %

Shares of Endeavor Group stock opened at $31.32 on Friday. The stock’s 50 day simple moving average is $30.81 and its 200-day simple moving average is $29.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market cap of $21.42 billion, a P/E ratio of -15.28 and a beta of 0.74. Endeavor Group has a 1-year low of $23.14 and a 1-year high of $32.67.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.06 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.77%. Endeavor Group’s dividend payout ratio is presently -11.71%.

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.