Endeavor Group Holdings, Inc. (NYSE:EDR) Receives $27.86 Consensus Target Price from Analysts

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have received an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $27.86.

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a report on Friday, November 15th. They set a “hold” rating for the company.

Endeavor Group Price Performance

EDR stock opened at $29.52 on Tuesday. The stock has a market cap of $20.19 billion, a price-to-earnings ratio of -14.40 and a beta of 0.77. 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 company has a 50 day simple moving average of $28.86 and a 200 day simple moving average of $27.72. Endeavor Group has a 1 year low of $22.64 and a 1 year high of $29.67.

Endeavor Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.06 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.81%. Endeavor Group’s dividend payout ratio is -11.71%.

Insider Buying and Selling

In other news, CEO Ariel Emanuel sold 27,816 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $28.01, for a total value of $779,126.16. Following the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. The trade was a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 225,272 shares of company stock valued at $6,372,925 in the last three months. Insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds have recently bought and sold shares of the company. Pentwater Capital Management LP grew its holdings in Endeavor Group by 457.0% during the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after acquiring an additional 10,830,000 shares during the period. Davidson Kempner Capital Management LP bought a new stake in Endeavor Group in the second quarter worth approximately $205,038,000. Athos Capital Ltd lifted its stake in 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 buying an additional 4,447,000 shares during the period. Glazer Capital LLC bought a new position in shares of Endeavor Group during the 2nd quarter worth approximately $49,017,000. Finally, Polar Asset Management Partners Inc. grew its position in shares of Endeavor Group by 300.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock worth $57,120,000 after buying an additional 1,500,000 shares during the period. 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.