Endeavor Group (NYSE:EDR) Hits New 52-Week High – Should You Buy?

Endeavor Group Holdings, Inc. (NYSE:EDR) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $29.84 and last traded at $29.78, with a volume of 823754 shares changing hands. The stock had previously closed at $29.55.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Endeavor Group in a research report on Saturday. They issued a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to 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 company has a fifty day moving average of $28.90 and a 200-day moving average of $27.75. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a market cap of $20.37 billion, a PE ratio of -14.53 and a beta of 0.77.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Insider Activity

In other news, CEO Ariel Emanuel sold 149,280 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. This trade represents a 7.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 225,272 shares of company stock valued at $6,372,925. 63.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

Several large investors have recently bought and sold shares of the stock. Sei Investments Co. acquired a new position in shares of Endeavor Group during the first quarter worth about $644,000. LMR Partners LLP grew its holdings in Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after acquiring an additional 1,290,867 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Endeavor Group by 125.0% in the 1st quarter. Gabelli Funds LLC now owns 71,899 shares of the company’s stock valued at $1,850,000 after purchasing an additional 39,950 shares during the last quarter. Davide Leone & Partners Investment Co Ltd. raised its holdings in shares of Endeavor Group by 81.0% in the 2nd quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock valued at $22,947,000 after purchasing an additional 380,000 shares in the last quarter. Finally, Moran Wealth Management LLC purchased a new stake in shares of Endeavor Group during the 3rd quarter worth $2,870,000. Hedge funds and other 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.