Endeavor Group (NYSE:EDR) Cut to Neutral at Citigroup

Citigroup lowered shares of Endeavor Group (NYSE:EDR) from a buy rating to a neutral rating in a report published on Monday, MarketBeat Ratings reports. The brokerage currently has $27.50 price objective on the stock, down from their prior price objective of $29.00.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. reissued a neutral rating and issued a $27.50 price objective (down from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. Jefferies Financial Group reaffirmed a hold rating and issued a $27.50 target price (down from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Seaport Res Ptn lowered Endeavor Group from a buy rating to a neutral rating in a report on Tuesday, April 2nd. StockNews.com started coverage on Endeavor Group in a report on Saturday, April 13th. They issued a hold rating for the company. Finally, TD Cowen upped their target price on Endeavor Group from $28.00 to $30.00 and gave the company an outperform rating in a report on Monday, March 25th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Endeavor Group currently has an average rating of Hold and an average target price of $29.30.

Endeavor Group Stock Down 0.1 %

EDR stock opened at $26.34 on Monday. The stock’s 50 day simple moving average is $25.04 and its 200 day simple moving average is $23.77. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $26.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $18.24 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. On average, research analysts expect that Endeavor Group will post 1.27 earnings per share for the current fiscal year.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.91%. The ex-dividend date was Thursday, March 14th. Endeavor Group’s dividend payout ratio (DPR) is 23.08%.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CAO Seth D. Krauss sold 17,950 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $432,236.00. Following the completion of the transaction, the chief accounting officer now directly owns 62,055 shares of the company’s stock, valued at $1,494,284.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Endeavor Group news, CAO Seth D. Krauss sold 17,950 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $432,236.00. Following the sale, the chief accounting officer now owns 62,055 shares in the company, valued at $1,494,284.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jason Lublin sold 46,419 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,117,769.52. Following the sale, the chief financial officer now owns 112,457 shares in the company, valued at approximately $2,707,964.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,465 shares of company stock valued at $4,847,868. Company insiders own 82.08% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Several institutional investors have recently made changes to their positions in the stock. Quilter Plc purchased a new stake in shares of Endeavor Group in the first quarter worth $421,032,000. Advisory Services Network LLC raised its position in shares of Endeavor Group by 134.2% in the first quarter. Advisory Services Network LLC now owns 1,150 shares of the company’s stock worth $28,000 after buying an additional 659 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Endeavor Group by 200.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock worth $37,000 after buying an additional 1,027 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Endeavor Group in the fourth quarter worth $52,000. Finally, ADAR1 Capital Management LLC purchased a new stake in shares of Endeavor Group in the fourth quarter worth $59,000. 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.