Endeavor Group (NYSE:EDR) Downgraded by Citigroup to “Neutral”

Citigroup downgraded shares of Endeavor Group (NYSE:EDR) from a buy rating to a neutral rating in a report released on Monday, Marketbeat Ratings reports. The firm currently has $27.50 target price on the stock.

Other research analysts have also recently issued research reports about the company. UBS Group restated a neutral rating and issued a $27.50 price target (down previously from $31.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. TD Cowen raised their price target on Endeavor Group from $28.00 to $30.00 and gave the company an outperform rating in a research report on Monday, March 25th. Jefferies Financial Group restated a hold rating and issued a $27.50 price target (down previously from $29.00) on shares of Endeavor Group in a research report on Thursday, April 4th. JPMorgan Chase & Co. restated a neutral rating and issued a $27.50 price target (down previously from $30.00) on shares of Endeavor Group in a research report on Friday, April 5th. Finally, StockNews.com assumed coverage on Endeavor Group in a research report on Saturday. They issued a hold rating for the company. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $29.64.

Endeavor Group Trading Down 0.1 %

NYSE:EDR opened at $26.39 on Monday. The stock has a fifty day moving average price of $24.96 and a two-hundred day moving average price of $23.71. The stock has a market capitalization of $18.27 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.92 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. Endeavor Group has a 1 year low of $17.65 and a 1 year high of $26.63.

Endeavor Group (NYSE:EDR) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations 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 anticipate that Endeavor Group will post 1.27 earnings per share for the current fiscal year.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, March 14th. Endeavor Group’s payout ratio is 23.08%.

Insiders Place Their Bets

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $25.47, for a total value of $530,591.04. Following the sale, the chief financial officer now directly owns 55,705 shares of the company’s stock, valued at approximately $1,418,806.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $25.47, for a total value of $530,591.04. Following the sale, the chief financial officer now directly owns 55,705 shares of the company’s stock, valued at approximately $1,418,806.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Patrick Whitesell purchased 1,642,970 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was acquired at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the purchase, the insider now owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 198,613 shares of company stock valued at $4,874,524. Insiders own 82.08% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Endeavor Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock valued at $291,559,000 after purchasing an additional 254,550 shares in the last quarter. Morgan Stanley lifted its stake in shares of Endeavor Group by 24.9% in the 4th quarter. Morgan Stanley now owns 13,474,269 shares of the company’s stock valued at $303,710,000 after purchasing an additional 2,689,204 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Endeavor Group by 6.4% in the 4th quarter. Millennium Management LLC now owns 7,114,037 shares of the company’s stock valued at $160,350,000 after purchasing an additional 429,390 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Endeavor Group by 20.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,814,416 shares of the company’s stock valued at $139,140,000 after buying an additional 978,196 shares during the period. Finally, FMR LLC raised its holdings in shares of Endeavor Group by 3.7% during the 3rd quarter. FMR LLC now owns 5,145,883 shares of the company’s stock valued at $102,403,000 after buying an additional 184,212 shares during the period. 71.37% of the stock is owned by institutional investors and hedge funds.

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.