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 published on Monday, MarketBeat reports. The firm currently has $27.50 price target on the stock.

Several other analysts also recently weighed in on the company. Evercore ISI restated an in-line rating and set a $27.50 target price (down previously from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Jefferies Financial Group restated a hold rating and set a $27.50 target price (down previously from $29.00) on shares of Endeavor Group in a research note on Thursday, April 4th. StockNews.com assumed coverage on Endeavor Group in a research note on Saturday. They set a hold rating for the company. TD Cowen increased their target price on Endeavor Group from $28.00 to $30.00 and gave the company an outperform rating in a research note on Monday, March 25th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and issued a $27.50 price target (down previously from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $29.64.

Endeavor Group Stock Performance

EDR opened at $26.39 on Monday. The company has a market cap of $18.27 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. The stock has a 50-day moving average of $24.96 and a 200-day moving average of $23.71. Endeavor Group has a 52-week low of $17.65 and a 52-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.

Endeavor Group (NYSE:EDR) last announced its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. As a group, equities research analysts forecast that Endeavor Group will post 1.27 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

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

Insider Transactions at Endeavor Group

In other news, CAO William K. Fullerton sold 1,148 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $23.22, for a total value of $26,656.56. Following the completion of the transaction, the chief accounting officer now directly owns 82,394 shares of the company’s stock, valued at approximately $1,913,188.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO William K. Fullerton sold 1,148 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $23.22, for a total value of $26,656.56. Following the completion of the transaction, the chief accounting officer now directly owns 82,394 shares of the company’s stock, valued at approximately $1,913,188.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Seth D. Krauss sold 17,950 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total value of $432,236.00. Following the sale, the chief accounting officer now directly owns 62,055 shares of the company’s stock, valued at $1,494,284.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,613 shares of company stock valued at $4,874,524. Corporate insiders own 82.08% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in Endeavor Group by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after purchasing an additional 399 shares in the last quarter. Quilter Plc bought a new position in Endeavor Group in the 1st quarter valued at $421,032,000. Citigroup Inc. boosted its position in Endeavor Group by 14.6% in the 4th quarter. Citigroup Inc. now owns 3,878 shares of the company’s stock valued at $87,000 after buying an additional 493 shares during the last quarter. Cerity Partners LLC boosted its position in Endeavor Group by 5.2% in the 4th quarter. Cerity Partners LLC now owns 11,832 shares of the company’s stock valued at $281,000 after buying an additional 590 shares during the last quarter. Finally, Steph & Co. boosted its position in Endeavor Group by 5.1% in the 3rd quarter. Steph & Co. now owns 12,088 shares of the company’s stock valued at $241,000 after buying an additional 591 shares during the last quarter. 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.