Endeavor Group Target of Unusually High Options Trading (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR) saw unusually large options trading on Friday. Traders bought 10,009 call options on the company. This is an increase of approximately 131% compared to the average daily volume of 4,330 call options.

Endeavor Group Stock Performance

Shares of EDR stock opened at $29.27 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. Endeavor Group has a one year low of $17.65 and a one year high of $29.38. The business’s 50 day simple moving average is $27.87 and its 200 day simple moving average is $27.13. The stock has a market capitalization of $20.03 billion, a PE ratio of -20.33 and a beta of 0.78.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. As a group, research analysts forecast that Endeavor Group will post 1.4 earnings per share for the current year.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders 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 0.82%. Endeavor Group’s dividend payout ratio is currently -16.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Endeavor Group in a report on Sunday, October 6th. They set a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.86.

Insider Transactions at Endeavor Group

In related news, CEO Ariel Emanuel sold 48,176 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total value of $1,399,031.04. Following the sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $53,179,412.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Ariel Emanuel sold 48,176 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total value of $1,399,031.04. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $53,179,412.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $27.28, for a total transaction of $568,296.96. Following the completion of the sale, the chief financial officer now owns 130,187 shares in the company, valued at $3,551,501.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 246,104 shares of company stock valued at $6,941,222. Corporate insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Endeavor Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 13,683,577 shares of the company’s stock valued at $352,078,000 after purchasing an additional 219,384 shares in the last quarter. Pentwater Capital Management LP increased its position in Endeavor Group by 457.0% in the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock valued at $356,796,000 after buying an additional 10,830,000 shares in the last quarter. Davidson Kempner Capital Management LP bought a new stake in Endeavor Group in the 2nd quarter valued at about $205,038,000. Steadfast Capital Management LP raised its stake in Endeavor Group by 17.9% during the 1st quarter. Steadfast Capital Management LP now owns 2,523,860 shares of the company’s stock worth $64,939,000 after buying an additional 384,000 shares during the period. Finally, Mubadala Investment Co PJSC bought a new position in Endeavor Group in the fourth quarter worth approximately $52,983,000. Institutional investors and hedge funds 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.