Traders Purchase High Volume of Endeavor Group Put Options (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR) was the target of some unusual options trading activity on Tuesday. Stock investors purchased 24,596 put options on the company. This represents an increase of approximately 392% compared to the average volume of 4,996 put options.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 27,816 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $28.01, for a total transaction of $779,126.16. Following the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Endeavor Group

Institutional investors have recently made changes to their positions in the company. Tidal Investments LLC boosted its holdings in Endeavor Group by 7.9% during the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after buying an additional 620 shares in the last quarter. Arizona State Retirement System raised its position in shares of Endeavor Group by 1.8% in the second quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after acquiring an additional 898 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Endeavor Group by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock worth $1,165,000 after acquiring an additional 1,066 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Endeavor Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after acquiring an additional 1,346 shares during the period. Finally, Mirador Capital Partners LP increased its stake in shares of Endeavor Group by 6.7% in the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after purchasing an additional 1,655 shares in the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Endeavor Group in a research report on Saturday. They issued a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Stock Up 0.8 %

Shares of EDR opened at $30.20 on Wednesday. The stock’s 50-day moving average price is $28.95 and its 200-day moving average price is $27.78. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $20.66 billion, a price-to-earnings ratio of -14.73 and a beta of 0.77. Endeavor Group has a 52 week low of $22.64 and a 52 week high of $30.30.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.06 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.79%. Endeavor Group’s dividend payout ratio is presently -11.71%.

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.