Endeavor Group Sees Unusually High Options Volume (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR) was the target of unusually large options trading on Monday. Investors acquired 12,303 call options on the company. This represents an increase of 68% compared to the typical daily volume of 7,326 call options.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Endeavor Group from a “sell” rating to a “hold” rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Endeavor Group currently has an average rating of “Hold” and a consensus price target of $27.86.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell bought 263,200 shares of the business’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the purchase, the insider now directly owns 418,587 shares in the company, valued at $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $53,179,412.88. This trade represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Longfellow Investment Management Co. LLC purchased a new position in shares of Endeavor Group during the second quarter valued at approximately $75,000. FMR LLC increased its position in Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares during the period. CIBC Asset Management Inc bought a new position in Endeavor Group in the 2nd quarter worth $226,000. Tidal Investments LLC boosted its stake in shares of Endeavor Group by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after purchasing an additional 620 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new position in shares of Endeavor Group during the second quarter valued at about $255,000. Institutional investors own 74.99% of the company’s stock.

Endeavor Group Price Performance

Shares of Endeavor Group stock opened at $31.21 on Tuesday. The company’s fifty day simple moving average is $29.94 and its two-hundred day simple moving average is $28.46. Endeavor Group has a 12-month low of $22.75 and a 12-month high of $31.42. The firm has a market cap of $21.35 billion, a PE ratio of -15.22 and a beta of 0.76. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Endeavor Group’s dividend payout ratio is presently -11.71%.

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.