Endeavor Group Holdings, Inc. (NYSE:EDR – Get Free Report) hit a new 52-week high during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as $31.55 and last traded at $31.45, with a volume of 1526848 shares traded. The stock had previously closed at $30.90.
Specifically, major shareholder Patrick Whitesell purchased 125,589 shares of Endeavor Group stock in a transaction dated Friday, January 17th. The shares were bought at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the completion of the acquisition, the insider now owns 807,376 shares in the company, valued at approximately $115,503,210.56. This trade represents a 18.42 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Patrick Whitesell acquired 108,476 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was bought at an average cost of $144.13 per share, for a total transaction of $15,634,645.88. Following the completion of the purchase, the insider now owns 915,852 shares of the company’s stock, valued at $132,001,748.76. This trade represents a 13.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here.
Analysts Set New Price Targets
Separately, StockNews.com raised Endeavor Group from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.86.
Endeavor Group Trading Up 2.1 %
The firm has a market cap of $21.59 billion, a PE ratio of -15.40 and a beta of 0.74. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $30.61 and a two-hundred day simple moving average of $28.98.
Endeavor Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Monday, December 16th. Endeavor Group’s payout ratio is presently -11.71%.
Institutional Investors Weigh In On Endeavor Group
Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. increased its holdings in Endeavor Group by 176.1% during the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after purchasing an additional 1,469 shares during the period. FNY Investment Advisers LLC acquired a new stake in Endeavor Group during the 4th quarter worth about $96,000. FMR LLC lifted its position in Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after acquiring an additional 2,248 shares during the period. KBC Group NV lifted its position in Endeavor Group by 65.3% during the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after acquiring an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in Endeavor Group during the 4th quarter worth about $233,000. 74.99% of the stock is owned by institutional investors.
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.
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