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

Endeavor Group Holdings, Inc. (NYSE:EDR) saw unusually large options trading activity on Tuesday. Stock investors bought 77,063 put options on the company. This represents an increase of approximately 1,109% compared to the average volume of 6,372 put options.

Endeavor Group Trading Down 0.1 %

EDR opened at $31.01 on Wednesday. Endeavor Group has a 1-year low of $22.75 and a 1-year high of $31.14. 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 company has a market cap of $21.22 billion, a P/E ratio of -15.13 and a beta of 0.76. The company has a fifty day moving average price of $29.63 and a two-hundred day moving average price of $28.21.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. Endeavor Group’s dividend payout ratio is -11.71%.

Insider Buying and Selling

In other news, major shareholder Patrick Whitesell acquired 60,208 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the transaction, the insider now directly owns 1,734,530 shares in the company, valued at $249,303,996.90. This represents a 3.60 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ariel Emanuel sold 27,816 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 225,272 shares of company stock valued at $6,372,925 over the last 90 days. 63.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Endeavor Group

A number of institutional investors have recently modified their holdings of EDR. Longfellow Investment Management Co. LLC bought a new stake in Endeavor Group during the 2nd quarter valued at $75,000. SG Americas Securities LLC bought a new stake in shares of Endeavor Group during the second quarter worth about $130,000. FMR LLC raised its holdings in shares of Endeavor Group by 67.6% in 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 last quarter. CIBC Asset Management Inc bought a new position in Endeavor Group in the 2nd quarter valued at about $226,000. Finally, Tidal Investments LLC boosted its stake in 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 during the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Endeavor Group in a report on Monday, December 9th. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.86.

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.