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

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of unusually large options trading on Friday. Stock traders bought 300,267 put options on the stock. This represents an increase of approximately 2,469% compared to the average volume of 11,686 put options.

Insider Transactions at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell purchased 263,200 shares of Endeavor Group stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the acquisition, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO William K. Fullerton sold 6,875 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the transaction, the chief accounting officer now owns 53,255 shares in the company, valued at approximately $1,659,958.35. This represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 1,535,485 shares of company stock worth $239,160,243. Company insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

A number of hedge funds have recently added to or reduced their stakes in EDR. Mackenzie Financial Corp purchased a new stake in shares of Endeavor Group in the 4th quarter worth $810,000. Vise Technologies Inc. purchased a new stake in shares of Endeavor Group in the 4th quarter worth $238,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Endeavor Group by 25.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 397,718 shares of the company’s stock worth $12,445,000 after buying an additional 80,680 shares during the period. Vident Advisory LLC bought a new position in Endeavor Group in the 4th quarter worth $480,000. Finally, Two Sigma Investments LP boosted its holdings in Endeavor Group by 962.6% in the 4th quarter. Two Sigma Investments LP now owns 213,714 shares of the company’s stock worth $6,687,000 after buying an additional 193,601 shares during the period. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Endeavor Group Stock Performance

EDR traded down $0.13 during mid-day trading on Friday, reaching $30.66. 189,527 shares of the company traded hands, compared to its average volume of 1,848,679. The stock has a market capitalization of $20.98 billion, a P/E ratio of -14.97 and a beta of 0.74. 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’s fifty day moving average price is $31.40 and its 200-day moving average price is $29.61. Endeavor Group has a 52-week low of $23.14 and a 52-week high of $35.99.

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. Endeavor Group’s dividend payout ratio is presently -11.71%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. StockNews.com cut Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.