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

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Endeavor Group in a research 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 given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.86.

Insider Activity

In other Endeavor Group news, major shareholder Patrick Whitesell bought 60,208 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the transaction, the insider now owns 1,734,530 shares in the company, valued at $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. The trade was a 7.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 225,272 shares of company stock valued at $6,372,925 over the last 90 days. Insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Longfellow Investment Management Co. LLC bought a new position in Endeavor Group during the 2nd quarter worth approximately $75,000. SG Americas Securities LLC bought a new stake in shares of Endeavor Group in the 2nd quarter valued at $130,000. FMR LLC raised its stake 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 buying an additional 2,248 shares during the period. CIBC Asset Management Inc bought a new position in Endeavor Group during the second quarter worth about $226,000. Finally, Tidal Investments LLC grew its stake in Endeavor Group by 7.9% in the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after acquiring an additional 620 shares during the period. 74.99% of the stock is owned by institutional investors.

Endeavor Group Stock Performance

EDR traded up $0.03 on Tuesday, hitting $31.08. 8,885,115 shares of the stock traded hands, compared to its average volume of 3,361,116. Endeavor Group has a 52 week low of $22.75 and a 52 week high of $31.14. The firm has a market capitalization of $21.26 billion, a PE ratio of -15.15 and a beta of 0.76. The business has a fifty day moving average price of $29.60 and a two-hundred day moving average price of $28.18. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is currently -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.