Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Acquires 263,200 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 263,200 shares of the business’s stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the purchase, the insider now owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Patrick Whitesell also recently made the following trade(s):

• On Thursday, December 12th, Patrick Whitesell acquired 60,208 shares of Endeavor Group stock. The shares were purchased at an average cost of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Trading Up 0.1 %

NYSE EDR opened at $31.03 on Thursday. 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 stock has a market cap of $21.23 billion, a PE ratio of -15.14 and a beta of 0.76. The company’s 50-day moving average price is $29.67 and its 200-day moving average price is $28.23. Endeavor Group Holdings, Inc. has a 12 month low of $22.75 and a 12 month high of $31.14.

Endeavor Group Announces Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Endeavor Group in a report on Monday, December 9th. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Endeavor Group has a consensus rating of “Hold” and an average target price of $27.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Endeavor Group in the second quarter valued at $130,000. &PARTNERS grew its position in shares of Endeavor Group by 3,331.5% in the second quarter. &PARTNERS now owns 29,854 shares of the company’s stock valued at $807,000 after purchasing an additional 28,984 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Endeavor Group by 28.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,723 shares of the company’s stock worth $1,074,000 after acquiring an additional 8,859 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in Endeavor Group in the second quarter valued at $2,703,000. Finally, Pentwater Capital Management LP boosted its position in shares of Endeavor Group by 457.0% in the second quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after buying an additional 10,830,000 shares during the period. Hedge funds and other institutional investors own 74.99% of the company’s stock.

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.