Endeavor Group (NYSE:EDR) Sees Large Volume Increase After Insider Buying Activity

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) saw an uptick in trading volume on Wednesday following insider buying activity. 2,003,851 shares traded hands during trading, an increase of 8% from the previous session’s volume of 1,848,837 shares.The stock last traded at $29.62 and had previously closed at $30.20.

Specifically, major shareholder Patrick Whitesell purchased 108,476 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were acquired at an average price of $144.13 per share, for a total transaction of $15,634,645.88. Following the completion of the acquisition, the insider now owns 915,852 shares in the company, valued at approximately $132,001,748.76. The trade was a 13.44 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Endeavor Group from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Trading Up 2.1 %

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $21.59 billion, a P/E ratio of -15.40 and a beta of 0.74. The firm has a 50 day simple moving average of $30.55 and a two-hundred day simple moving average of $28.94.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.06 per share. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.76%. Endeavor Group’s dividend payout ratio is currently -11.71%.

Hedge Funds Weigh In On Endeavor Group

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its position in shares of Endeavor Group by 176.1% during the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after purchasing an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Endeavor Group during the fourth quarter worth about $96,000. FMR LLC boosted its stake in Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after acquiring an additional 2,248 shares during the last quarter. KBC Group NV grew its position in shares of Endeavor Group by 65.3% during the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after acquiring an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in shares of Endeavor Group during the 4th quarter worth approximately $233,000. 74.99% of the stock is owned by institutional investors.

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.