Endeavor Group (NYSE:EDR) Sees Unusually-High Trading Volume – What’s Next?

Endeavor Group Holdings, Inc. (NYSE:EDR) saw unusually-strong trading volume on Thursday . Approximately 988,937 shares traded hands during trading, an increase of 32% from the previous session’s volume of 747,712 shares.The stock last traded at $30.35 and had previously closed at $30.32.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Endeavor Group from a “sell” rating to a “hold” rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Trading Up 0.5 %

The company has a 50 day simple moving average of $30.36 and a 200 day simple moving average of $28.81. 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 capitalization of $20.84 billion, a PE ratio of -14.86 and a beta of 0.74.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Monday, December 16th. Endeavor Group’s dividend payout ratio is presently -11.71%.

Insider Activity at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 263,200 shares of the stock in a transaction on Monday, December 16th. The shares were bought at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the acquisition, the insider now owns 418,587 shares of the company’s stock, valued at $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO William K. Fullerton sold 2,225 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total value of $68,040.50. Following the transaction, the chief accounting officer now directly owns 53,124 shares of the company’s stock, valued at approximately $1,624,531.92. This trade represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 63.90% of the stock is currently owned by insiders.

Institutional Trading of Endeavor Group

A number of institutional investors have recently added to or reduced their stakes in EDR. Tidal Investments LLC increased its position in shares of 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 buying an additional 620 shares in the last quarter. Mirador Capital Partners LP increased its holdings in Endeavor Group by 3.0% during the 4th quarter. Mirador Capital Partners LP now owns 27,057 shares of the company’s stock valued at $847,000 after acquiring an additional 792 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Endeavor Group by 2.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock worth $1,165,000 after acquiring an additional 1,066 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Endeavor Group by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after acquiring an additional 1,346 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of 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 purchasing an additional 2,248 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

About Endeavor Group

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.