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

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 104,026 put options on the company. This represents an increase of 1,290% compared to the typical volume of 7,485 put options.

Endeavor Group Price Performance

Endeavor Group stock opened at $30.46 on Thursday. Endeavor Group has a 52 week low of $22.77 and a 52 week high of $31.49. The company’s 50 day moving average price is $30.33 and its two-hundred day moving average price is $28.80. 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 stock has a market cap of $20.84 billion, a P/E ratio of -14.86 and a beta of 0.74.

Endeavor Group Announces Dividend

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 of this dividend was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. Endeavor Group’s dividend payout ratio is currently -11.71%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, major shareholder Patrick Whitesell acquired 263,200 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO William K. Fullerton sold 2,225 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total transaction of $68,040.50. Following the transaction, the chief accounting officer now directly owns 53,124 shares in the company, valued at $1,624,531.92. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Several hedge funds have recently modified their holdings of the company. Tidal Investments LLC lifted its position in shares of Endeavor Group by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after buying an additional 620 shares in the last quarter. Mirador Capital Partners LP increased its stake in shares of Endeavor Group by 3.0% during the 4th quarter. Mirador Capital Partners LP now owns 27,057 shares of the company’s stock worth $847,000 after purchasing an additional 792 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Endeavor Group by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,066 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Endeavor Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after purchasing an additional 1,346 shares during the last quarter. Finally, FMR LLC increased its stake in shares of 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 purchasing an additional 2,248 shares during the last quarter. 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.