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

Endeavor Group Holdings, Inc. (NYSE:EDR) saw unusually large options trading activity on Wednesday. Stock investors purchased 104,026 put options on the stock. This represents an increase of approximately 1,290% compared to the average daily volume of 7,485 put options.

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 analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Endeavor Group currently has an average rating of “Hold” and an average price target of $27.86.

Endeavor Group Stock Down 0.7 %

Shares of NYSE:EDR opened at $30.46 on Thursday. The firm has a fifty day moving average price of $30.33 and a two-hundred day moving average price of $28.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. Endeavor Group has a one year low of $22.77 and a one year high of $31.49. The company has a market cap of $20.84 billion, a price-to-earnings ratio of -14.86 and a beta of 0.74.

Endeavor Group Dividend Announcement

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

Insider Transactions at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 263,200 shares of Endeavor Group stock in a transaction that occurred on Monday, December 16th. The stock was acquired 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William K. Fullerton sold 2,225 shares of Endeavor Group stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total transaction of $68,040.50. Following the completion of the transaction, the chief accounting officer now owns 53,124 shares of the company’s stock, valued at $1,624,531.92. This 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 company insiders.

Institutional Trading of Endeavor Group

Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in shares of Endeavor Group during the 4th quarter worth $96,000. FMR LLC lifted its holdings 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 acquiring an additional 2,248 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Endeavor Group during the 4th quarter worth $233,000. Tidal Investments LLC lifted its holdings 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 acquiring an additional 620 shares during the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Endeavor Group during the 2nd quarter worth $255,000. 74.99% of the stock is owned by institutional investors.

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.