Endeavor Group (NYSE:EDR) Hits New 1-Year High After Insider Buying Activity

Endeavor Group Holdings, Inc. (NYSE:EDR) shares hit a new 52-week high on Friday following insider buying activity. The stock traded as high as $32.71 and last traded at $32.14, with a volume of 167802 shares traded. The stock had previously closed at $31.36.

Specifically, major shareholder Patrick Whitesell purchased 177,861 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the completion of the acquisition, the insider now owns 2,188,966 shares of the company’s stock, valued at $363,346,466.34. This represents a 8.84 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Whitesell acquired 81,019 shares of Endeavor Group stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $159.72 per share, with a total value of $12,940,354.68. Following the transaction, the insider now owns 1,938,135 shares of the company’s stock, valued at approximately $309,558,922.20. The trade was a 4.36 % increase in their position. The disclosure for this purchase can be found here. In other news, major shareholder Patrick Whitesell acquired 80,758 shares of Endeavor Group stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $156.79 per share, with a total value of $12,662,046.82. Following the completion of the transaction, the insider now owns 1,686,368 shares in the company, valued at approximately $264,405,638.72. This trade represents a 5.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

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

Endeavor Group Stock Up 4.0 %

The business has a 50-day simple moving average of $30.86 and a two-hundred day simple moving average of $29.24. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors 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 0.74%. Endeavor Group’s dividend payout ratio is presently -11.71%.

Hedge Funds Weigh In On Endeavor Group

Large investors have recently made changes to their positions in the business. CIBC Asset Management Inc increased its stake in Endeavor Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock valued at $285,000 after acquiring an additional 447 shares during the period. Tidal Investments LLC increased its stake in Endeavor Group by 7.9% during the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after acquiring an additional 620 shares during the period. Mirador Capital Partners LP increased its stake in Endeavor Group by 3.0% during the fourth 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Endeavor Group by 2.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock valued at $1,165,000 after acquiring an additional 1,066 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake 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 valued at $1,245,000 after acquiring an additional 1,346 shares during the period. Institutional investors and hedge funds 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.