Investors Purchase Large Volume of Endeavor Group Put Options (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of some unusual options trading on Thursday. Investors purchased 28,256 put options on the company. This represents an increase of approximately 990% compared to the average daily volume of 2,592 put options.

Insider Activity at Endeavor Group

In other news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the transaction, the chief financial officer now owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 63.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Clearbridge Investments LLC raised its stake in shares of Endeavor Group by 5.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,527,575 shares of the company’s stock worth $107,439,000 after purchasing an additional 226,724 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Endeavor Group in the 4th quarter valued at $177,000. Bank of Nova Scotia acquired a new stake in shares of Endeavor Group in the fourth quarter worth $380,000. DLD Asset Management LP acquired a new stake in shares of Endeavor Group in the fourth quarter worth $522,000. Finally, Kodai Capital Management LP purchased a new position in shares of Endeavor Group during the fourth quarter worth $24,037,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a report on Friday. They set a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Trading Up 1.3 %

NYSE:EDR opened at $28.08 on Friday. The firm has a 50 day moving average of $27.43 and a 200 day moving average of $26.71. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $28.10. The stock has a market capitalization of $19.46 billion, a price-to-earnings ratio of 50.91 and a beta of 0.77.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. As a group, sell-side analysts anticipate that Endeavor Group will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. Endeavor Group’s payout ratio is 43.64%.

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.