Endeavor Group Target of Unusually Large Options Trading (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 77,063 put options on the company. This is an increase of approximately 1,109% compared to the average daily volume of 6,372 put options.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a research report on Monday, December 9th. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.86.

Insider Activity at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,458,040.70. The trade was a 7.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Whitesell acquired 60,208 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the transaction, the insider now directly owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 225,272 shares of company stock valued at $6,372,925. Corporate insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Large investors have recently bought and sold shares of the company. Longfellow Investment Management Co. LLC acquired a new position in Endeavor Group during the 2nd quarter worth approximately $75,000. SG Americas Securities LLC acquired a new position in shares of Endeavor Group during the second quarter worth $130,000. FMR LLC increased its holdings in 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 during the period. CIBC Asset Management Inc bought a new position in Endeavor Group during the 2nd quarter worth $226,000. Finally, Tidal Investments LLC lifted its holdings in 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 during the period. 74.99% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Price Performance

Endeavor Group stock traded up $0.03 during mid-day trading on Tuesday, reaching $31.08. 8,885,115 shares of the company were exchanged, compared to its average volume of 3,361,116. The company has a fifty day simple moving average of $29.60 and a 200-day simple moving average of $28.18. The firm has a market cap of $21.26 billion, a PE ratio of -15.15 and a beta of 0.76. 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 12 month low of $22.75 and a 12 month high of $31.14.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.77%. Endeavor Group’s dividend payout ratio is -11.71%.

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.