Insider Buying: Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Buys 125,589 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 125,589 shares of the stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the acquisition, the insider now directly owns 807,376 shares in the company, valued at $115,503,210.56. This represents a 18.42 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Patrick Whitesell also recently made the following trade(s):

• On Tuesday, January 21st, Patrick Whitesell purchased 108,476 shares of Endeavor Group stock. The stock was acquired at an average cost of $144.13 per share, with a total value of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell acquired 263,200 shares of Endeavor Group stock. The shares were acquired at an average cost of $146.97 per share, for a total transaction of $38,682,504.00.
• On Thursday, December 12th, Patrick Whitesell bought 60,208 shares of Endeavor Group stock. The stock was acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Price Performance

Endeavor Group stock opened at $29.78 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $30.51 and its 200 day simple moving average is $28.93. Endeavor Group Holdings, Inc. has a 52 week low of $23.14 and a 52 week high of $31.49.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.81%. Endeavor Group’s dividend payout ratio is presently -11.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Athos Capital Ltd boosted its stake in shares of Endeavor Group by 135.9% during the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after purchasing an additional 4,447,000 shares during the last quarter. Polar Asset Management Partners Inc. lifted its stake in shares of Endeavor Group by 300.0% during the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after buying an additional 1,500,000 shares during the period. LMR Partners LLP boosted its position in Endeavor Group by 41.6% during the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after acquiring an additional 1,290,867 shares during the last quarter. Water Island Capital LLC purchased a new stake in Endeavor Group in the 2nd quarter worth approximately $28,497,000. Finally, Whitefort Capital Management LP acquired a new position in Endeavor Group in the 3rd quarter valued at $28,560,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.