Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Purchases 94,161 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 94,161 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of $157.79 per share, for a total transaction of $14,857,664.19. Following the acquisition, the insider now directly owns 1,780,529 shares in the company, valued at approximately $280,949,670.91. This trade represents a 5.58 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, January 31st, Patrick Whitesell purchased 80,758 shares of Endeavor Group stock. The shares were acquired at an average price of $156.79 per share, for a total transaction of $12,662,046.82.
• On Wednesday, January 29th, Patrick Whitesell acquired 99,996 shares of Endeavor Group stock. The stock was acquired at an average cost of $156.60 per share, with a total value of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell bought 89,234 shares of Endeavor Group stock. The shares were acquired at an average price of $153.18 per share, for a total transaction of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of Endeavor Group stock. The stock was acquired at an average price of $150.92 per share, with a total value of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell bought 125,589 shares of Endeavor Group stock. The shares were bought at an average cost of $143.06 per share, with a total value of $17,966,762.34.
• On Tuesday, January 21st, Patrick Whitesell purchased 108,476 shares of Endeavor Group stock. The stock was bought at an average cost of $144.13 per share, for a total transaction of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell bought 263,200 shares of Endeavor Group stock. The shares were purchased at an average price of $146.97 per share, for a total transaction of $38,682,504.00.
• On Thursday, December 12th, Patrick Whitesell purchased 60,208 shares of Endeavor Group stock. The stock was purchased at an average price of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Trading Down 0.5 %

Shares of Endeavor Group stock opened at $30.75 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 company has a fifty day simple moving average of $30.79 and a 200-day simple moving average of $29.18. The stock has a market cap of $21.03 billion, a price-to-earnings ratio of -15.00 and a beta of 0.74. Endeavor Group Holdings, Inc. has a 12-month low of $23.14 and a 12-month high of $32.67.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Monday, December 16th. Endeavor Group’s payout ratio is -11.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Endeavor Group from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.86.

Institutional Trading of Endeavor Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Athos Capital Ltd boosted its position in shares of Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after purchasing an additional 4,447,000 shares during the period. Polar Asset Management Partners Inc. boosted its holdings in shares of Endeavor Group by 300.0% in 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 acquiring an additional 1,500,000 shares during the period. LMR Partners LLP grew its position in shares of 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. Whitefort Capital Management LP acquired a new position in shares of Endeavor Group in the 3rd quarter valued at $28,560,000. Finally, Palliser Capital UK Ltd raised its position in Endeavor Group by 230.0% in the 3rd quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock valued at $35,336,000 after purchasing an additional 862,380 shares during the last quarter. 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.