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. Investors purchased 14,158 put options on the stock. This is an increase of approximately 21% compared to the average volume of 11,738 put options.

Endeavor Group Stock Down 0.3 %

NYSE EDR opened at $26.68 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $27.01. The business has a 50 day moving average price of $26.61 and a two-hundred day moving average price of $25.17. The stock has a market cap of $18.49 billion, a PE ratio of 48.51, a P/E/G ratio of 1.77 and a beta of 0.78.

Endeavor Group (NYSE:EDR) last posted its earnings results on Thursday, May 9th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.50. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Endeavor Group had a net margin of 3.40% and a return on equity of 2.86%. As a group, sell-side analysts predict that Endeavor Group will post 1.4 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, June 14th. Endeavor Group’s payout ratio is 43.64%.

Analyst Ratings Changes

EDR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $27.50 price objective (down from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. Piper Sandler downgraded Endeavor Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 13th. Evercore ISI reaffirmed an “in-line” rating and issued a $27.50 price objective (down from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. StockNews.com initiated coverage on shares of Endeavor Group in a research report on Sunday. They set a “hold” rating for the company. Finally, Seaport Res Ptn cut shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 2nd. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Endeavor Group presently has an average rating of “Hold” and a consensus target price of $28.89.

Insider Activity at Endeavor Group

In other news, CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $26.51, for a total transaction of $178,942.50. Following the sale, the chief accounting officer now owns 46,600 shares in the company, valued at $1,235,366. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO William K. Fullerton sold 6,750 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $26.51, for a total transaction of $178,942.50. Following the completion of the transaction, the chief accounting officer now owns 46,600 shares of the company’s stock, valued at approximately $1,235,366. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $26.52, for a total transaction of $552,464.64. Following the transaction, the chief financial officer now owns 130,187 shares in the company, valued at $3,452,559.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,246 shares of company stock valued at $1,843,419. Company insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EDR. Mubadala Investment Co PJSC acquired a new position in Endeavor Group during the 4th quarter worth $52,983,000. Kodai Capital Management LP acquired a new position in Endeavor Group in the fourth quarter worth about $24,037,000. National Bank of Canada FI bought a new stake in Endeavor Group in the fourth quarter valued at about $23,345,000. Owl Creek Asset Management L.P. acquired a new stake in Endeavor Group during the fourth quarter valued at approximately $22,419,000. Finally, KRYGER CAPITAL Ltd bought a new position in Endeavor Group during the 1st quarter worth approximately $13,591,000. Institutional investors and hedge funds own 71.37% of the company’s stock.

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.