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

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 24,596 put options on the company. This is an increase of 392% compared to the typical volume of 4,996 put options.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Endeavor Group in a report on Saturday. They issued a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Endeavor Group presently has a consensus rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Stock Up 0.8 %

NYSE:EDR opened at $30.20 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $20.66 billion, a PE ratio of -14.73 and a beta of 0.77. The company has a 50-day moving average of $28.95 and a 200 day moving average of $27.78. Endeavor Group has a 1-year low of $22.64 and a 1-year high of $30.30.

Endeavor Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. Endeavor Group’s dividend payout ratio is presently -11.71%.

Insider Buying and Selling

In related news, CEO Ariel Emanuel sold 48,176 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at approximately $53,179,412.88. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 225,272 shares of company stock valued at $6,372,925. Company insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

A number of hedge funds have recently bought and sold shares of the stock. Sei Investments Co. bought a new position in shares of Endeavor Group in the 1st quarter worth $644,000. Vanguard Group Inc. lifted its position in shares of Endeavor Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 13,683,577 shares of the company’s stock valued at $352,078,000 after buying an additional 219,384 shares during the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of Endeavor Group in the 1st quarter valued at about $338,000. California State Teachers Retirement System grew its position in shares of Endeavor Group by 8.8% in the 1st quarter. California State Teachers Retirement System now owns 162,293 shares of the company’s stock worth $4,176,000 after buying an additional 13,120 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Endeavor Group by 11.7% during the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock worth $451,000 after acquiring an additional 1,832 shares in the last quarter. Hedge funds and other institutional investors own 71.37% 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.