Stock Traders Buy High Volume of Endeavor Group Call Options (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR) was the target of some unusual options trading on Monday. Stock investors bought 12,303 call options on the company. This is an increase of 68% compared to the typical volume of 7,326 call options.

Endeavor Group Trading Down 0.4 %

Shares of EDR stock opened at $31.21 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm has a market cap of $21.35 billion, a P/E ratio of -15.22 and a beta of 0.76. The company has a 50 day moving average of $29.94 and a 200-day moving average of $28.46. Endeavor Group has a 12-month low of $22.75 and a 12-month high of $31.42.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid 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 0.77%. Endeavor Group’s payout ratio is presently -11.71%.

Insider Activity at Endeavor Group

In related news, major shareholder Patrick Whitesell bought 263,200 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the transaction, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ariel Emanuel sold 48,176 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total value 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 $53,179,412.88. The trade was a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 63.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EDR. LMR Partners LLP boosted its holdings in shares of Endeavor Group by 41.6% in 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 period. Moran Wealth Management LLC bought a new position in Endeavor Group in the 3rd quarter worth about $2,870,000. Geode Capital Management LLC increased its position in shares of Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after buying an additional 79,212 shares during the period. Davide Leone & Partners Investment Co Ltd. lifted its holdings in shares of Endeavor Group by 81.0% in the second quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock worth $22,947,000 after buying an additional 380,000 shares in the last quarter. Finally, Athos Capital Ltd boosted its position in shares of Endeavor Group by 135.9% in the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after acquiring an additional 4,447,000 shares during the period. Institutional investors own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

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

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.