Endeavor Group (NYSE:EDR) Reaches New 52-Week High on Insider Buying Activity

Endeavor Group Holdings, Inc. (NYSE:EDR) shares reached a new 52-week high during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as $31.55 and last traded at $31.45, with a volume of 1526848 shares traded. The stock had previously closed at $30.90.

Specifically, major shareholder Patrick Whitesell purchased 125,589 shares of the stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $143.06 per share, with a total value of $17,966,762.34. Following the purchase, the insider now directly owns 807,376 shares in the company, valued at $115,503,210.56. The trade was a 18.42 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Patrick Whitesell acquired 108,476 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average price of $144.13 per share, with a total value of $15,634,645.88. Following the acquisition, the insider now owns 915,852 shares of the company’s stock, valued at approximately $132,001,748.76. This trade represents a 13.44 % increase in their position. The disclosure for this purchase can be found here.

Wall Street Analyst Weigh In

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

Endeavor Group Stock Up 2.1 %

The firm has a market capitalization of $21.59 billion, a P/E ratio of -15.40 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The firm’s 50-day moving average is $30.61 and its 200 day moving average is $28.97.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.06 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.76%. Endeavor Group’s dividend payout ratio (DPR) is -11.71%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Athos Capital Ltd boosted its position in 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 acquiring an additional 4,447,000 shares during the last quarter. LMR Partners LLP lifted its position 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 purchasing an additional 1,290,867 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after purchasing an additional 79,212 shares during the last quarter. Polar Asset Management Partners Inc. grew its position in 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 purchasing an additional 1,500,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Endeavor Group by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock valued at $50,804,000 after buying an additional 76,618 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors.

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.