Stock Traders Purchase Large Volume of Endeavor Group Put Options (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR) saw some unusual options trading activity on Tuesday. Stock investors acquired 77,063 put options on the stock. This is an increase of 1,109% compared to the typical daily volume of 6,372 put options.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Endeavor Group in a research report on Monday, December 9th. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.86.

Endeavor Group Stock Performance

NYSE:EDR opened at $31.01 on Wednesday. Endeavor Group has a twelve month low of $22.75 and a twelve month high of $31.14. 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 stock’s 50-day simple moving average is $29.63 and its 200 day simple moving average is $28.21. The firm has a market capitalization of $21.22 billion, a PE ratio of -15.13 and a beta of 0.76.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Insider Activity

In related news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. 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 $51,458,040.70. This trade represents a 7.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell acquired 60,208 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the acquisition, the insider now owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 225,272 shares of company stock valued at $6,372,925 over the last ninety days. 63.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Endeavor Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its holdings in shares of Endeavor Group by 7.9% during the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after buying an additional 620 shares in the last quarter. Arizona State Retirement System grew its position in Endeavor Group by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after acquiring an additional 898 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Endeavor Group by 2.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,066 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Endeavor Group by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after purchasing an additional 1,346 shares in the last quarter. Finally, Mirador Capital Partners LP grew its holdings in shares of Endeavor Group by 6.7% during the third quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock worth $750,000 after purchasing an additional 1,655 shares during the last quarter. Institutional investors own 74.99% 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.