Endeavor Group (NYSE:EDR) Reaches New 12-Month High Following Insider Buying Activity

Endeavor Group Holdings, Inc. (NYSE:EDR)’s share price hit a new 52-week high on Friday following insider buying activity. The company traded as high as $31.55 and last traded at $31.45, with a volume of 1526848 shares changing hands. The stock had previously closed at $30.90.

Specifically, major shareholder Patrick Whitesell bought 125,589 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the completion of the transaction, the insider now directly owns 807,376 shares of the company’s stock, valued at approximately $115,503,210.56. This trade represents a 18.42 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell acquired 108,476 shares of Endeavor Group stock in a transaction on Tuesday, January 21st. The shares were bought at an average price of $144.13 per share, with a total value of $15,634,645.88. Following the purchase, the insider now directly owns 915,852 shares in the company, valued at approximately $132,001,748.76. The trade was 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 Endeavor Group from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.86.

Endeavor Group Trading Up 1.9 %

The company has a 50 day moving average of $30.55 and a 200 day moving average of $28.94. 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 stock has a market capitalization of $21.54 billion, a price-to-earnings ratio of -15.38 and a beta of 0.74.

Endeavor Group Announces Dividend

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

Hedge Funds Weigh In On Endeavor Group

Institutional investors and hedge funds have recently bought and sold shares of the business. LMR Partners LLP increased its stake in shares of Endeavor Group by 41.6% in the 3rd 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 last quarter. Moran Wealth Management LLC purchased a new stake in shares of Endeavor Group in the third quarter valued at about $2,870,000. Geode Capital Management LLC increased its position 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. Davide Leone & Partners Investment Co Ltd. raised its stake in Endeavor Group by 81.0% during the second quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock worth $22,947,000 after purchasing an additional 380,000 shares during the period. Finally, Athos Capital Ltd boosted its holdings in Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after purchasing an additional 4,447,000 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

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.