Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Acquires 116,256 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell bought 116,256 shares of the company’s stock in a transaction on Monday, February 10th. The shares were bought at an average price of $172.03 per share, for a total transaction of $19,999,519.68. Following the transaction, the insider now owns 2,305,222 shares of the company’s stock, valued at approximately $396,567,340.66. This represents a 5.31 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Patrick Whitesell also recently made the following trade(s):

• On Wednesday, February 12th, Patrick Whitesell acquired 117,769 shares of Endeavor Group stock. The shares were bought at an average price of $175.40 per share, for a total transaction of $20,656,682.60.
• On Friday, February 7th, Patrick Whitesell bought 177,861 shares of Endeavor Group stock. The stock was bought at an average price of $165.99 per share, with a total value of $29,523,147.39.
• On Wednesday, February 5th, Patrick Whitesell purchased 81,019 shares of Endeavor Group stock. The shares were bought at an average price of $159.72 per share, for a total transaction of $12,940,354.68.
• On Friday, January 31st, Patrick Whitesell acquired 80,758 shares of Endeavor Group stock. The shares were purchased at an average cost of $156.79 per share, with a total value of $12,662,046.82.
• On Monday, February 3rd, Patrick Whitesell purchased 94,161 shares of Endeavor Group stock. The stock was purchased at an average cost of $157.79 per share, with a total value of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell purchased 99,996 shares of Endeavor Group stock. The stock was purchased at an average cost of $156.60 per share, for a total transaction of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell bought 89,234 shares of Endeavor Group stock. The shares were acquired at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of Endeavor Group stock. The stock was acquired at an average cost of $150.92 per share, for a total transaction of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell acquired 125,589 shares of Endeavor Group stock. The shares were acquired at an average cost of $143.06 per share, with a total value of $17,966,762.34.
• On Tuesday, January 21st, Patrick Whitesell bought 108,476 shares of Endeavor Group stock. The stock was bought at an average cost of $144.13 per share, for a total transaction of $15,634,645.88.

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $35.18 on Friday. The company’s fifty day moving average is $31.29 and its 200 day moving average is $29.49. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a 52 week low of $23.14 and a 52 week high of $35.99. The stock has a market cap of $24.07 billion, a PE ratio of -17.16 and a beta of 0.74.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.68%. Endeavor Group’s dividend payout ratio is -11.71%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EDR. Athos Capital Ltd increased 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. Polar Asset Management Partners Inc. increased its holdings in Endeavor Group by 300.0% during the 3rd 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 during the period. LMR Partners LLP raised its position in Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Endeavor Group by 8.3% in the 4th quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock worth $475,166,000 after buying an additional 1,167,887 shares during the period. Finally, Whitefort Capital Management LP bought a new stake in shares of Endeavor Group in the 3rd quarter worth approximately $28,560,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on EDR. StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $27.86.

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.