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

Endeavor Group Holdings, Inc. (NYSE:EDR) reached a new 52-week high during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as $32.67 and last traded at $29.93, with a volume of 35481 shares. The stock had previously closed at $31.01.

Specifically, major shareholder Patrick Whitesell acquired 99,996 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average price of $156.60 per share, with a total value of $15,659,373.60. Following the acquisition, the insider now directly owns 1,539,589 shares in the company, valued at $241,099,637.40. This represents a 6.95 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell purchased 89,234 shares of Endeavor Group stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average price of $153.18 per share, with a total value of $13,668,864.12. Following the completion of the transaction, the insider now owns 1,347,034 shares of the company’s stock, valued at $206,338,668.12. This represents a 7.09 % increase in their position. The disclosure for this purchase can be found here. In other news, major shareholder Patrick Whitesell bought 120,958 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was purchased at an average cost of $150.92 per share, for a total transaction of $18,254,981.36. Following the purchase, the insider now directly owns 1,152,762 shares in the company, valued at approximately $173,974,841.04. This trade represents a 11.72 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Ratings Changes

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

Endeavor Group Stock Down 3.6 %

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 business has a 50 day simple moving average of $30.75 and a 200-day simple moving average of $29.07. The firm has a market capitalization of $20.45 billion, a price-to-earnings ratio of -14.56 and a beta of 0.74.

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 dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Hedge Funds Weigh In On Endeavor Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Portfolio Design Labs LLC grew its holdings in shares of Endeavor Group by 42.7% during the 4th quarter. Portfolio Design Labs LLC now owns 139,243 shares of the company’s stock worth $4,357,000 after purchasing an additional 41,665 shares during the period. Vest Financial LLC lifted its holdings in shares of Endeavor Group by 46.5% in the 4th quarter. Vest Financial LLC now owns 78,831 shares of the company’s stock worth $2,467,000 after acquiring an additional 25,020 shares during the last quarter. R Squared Ltd acquired a new stake in Endeavor Group in the 4th quarter valued at approximately $943,000. KBC Group NV raised its position in Endeavor Group by 65.3% in the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after purchasing an additional 2,842 shares during the period. Finally, Blue Trust Inc. lifted its stake in Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after purchasing an additional 1,469 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

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.