Endeavor Group (NYSE:EDR) Sets New 1-Year High – Here’s Why

Endeavor Group Holdings, Inc. (NYSE:EDR) reached a new 52-week high during trading on Friday . The company traded as high as $32.71 and last traded at $32.14, with a volume of 167802 shares changing hands. The stock had previously closed at $31.36.

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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Stock Performance

The stock has a market cap of $22.31 billion, a P/E ratio of -15.91 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 $30.81 and its 200 day moving average is $29.19.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, December 16th. Endeavor Group’s payout ratio is presently -11.71%.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell acquired 263,200 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the acquisition, the insider now directly owns 418,587 shares of the company’s stock, valued at $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William K. Fullerton sold 2,225 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total value of $68,040.50. Following the completion of the transaction, the chief accounting officer now directly owns 53,124 shares in the company, valued at approximately $1,624,531.92. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired a total of 1,042,580 shares of company stock worth $156,040,538 in the last ninety days. 63.90% of the stock is owned by insiders.

Institutional Trading of Endeavor Group

Large investors have recently added to or reduced their stakes in the company. Athos Capital Ltd lifted its holdings in shares of Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after purchasing an additional 4,447,000 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 worth $125,486,000 after buying an additional 1,290,867 shares during the last quarter. Geode Capital Management LLC lifted its stake in Endeavor Group by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after acquiring an additional 79,212 shares during the period. Polar Asset Management Partners Inc. boosted its holdings in shares of Endeavor Group by 300.0% in 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 acquiring an additional 1,500,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Endeavor Group by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,836,023 shares of the company’s stock worth $57,449,000 after purchasing an additional 57,154 shares during the last quarter. Hedge funds and other 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.