Investors Buy High Volume of Put Options on Endeavor Group (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDRGet Free Report) saw unusually large options trading on Wednesday. Stock traders bought 37,759 put options on the company. This represents an increase of 149% compared to the average volume of 15,191 put options.

Endeavor Group Stock Performance

Shares of EDR stock opened at $24.20 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $16.79 billion, a P/E ratio of 69.13, a PEG ratio of 1.68 and a beta of 0.85. The stock has a 50 day moving average price of $24.02 and a two-hundred day moving average price of $23.03. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $26.26.

Endeavor Group (NYSE:EDRGet Free Report) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.14. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Endeavor Group had a negative return on equity of 0.87% and a net margin of 2.41%. Analysts expect that Endeavor Group will post 0.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.24 annualized dividend and a yield of 0.99%. Endeavor Group’s payout ratio is 68.57%.

Insider Transactions at Endeavor Group

In other news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $25.47, for a total transaction of $530,591.04. Following the sale, the chief financial officer now directly owns 55,705 shares in the company, valued at approximately $1,418,806.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $25.47, for a total value of $530,591.04. Following the sale, the chief financial officer now directly owns 55,705 shares in the company, valued at approximately $1,418,806.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William K. Fullerton sold 1,148 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $23.22, for a total value of $26,656.56. Following the completion of the sale, the chief accounting officer now owns 82,394 shares in the company, valued at $1,913,188.68. The disclosure for this sale can be found here. Insiders have sold 103,299 shares of company stock worth $2,534,855 in the last ninety days. Company insiders own 82.08% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors have recently modified their holdings of the stock. Cowen AND Company LLC bought a new position in shares of Endeavor Group in the fourth quarter worth about $5,932,000. Qsemble Capital Management LP purchased a new position in shares of Endeavor Group in the 4th quarter worth approximately $267,000. AGF Management Ltd. bought a new stake in shares of Endeavor Group during the 4th quarter worth approximately $2,718,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Endeavor Group by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,614,096 shares of the company’s stock worth $38,302,000 after acquiring an additional 14,846 shares during the last quarter. Finally, National Bank of Canada FI bought a new stake in Endeavor Group during the 4th quarter valued at $23,345,000. 43.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.00.

Read Our Latest Research Report on Endeavor Group

About Endeavor Group

(Get Free Report)

Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company worldwide. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings that license broadcast and other intellectual property rights and operate exclusive live events.

Further Reading

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