Endeavor Group (NYSE:EDR) Reaches New 1-Year High - Here's Why

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $31.46 and last traded at $31.45, with a volume of 230835 shares trading hands. The stock had previously closed at $31.29.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Endeavor Group from a "sell" rating to a "hold" rating in a research note on Friday, December 27th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Endeavor Group has an average rating of "Hold" and an average target price of $27.86.

Endeavor Group Price Performance

The firm has a market cap of $21.39 billion, a PE ratio of -15.25 and a beta of 0.76. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $30.06 and a two-hundred day moving average price of $28.54.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. Endeavor Group's payout ratio is currently -11.71%.

Insider Activity at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $53,179,412.88. This trade represents a 2.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Patrick Whitesell acquired 263,200 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the acquisition, the insider now owns 418,587 shares in the company, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 63.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. LMR Partners LLP increased its holdings in shares of 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 in the last quarter. Moran Wealth Management LLC acquired a new position in shares of Endeavor Group in the third quarter worth about $2,870,000. Geode Capital Management LLC boosted its stake in shares of Endeavor Group by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company's stock worth $59,367,000 after acquiring an additional 79,212 shares in the last quarter. Davide Leone & Partners Investment Co Ltd. grew its position in shares of Endeavor Group by 81.0% during the 2nd quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company's stock valued at $22,947,000 after acquiring an additional 380,000 shares during the period. Finally, Athos Capital Ltd increased its stake in shares of 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 in the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

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.