Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report)'s stock price hit a new 52-week high during trading on Friday after an insider bought additional shares in the company. The stock 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 purchased 99,996 shares of the firm's stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $156.60 per share, for a total transaction of $15,659,373.60. Following the transaction, the insider now directly owns 1,539,589 shares of the company's stock, valued at approximately $241,099,637.40. This trade represents a 6.95 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell bought 89,234 shares of the business's 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 transaction, the insider now directly owns 1,347,034 shares in the company, valued at $206,338,668.12. This trade represents a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In other news, major shareholder Patrick Whitesell bought 120,958 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was bought at an average price of $150.92 per share, for a total transaction of $18,254,981.36. Following the completion of the purchase, the insider now owns 1,152,762 shares of the company's stock, valued at approximately $173,974,841.04. The trade was a 11.72 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Endeavor Group from a "sell" rating to a "hold" rating in a research report on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $27.86.
Read Our Latest Research Report on EDR
Endeavor Group Trading Up 1.6 %
The business's 50 day simple moving average is $30.77 and its two-hundred day simple moving average is $29.14. 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 market cap of $21.15 billion, a P/E ratio of -15.08 and a beta of 0.74.
Endeavor Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Monday, December 16th. Endeavor Group's payout ratio is -11.71%.
Institutional Investors Weigh In On Endeavor Group
A number of hedge funds have recently added to or reduced their stakes in EDR. Illinois Municipal Retirement Fund bought a new position in Endeavor Group during the 4th quarter valued at $1,865,000. Handelsbanken Fonder AB lifted its stake in Endeavor Group by 100.5% in the fourth quarter. Handelsbanken Fonder AB now owns 43,100 shares of the company's stock valued at $1,349,000 after purchasing an additional 21,600 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Endeavor Group by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 9,108 shares of the company's stock worth $285,000 after acquiring an additional 447 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Endeavor Group by 5.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 75,985 shares of the company's stock valued at $2,378,000 after purchasing an additional 3,697 shares during the period. Finally, Portfolio Design Labs LLC lifted its position in shares of Endeavor Group by 42.7% during the fourth quarter. Portfolio Design Labs LLC now owns 139,243 shares of the company's stock worth $4,357,000 after acquiring an additional 41,665 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company's stock.
About Endeavor Group
(
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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.
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