Stock Traders Buy Large Volume of Call Options on Endeavor Group (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) was the target of unusually large options trading on Monday. Stock traders bought 12,303 call options on the stock. This is an increase of approximately 68% compared to the average daily volume of 7,326 call options.

Analyst Ratings Changes

Separately, StockNews.com raised Endeavor Group from a "sell" rating to a "hold" rating in a research report on Friday. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $27.86.

Endeavor Group Stock Down 0.4 %

Shares of NYSE:EDR traded down $0.13 during mid-day trading on Monday, hitting $31.21. 323,073 shares of the company traded hands, compared to its average volume of 3,288,002. The stock has a market cap of $21.35 billion, a P/E ratio of -15.22 and a beta of 0.76. The stock has a 50-day moving average price of $29.94 and a two-hundred day moving average price of $28.46. Endeavor Group has a 12-month low of $22.75 and a 12-month high of $31.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Monday, December 16th. Endeavor Group's dividend payout ratio is -11.71%.

Insider Buying and Selling

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

Institutional Trading of Endeavor Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC increased its position in shares of Endeavor Group by 7.9% during the third quarter. Tidal Investments LLC now owns 8,498 shares of the company's stock valued at $243,000 after acquiring an additional 620 shares during the last quarter. Arizona State Retirement System increased its position in shares of Endeavor Group by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company's stock valued at $1,364,000 after purchasing an additional 898 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Endeavor Group by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company's stock worth $1,165,000 after purchasing an additional 1,066 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Endeavor Group by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company's stock worth $1,245,000 after buying an additional 1,346 shares during the last quarter. Finally, Mirador Capital Partners LP grew its position in Endeavor Group by 6.7% during the third quarter. Mirador Capital Partners LP now owns 26,265 shares of the company's stock valued at $750,000 after buying an additional 1,655 shares during the period. Hedge funds and other institutional investors own 74.99% of the company's stock.

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.