Endeavor Group Sees Unusually High Options Volume (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) was the target of unusually large options trading activity on Thursday. Stock traders acquired 28,256 put options on the stock. This represents an increase of 990% compared to the typical daily volume of 2,592 put options.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Endeavor Group in a report on Thursday, September 12th. They set a "hold" rating on the stock. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $27.86.

Insiders Place Their Bets

In related news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the transaction, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,551,501.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 63.90% of the company's stock.

Institutional Trading of Endeavor Group

Institutional investors have recently modified their holdings of the company. Longfellow Investment Management Co. LLC purchased a new position in Endeavor Group in the 2nd quarter worth $75,000. PNC Financial Services Group Inc. lifted its position in Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company's stock worth $76,000 after buying an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Endeavor Group during the 1st quarter worth $102,000. SG Americas Securities LLC purchased a new position in Endeavor Group during the second quarter worth about $130,000. Finally, Quest Partners LLC purchased a new stake in shares of Endeavor Group during the 4th quarter valued at approximately $177,000. 71.37% of the stock is currently owned by institutional investors.

Endeavor Group Stock Up 0.2 %

Shares of EDR traded up $0.06 during midday trading on Thursday, reaching $27.71. 5,837,076 shares of the stock were exchanged, compared to its average volume of 3,724,039. The company has a market capitalization of $19.20 billion, a P/E ratio of 50.38 and a beta of 0.77. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $27.71. The company's 50 day moving average is $27.42 and its two-hundred day moving average is $26.70.

Endeavor Group (NYSE:EDR - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.87 billion. On average, sell-side analysts anticipate that Endeavor Group will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.87%. Endeavor Group's dividend payout ratio is presently 43.64%.

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.