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

Endeavor Group Holdings, Inc. (NYSE:EDRGet Free Report) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 44,881 call options on the stock. This is an increase of 127% compared to the average volume of 19,800 call options.

Insider Transactions at Endeavor Group

In other news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.71, for a total value of $514,758.72. Following the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,216,920.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.71, for a total transaction of $514,758.72. Following the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,216,920.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William K. Fullerton sold 1,148 shares of Endeavor Group stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $23.22, for a total transaction of $26,656.56. Following the transaction, the chief accounting officer now directly owns 82,394 shares in the company, valued at $1,913,188.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 177,781 shares of company stock valued at $4,322,060. Corporate insiders own 82.08% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

A number of institutional investors and hedge funds have recently made changes to their positions in EDR. Raymond James & Associates grew its stake in Endeavor Group by 20.9% in the 1st quarter. Raymond James & Associates now owns 52,291 shares of the company’s stock valued at $1,544,000 after acquiring an additional 9,034 shares during the last quarter. BlackRock Inc. grew its stake in Endeavor Group by 2,528.7% in the 1st quarter. BlackRock Inc. now owns 22,423 shares of the company’s stock valued at $663,000 after acquiring an additional 21,570 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Endeavor Group in the 1st quarter valued at about $475,000. Vanguard Group Inc. grew its stake in Endeavor Group by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 10,031,273 shares of the company’s stock valued at $296,123,000 after acquiring an additional 70,123 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in Endeavor Group by 10.3% in the 1st quarter. Clearbridge Investments LLC now owns 2,512,064 shares of the company’s stock valued at $74,156,000 after acquiring an additional 233,683 shares during the last quarter. 71.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EDR shares. TD Cowen lifted their price target on shares of Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.33.

Get Our Latest Report on Endeavor Group

Endeavor Group Trading Up 2.0 %

NYSE EDR opened at $25.80 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $26.26. The stock has a market capitalization of $17.87 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The firm has a 50 day moving average of $24.71 and a two-hundred day moving average of $23.36.

Endeavor Group (NYSE:EDRGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. As a group, research analysts expect that Endeavor Group will post 0.9 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 annualized dividend and a yield of 0.93%. Endeavor Group’s dividend payout ratio is currently 23.08%.

About Endeavor Group

(Get Free Report)

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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