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

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of unusually large options trading on Thursday. Traders bought 28,256 put options on the stock. This is an increase of 990% compared to the average volume of 2,592 put options.

Insider Buying and Selling

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 63.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Endeavor Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Clearbridge Investments LLC grew its stake in Endeavor Group by 5.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,527,575 shares of the company’s stock valued at $107,439,000 after acquiring an additional 226,724 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Endeavor Group during the 4th quarter worth approximately $177,000. Bank of Nova Scotia purchased a new stake in shares of Endeavor Group in the fourth quarter valued at approximately $380,000. DLD Asset Management LP acquired a new stake in shares of Endeavor Group in the fourth quarter valued at approximately $522,000. Finally, Kodai Capital Management LP purchased a new position in Endeavor Group during the fourth quarter worth approximately $24,037,000. 71.37% of the stock is owned by hedge funds and other institutional investors.

Endeavor Group Stock Up 1.3 %

EDR opened at $28.08 on Friday. The company has a market cap of $19.46 billion, a PE ratio of 50.91 and a beta of 0.77. Endeavor Group has a twelve month low of $17.65 and a twelve month high of $28.10. The company has a 50-day moving average price of $27.43 and a 200 day moving average price of $26.71. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. Sell-side analysts expect that Endeavor Group will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Monday, September 16th. Endeavor Group’s dividend payout ratio (DPR) is 43.64%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Endeavor Group in a research report on Friday. They set a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Endeavor Group currently has a consensus rating of “Hold” and a consensus target price of $27.86.

About Endeavor Group

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.