Endeavor Group (NYSE:EDR) Sees Large Volume Increase – Still a Buy?

Endeavor Group Holdings, Inc. (NYSE:EDR) shares saw unusually-high trading volume on Thursday . Approximately 988,937 shares changed hands during mid-day trading, an increase of 32% from the previous session’s volume of 747,712 shares.The stock last traded at $30.35 and had previously closed at $30.32.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Endeavor Group from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.86.

Endeavor Group Stock Up 1.8 %

The stock has a market cap of $21.24 billion, a price-to-earnings ratio of -15.14 and a beta of 0.74. The firm’s fifty day moving average price is $30.43 and its two-hundred day moving average price is $28.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Announces Dividend

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

Insider Transactions at Endeavor Group

In other news, CAO William K. Fullerton sold 2,225 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total value of $68,040.50. Following the completion of the sale, the chief accounting officer now owns 53,124 shares in the company, valued at $1,624,531.92. This represents a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Patrick Whitesell purchased 60,208 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the acquisition, the insider now owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. The trade was a 3.60 % increase in their position. The disclosure for this purchase can be found here. 63.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Endeavor Group

Institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new position in Endeavor Group during the fourth quarter valued at $96,000. FMR LLC lifted its position in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after buying an additional 2,248 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Endeavor Group during the 4th quarter worth $233,000. Tidal Investments LLC grew its stake in shares of Endeavor Group by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after acquiring an additional 620 shares during the period. Finally, ProShare Advisors LLC purchased a new stake in Endeavor Group in the 2nd quarter worth about $255,000. 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.