Endeavor Group (NYSE:EDR) Hits New 1-Year High – Here’s Why

Endeavor Group Holdings, Inc. (NYSE:EDR)’s share price reached a new 52-week high on Thursday . The company traded as high as $31.46 and last traded at $31.45, with a volume of 230835 shares traded. The stock had previously closed at $31.29.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Stock Down 0.2 %

The firm’s 50-day simple moving average is $30.15 and its 200-day simple moving average is $28.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $21.35 billion, a price-to-earnings ratio of -15.22 and a beta of 0.76.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given 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 was Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 263,200 shares of Endeavor Group stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the acquisition, the insider now owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ariel Emanuel sold 48,176 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total transaction 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 approximately $53,179,412.88. The trade was a 2.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

A number of large investors have recently bought and sold shares of EDR. CIBC Asset Management Inc acquired a new position in Endeavor Group in the second quarter valued at about $226,000. Arizona State Retirement System boosted its holdings in shares of Endeavor Group by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after acquiring an additional 898 shares in the last quarter. Longfellow Investment Management Co. LLC bought a new stake in Endeavor Group during the 2nd quarter worth approximately $75,000. Headlands Technologies LLC bought a new position in Endeavor Group in the 2nd quarter valued at $1,670,000. Finally, Vest Financial LLC boosted its stake in Endeavor Group by 24.4% in the second quarter. Vest Financial LLC now owns 41,188 shares of the company’s stock worth $1,113,000 after purchasing an additional 8,071 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors.

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.