Endeavor Group (NYSE:EDR) Sets New 12-Month High – Here’s What Happened

Endeavor Group Holdings, Inc. (NYSE:EDR)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $29.84 and last traded at $29.78, with a volume of 823754 shares trading hands. The stock had previously closed at $29.55.

Analysts Set New Price Targets

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

Endeavor Group Trading Up 0.8 %

The company has a 50 day moving average of $28.90 and a 200 day moving average of $27.75. 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 stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of -14.53 and a beta of 0.77.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, September 16th. Endeavor Group’s dividend payout ratio is currently -11.71%.

Insider Buying and Selling

In related news, CEO Ariel Emanuel sold 48,176 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total value of $1,399,031.04. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at approximately $53,179,412.88. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is owned by insiders.

Institutional Trading of Endeavor Group

Several large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in shares of Endeavor Group during the 3rd quarter valued at about $602,000. Geode Capital Management LLC boosted its holdings in Endeavor Group by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after purchasing an additional 79,212 shares during the last quarter. Barclays PLC boosted its holdings in Endeavor Group by 5,247.7% in the 3rd quarter. Barclays PLC now owns 318,188 shares of the company’s stock valued at $9,087,000 after purchasing an additional 312,238 shares during the last quarter. XTX Topco Ltd grew its stake in shares of Endeavor Group by 142.3% in the 3rd quarter. XTX Topco Ltd now owns 90,867 shares of the company’s stock valued at $2,595,000 after buying an additional 53,370 shares during the period. Finally, Whitefort Capital Management LP acquired a new stake in shares of Endeavor Group during the 3rd quarter worth approximately $28,560,000. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

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.