Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Acquires $15,634,645.88 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 108,476 shares of Endeavor Group stock in a transaction dated Tuesday, January 21st. The shares were bought at an average price of $144.13 per share, with a total value of $15,634,645.88. Following the completion of the transaction, the insider now owns 915,852 shares in the company, valued at approximately $132,001,748.76. This trade represents a 13.44 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Patrick Whitesell also recently made the following trade(s):

• On Friday, January 17th, Patrick Whitesell bought 125,589 shares of Endeavor Group stock. The shares were acquired at an average price of $143.06 per share, with a total value of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of Endeavor Group stock. The stock was acquired at an average price of $146.97 per share, for a total transaction of $38,682,504.00.
• On Thursday, December 12th, Patrick Whitesell acquired 60,208 shares of Endeavor Group stock. The shares were bought at an average price of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Stock Up 2.1 %

Shares of NYSE:EDR opened at $31.56 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of -15.40 and a beta of 0.74. The stock’s 50-day moving average price is $30.61 and its two-hundred day moving average price is $28.97. Endeavor Group Holdings, Inc. has a 12-month low of $23.14 and a 12-month high of $31.76.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a $0.06 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.76%. Endeavor Group’s dividend payout ratio is presently -11.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Endeavor Group from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Endeavor Group currently has a consensus rating of “Hold” and a consensus target price of $27.86.

Hedge Funds Weigh In On Endeavor Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Athos Capital Ltd boosted its holdings in shares of Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after purchasing an additional 4,447,000 shares during the last quarter. Glazer Capital LLC acquired a new position in Endeavor Group in the second quarter valued at $49,017,000. Polar Asset Management Partners Inc. grew its position in Endeavor Group by 300.0% during the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after acquiring an additional 1,500,000 shares during the period. LMR Partners LLP increased its stake in Endeavor Group by 41.6% during the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after acquiring an additional 1,290,867 shares during the last quarter. Finally, Water Island Capital LLC purchased a new position in shares of Endeavor Group in the 2nd quarter worth about $28,497,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

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.