Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Acquires 99,996 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 99,996 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of $156.60 per share, for a total transaction of $15,659,373.60. Following the transaction, the insider now owns 1,539,589 shares of the company’s stock, valued at approximately $241,099,637.40. The trade was a 6.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 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 Monday, January 27th, Patrick Whitesell bought 89,234 shares of Endeavor Group stock. The shares were acquired at an average price of $153.18 per share, for a total transaction of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of Endeavor Group stock. The shares were bought at an average price of $150.92 per share, with a total value of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell acquired 125,589 shares of Endeavor Group stock. The stock was bought at an average cost of $143.06 per share, for a total transaction of $17,966,762.34.
• On Tuesday, January 21st, Patrick Whitesell bought 108,476 shares of Endeavor Group stock. The shares were bought at an average cost of $144.13 per share, with a total value of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of Endeavor Group stock. The stock was bought at an average cost 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 purchased at an average cost of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Stock Performance

Shares of NYSE:EDR traded up $0.64 during trading on Thursday, hitting $31.03. 1,034,038 shares of the company were exchanged, compared to its average volume of 2,748,396. Endeavor Group Holdings, Inc. has a 52-week low of $23.14 and a 52-week high of $32.28. The stock has a 50 day moving average of $30.75 and a 200 day moving average of $29.07. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $21.23 billion, a PE ratio of -15.14 and a beta of 0.74.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid 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 dividend payout ratio is currently -11.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Athos Capital Ltd grew its position in Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after acquiring an additional 4,447,000 shares during the last quarter. Polar Asset Management Partners Inc. grew its holdings in shares of Endeavor Group by 300.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after purchasing an additional 1,500,000 shares during the last quarter. LMR Partners LLP raised its position in Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after purchasing an additional 1,290,867 shares during the period. Whitefort Capital Management LP bought a new stake in Endeavor Group in the third quarter worth $28,560,000. Finally, Palliser Capital UK Ltd boosted its position in Endeavor Group by 230.0% during the third quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock valued at $35,336,000 after buying an additional 862,380 shares during the period. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Endeavor Group from a “sell” rating to a “hold” rating in a research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.86.

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.