Endeavor Group Sees Unusually High Options Volume (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 24,596 put options on the stock. This is an increase of 392% compared to the typical volume of 4,996 put options.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Endeavor Group in a research report on Saturday, November 23rd. They set a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.86.

Endeavor Group Stock Up 0.5 %

EDR stock opened at $30.34 on Thursday. Endeavor Group has a 52 week low of $22.64 and a 52 week high of $30.42. 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 company has a market cap of $20.76 billion, a P/E ratio of -14.80 and a beta of 0.77. The company’s 50-day moving average price is $29.00 and its 200 day moving average price is $27.81.

Insider Buying and Selling

In other news, CEO Ariel Emanuel sold 149,280 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,458,040.70. The trade was a 7.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 225,272 shares of company stock valued at $6,372,925 over the last three months. 63.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

Institutional investors have recently modified their holdings of the company. Longfellow Investment Management Co. LLC purchased a new stake in shares of Endeavor Group in the 2nd quarter worth about $75,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Endeavor Group in the first quarter valued at about $102,000. SG Americas Securities LLC acquired a new stake in shares of Endeavor Group in the second quarter valued at approximately $130,000. FMR LLC increased its stake in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after purchasing an additional 2,248 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Endeavor Group during the 2nd quarter worth approximately $226,000. Hedge funds and other institutional investors own 71.37% 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.