Endeavor Group (NYSE:EDR) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) saw strong trading volume on Friday . 4,495,279 shares changed hands during mid-day trading, an increase of 22% from the previous session’s volume of 3,696,064 shares.The stock last traded at $29.26 and had previously closed at $29.27.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Endeavor Group in a research note on Sunday, October 6th. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.86.

Endeavor Group Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a fifty day moving average of $27.83 and a 200 day moving average of $27.11. The company has a market capitalization of $20.05 billion, a PE ratio of -20.32 and a beta of 0.78.

Endeavor Group (NYSE:EDR) last issued its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. As a group, sell-side analysts predict that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.06 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. Endeavor Group’s dividend payout ratio is presently -16.67%.

Insider Buying and Selling

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Ariel Emanuel sold 149,280 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the transaction, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,551,501.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 246,104 shares of company stock valued at $6,941,222 in the last ninety days. 63.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

Institutional investors have recently bought and sold shares of the company. Longfellow Investment Management Co. LLC acquired a new stake in Endeavor Group in the second quarter worth about $75,000. PNC Financial Services Group Inc. grew its position in Endeavor Group by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after purchasing an additional 399 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Endeavor Group during the 1st quarter valued at approximately $102,000. SG Americas Securities LLC purchased a new position in shares of Endeavor Group in the second quarter worth $130,000. Finally, CIBC Asset Management Inc acquired a new stake in Endeavor Group during the 2nd quarter worth about $226,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.

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.