Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Acquires 117,769 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 117,769 shares of Endeavor Group stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the acquisition, the insider now owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. This represents a 4.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 Monday, February 10th, Patrick Whitesell acquired 116,256 shares of Endeavor Group stock. The shares were acquired at an average cost of $172.03 per share, for a total transaction of $19,999,519.68.
• On Friday, February 7th, Patrick Whitesell bought 177,861 shares of Endeavor Group stock. The shares were bought at an average price of $165.99 per share, with a total value of $29,523,147.39.
• On Wednesday, February 5th, Patrick Whitesell purchased 81,019 shares of Endeavor Group stock. The stock was bought at an average price of $159.72 per share, for a total transaction of $12,940,354.68.
• On Friday, January 31st, Patrick Whitesell acquired 80,758 shares of Endeavor Group stock. The shares were bought at an average price of $156.79 per share, with a total value of $12,662,046.82.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of Endeavor Group stock. The stock was bought at an average price of $157.79 per share, for a total transaction of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell purchased 99,996 shares of Endeavor Group stock. The shares were purchased at an average cost of $156.60 per share, with a total value of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell acquired 89,234 shares of Endeavor Group stock. The shares were purchased at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of Endeavor Group stock. The stock was purchased at an average cost of $150.92 per share, for a total transaction of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell acquired 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 Tuesday, January 21st, Patrick Whitesell bought 108,476 shares of Endeavor Group stock. The shares were acquired at an average price of $144.13 per share, for a total transaction of $15,634,645.88.

Endeavor Group Stock Performance

Shares of EDR stock opened at $34.78 on Thursday. The business has a fifty day moving average of $31.09 and a 200 day moving average of $29.39. Endeavor Group Holdings, Inc. has a 1 year low of $23.14 and a 1 year high of $34.89. 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 firm has a market capitalization of $23.80 billion, a price-to-earnings ratio of -16.97 and a beta of 0.74.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Monday, December 16th. Endeavor Group’s payout ratio is -11.71%.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors and hedge funds have recently modified their holdings of EDR. Athos Capital Ltd increased its holdings in Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after buying an additional 4,447,000 shares during the period. Polar Asset Management Partners Inc. increased its stake in shares of Endeavor Group by 300.0% in the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock worth $57,120,000 after acquiring an additional 1,500,000 shares during the period. LMR Partners LLP raised its holdings in shares of 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 purchasing an additional 1,290,867 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Endeavor Group by 8.3% during the fourth quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock worth $475,166,000 after purchasing an additional 1,167,887 shares during the last quarter. Finally, Whitefort Capital Management LP acquired a new position in Endeavor Group during the third quarter valued at $28,560,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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.