Endeavor Group Holdings, Inc. (NYSE:EDR) Short Interest Update

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 11,660,000 shares, an increase of 138.4% from the January 31st total of 4,890,000 shares. Based on an average trading volume of 1,760,000 shares, the short-interest ratio is currently 6.6 days. Currently, 5.5% of the company’s shares are sold short.

Insider Transactions at Endeavor Group

In other news, CAO William K. Fullerton sold 2,225 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total transaction of $68,040.50. Following the completion of the sale, the chief accounting officer now owns 53,124 shares of the company’s stock, valued at $1,624,531.92. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Patrick Whitesell bought 263,200 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the transaction, the insider now directly owns 418,587 shares in the company, valued at $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,535,485 shares of company stock valued at $239,160,243 and sold 146,905 shares valued at $4,418,864. Corporate insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Palliser Capital UK Ltd grew its position in Endeavor Group by 230.0% in the 3rd quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock worth $35,336,000 after purchasing an additional 862,380 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Endeavor Group in the third quarter valued at approximately $453,000. GSA Capital Partners LLP purchased a new stake in shares of Endeavor Group during the third quarter valued at approximately $364,000. Quest Partners LLC bought a new stake in Endeavor Group during the third quarter worth $2,001,000. Finally, LMR Partners LLP boosted its position in Endeavor Group by 41.6% in 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. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Endeavor Group Stock Up 4.2 %

Shares of EDR stock traded up $1.29 during trading hours on Friday, reaching $32.05. The company had a trading volume of 964,027 shares, compared to its average volume of 1,690,828. The business has a fifty day simple moving average of $31.39 and a 200-day simple moving average of $29.78. Endeavor Group has a 12 month low of $23.51 and a 12 month high of $35.99. The company has a market cap of $21.93 billion, a price-to-earnings ratio of -15.63 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group’s dividend payout ratio is -9.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EDR shares. StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.