Endeavor Group Holdings, Inc. (NYSE:EDR) Sees Significant Decline in Short Interest

Endeavor Group Holdings, Inc. (NYSE:EDR) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 11,130,000 shares, a decline of 9.6% from the November 15th total of 12,310,000 shares. Currently, 5.3% of the company’s shares are sold short. Based on an average daily volume of 2,470,000 shares, the short-interest ratio is presently 4.5 days.

Endeavor Group Stock Down 0.1 %

Endeavor Group stock traded down $0.04 during mid-day trading on Tuesday, reaching $31.01. 10,310,536 shares of the company’s stock were exchanged, compared to its average volume of 3,367,363. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group has a twelve month low of $22.75 and a twelve month high of $31.14. The company has a market cap of $21.22 billion, a P/E ratio of -15.13 and a beta of 0.76. The company has a fifty day moving average of $29.63 and a 200-day moving average of $28.21.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a $0.06 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Insiders Place Their Bets

In related news, major shareholder Patrick Whitesell bought 60,208 shares of the stock in a transaction on Thursday, December 12th. The stock was bought at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the purchase, the insider now directly owns 1,734,530 shares in the company, valued at $249,303,996.90. This represents a 3.60 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ariel Emanuel sold 27,816 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,293,228.47. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 225,272 shares of company stock valued at $6,372,925 over the last ninety days. Company insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in shares of Endeavor Group in the 2nd quarter valued at about $130,000. &PARTNERS grew its holdings in Endeavor Group by 3,331.5% during the 2nd quarter. &PARTNERS now owns 29,854 shares of the company’s stock worth $807,000 after acquiring an additional 28,984 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Endeavor Group by 28.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,723 shares of the company’s stock valued at $1,074,000 after purchasing an additional 8,859 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Endeavor Group in the 2nd quarter valued at $2,703,000. Finally, Pentwater Capital Management LP lifted its position in shares of Endeavor Group by 457.0% during the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after purchasing an additional 10,830,000 shares during the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Endeavor Group in a research note on Monday, December 9th. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Endeavor Group presently 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.