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

Endeavor Group Holdings, Inc. (NYSE:EDR) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 7,640,000 shares, a decline of 23.3% from the December 15th total of 9,960,000 shares. Based on an average daily volume of 1,750,000 shares, the short-interest ratio is currently 4.4 days. Approximately 3.6% of the company’s shares are sold short.

Insiders Place Their Bets

In other Endeavor Group news, major shareholder Patrick Whitesell purchased 263,200 shares of Endeavor Group 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 acquisition, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the sale, the chief accounting officer now owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. This trade represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. 63.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in Endeavor Group during the fourth quarter worth $96,000. FMR LLC grew its holdings in Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Endeavor Group during the 4th quarter worth approximately $233,000. Tidal Investments LLC grew its holdings in shares of Endeavor Group by 7.9% in the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after purchasing an additional 620 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in Endeavor Group in the 2nd quarter worth about $255,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Endeavor Group from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.86.

Endeavor Group Price Performance

Endeavor Group stock traded up $0.56 during mid-day trading on Friday, hitting $31.04. The stock had a trading volume of 8,369,319 shares, compared to its average volume of 1,239,803. Endeavor Group has a one year low of $22.77 and a one year high of $31.49. 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 firm has a market capitalization of $21.24 billion, a P/E ratio of -15.14 and a beta of 0.74. The firm’s 50 day moving average is $30.43 and its 200 day moving average is $28.85.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.77%. Endeavor Group’s payout ratio is -11.71%.

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.