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

Endeavor Group Holdings, Inc. (NYSE:EDR) saw a significant 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 shares of the company are sold short.

Insider Activity

In other Endeavor Group news, major shareholder Patrick Whitesell bought 117,769 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the transaction, the insider now directly owns 2,579,437 shares in the company, valued at $452,433,249.80. This trade represents a 4.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Lublin sold 50,000 shares of Endeavor Group stock in a transaction on Monday, February 24th. The stock was sold at an average price of $29.98, for a total value of $1,499,000.00. Following the sale, the chief financial officer now owns 219,613 shares in the company, valued at $6,583,997.74. The trade was a 18.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,535,485 shares of company stock valued at $239,160,243 and sold 146,905 shares valued at $4,418,864. 63.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Endeavor Group

Several hedge funds have recently bought and sold shares of EDR. LMR Partners LLP boosted its holdings in Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares during the period. Geode Capital Management LLC boosted its stake in Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after buying an additional 79,212 shares during the period. Moran Wealth Management LLC bought a new position in Endeavor Group in the 3rd quarter worth about $2,870,000. Portfolio Design Labs LLC raised its holdings in shares of Endeavor Group by 42.7% in the 4th quarter. Portfolio Design Labs LLC now owns 139,243 shares of the company’s stock valued at $4,357,000 after acquiring an additional 41,665 shares in the last quarter. Finally, Athos Capital Ltd raised its holdings in shares of Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after acquiring an additional 4,447,000 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Endeavor Group Price Performance

Shares of NYSE EDR opened at $32.05 on Friday. The stock has a fifty day moving average of $31.39 and a 200-day moving average of $29.76. The stock has a market cap of $21.93 billion, a PE ratio of -15.63 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. Endeavor Group has a fifty-two week low of $23.51 and a fifty-two week high of $35.99.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, February 28th. Endeavor Group’s payout ratio is -11.71%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EDR. StockNews.com lowered 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 research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.86.

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.