Endeavor Group Holdings, Inc. (NYSE:EDR) Short Interest Down 22.1% in January

Endeavor Group Holdings, Inc. (NYSE:EDR) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 4,890,000 shares, a decrease of 22.1% from the January 15th total of 6,280,000 shares. Based on an average daily trading volume, of 1,810,000 shares, the short-interest ratio is currently 2.7 days. Approximately 2.3% of the company’s shares are sold short.

Endeavor Group Price Performance

Shares of EDR opened at $35.18 on Friday. Endeavor Group has a 52-week low of $23.14 and a 52-week high of $35.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $31.29 and its two-hundred day moving average is $29.49.

Endeavor Group Dividend Announcement

The business 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 annualized dividend and a yield of 0.68%. Endeavor Group’s dividend payout ratio is currently -11.71%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EDR. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday. StockNews.com cut Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.86.

Insider Transactions at Endeavor Group

In other news, CAO William K. Fullerton sold 2,225 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total value 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 represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Whitesell bought 263,200 shares of Endeavor Group stock in a transaction that occurred on Monday, December 16th. The shares were acquired 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 represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 1,535,485 shares of company stock worth $239,160,243 in the last ninety days. Insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors have recently modified their holdings of EDR. Vanguard Group Inc. raised its stake in Endeavor Group by 8.3% during the fourth quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock valued at $475,166,000 after buying an additional 1,167,887 shares in the last quarter. Athos Capital Ltd lifted its stake in Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after purchasing an additional 4,447,000 shares during the last quarter. LMR Partners LLP boosted its holdings 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 period. First Trust Advisors LP increased its stake in Endeavor Group by 15.8% during the fourth quarter. First Trust Advisors LP now owns 2,640,849 shares of the company’s stock valued at $82,632,000 after purchasing an additional 360,198 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Endeavor Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,088,210 shares of the company’s stock worth $65,370,000 after purchasing an additional 10,323 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.

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.