Short Interest in Endeavor Group Holdings, Inc. (NYSE:EDR) Decreases By 23.3%

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 7,640,000 shares, a decrease 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 presently 4.4 days. Currently, 3.6% of the company’s stock are sold short.

Endeavor Group Stock Performance

Shares of Endeavor Group stock traded up $0.56 during trading on Friday, reaching $31.04. The company’s stock had a trading volume of 8,369,319 shares, compared to its average volume of 1,239,803. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group has a fifty-two week low of $22.77 and a fifty-two week high of $31.49. The company has a 50-day moving average price of $30.43 and a two-hundred day moving average price of $28.85. The firm has a market cap of $21.24 billion, a PE ratio of -15.14 and a beta of 0.74.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Insider Activity

In other news, CAO William K. Fullerton sold 2,225 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total transaction of $68,040.50. Following the sale, the chief accounting officer now directly owns 53,124 shares of the company’s stock, valued at $1,624,531.92. This represents a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Patrick Whitesell purchased 60,208 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the acquisition, the insider now owns 1,734,530 shares in the company, valued at $249,303,996.90. This represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

A number of hedge funds have recently added to or reduced their stakes in EDR. FNY Investment Advisers LLC acquired a new stake in shares of Endeavor Group in the fourth quarter valued at about $96,000. FMR LLC lifted its position in shares of 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 acquiring an additional 2,248 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Endeavor Group in the 4th quarter worth approximately $233,000. Tidal Investments LLC raised its holdings in Endeavor Group by 7.9% during 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 purchased a new position in shares of Endeavor Group in the second quarter valued at $255,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Endeavor Group from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, 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.