Endeavor Group Holdings, Inc. (NYSE:EDR) Short Interest Down 9.6% in November

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) was the target of a large decline in short interest in 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. Based on an average trading volume of 2,470,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 5.3% of the shares of the stock are short sold.

Insider Transactions at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the sale, the chief executive officer now owns 1,831,247 shares of the company's stock, valued at $51,458,040.70. This represents a 7.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell acquired 60,208 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the purchase, the insider now owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 225,272 shares of company stock valued at $6,372,925 in the last quarter. 63.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Endeavor Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Longfellow Investment Management Co. LLC bought a new position in Endeavor Group during the 2nd quarter worth approximately $75,000. SG Americas Securities LLC bought a new position in Endeavor Group during the second quarter worth $130,000. FMR LLC boosted its holdings in Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company's stock worth $159,000 after purchasing an additional 2,248 shares during the period. CIBC Asset Management Inc bought a new stake in Endeavor Group during the second quarter valued at $226,000. Finally, Tidal Investments LLC increased its stake in Endeavor Group by 7.9% during the third quarter. Tidal Investments LLC now owns 8,498 shares of the company's stock valued at $243,000 after purchasing an additional 620 shares during the last quarter. Institutional investors own 74.99% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Endeavor Group in a report on Monday, December 9th. They set a "sell" rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $27.86.

Endeavor Group Stock Up 0.1 %

Shares of EDR traded up $0.02 during mid-day trading on Friday, reaching $30.75. 1,358,674 shares of the stock traded hands, compared to its average volume of 3,347,155. The stock has a fifty day simple moving average of $29.56 and a 200 day simple moving average of $28.15. Endeavor Group has a 12-month low of $22.75 and a 12-month high of $30.83. 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 firm has a market cap of $21.04 billion, a price-to-earnings ratio of -15.00 and a beta of 0.76.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Monday, December 16th. Endeavor Group's dividend payout ratio (DPR) is currently -11.71%.

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.