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

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) 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. Currently, 3.6% of the company's stock are short sold. Based on an average daily trading volume, of 1,750,000 shares, the short-interest ratio is currently 4.4 days.

Insider Buying and Selling

In other news, major shareholder Patrick Whitesell acquired 263,200 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the transaction, the insider now directly owns 418,587 shares of the company's stock, valued at $61,519,731.39. This trade represents a 169.38 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William K. Fullerton sold 2,225 shares of the business's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total value of $68,040.50. Following the transaction, the chief accounting officer now directly owns 53,124 shares of the company's stock, valued at approximately $1,624,531.92. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. 63.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Endeavor Group

Several institutional investors have recently modified their holdings of EDR. Mirador Capital Partners LP boosted its position in Endeavor Group by 3.0% in the fourth quarter. Mirador Capital Partners LP now owns 27,057 shares of the company's stock worth $847,000 after purchasing an additional 792 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Endeavor Group during the 4th quarter valued at approximately $96,000. Everence Capital Management Inc. purchased a new position in Endeavor Group during the 4th quarter valued at approximately $233,000. Tidal Investments LLC grew its holdings in Endeavor Group by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company's stock valued at $243,000 after buying an additional 620 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Endeavor Group during the 3rd quarter valued at approximately $602,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Endeavor Group Trading Up 0.5 %

Shares of EDR traded up $0.14 during mid-day trading on Thursday, hitting $30.46. 1,981,140 shares of the company's stock traded hands, compared to its average volume of 857,714. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group has a 1 year low of $22.77 and a 1 year high of $31.49. The firm has a market capitalization of $20.84 billion, a P/E ratio of -14.86 and a beta of 0.74. The business's 50-day moving average price is $30.36 and its 200-day moving average price is $28.81.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.06 dividend. 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 0.79%. Endeavor Group's dividend payout ratio is currently -11.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Endeavor Group from a "sell" rating to a "hold" rating in a research report on Monday. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Endeavor Group presently has an average rating of "Hold" and a consensus price target 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.