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

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 11,660,000 shares, a growth of 138.4% from the January 31st total of 4,890,000 shares. Based on an average daily volume of 1,760,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 5.5% of the company's shares are sold short.

Insider Activity at Endeavor Group

In other news, CAO Seth D. Krauss sold 13,280 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $30.03, for a total value of $398,798.40. Following the transaction, the chief accounting officer now owns 101,116 shares of the company's stock, valued at $3,036,513.48. This represents a 11.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO William K. Fullerton sold 2,225 shares of the firm'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 sale, the chief accounting officer now directly owns 53,124 shares of the company's stock, valued at $1,624,531.92. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 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 insiders.

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Hedge Funds Weigh In On Endeavor Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC raised its stake in Endeavor Group by 2.0% in the fourth quarter. Guggenheim Capital LLC now owns 15,276 shares of the company's stock valued at $478,000 after buying an additional 304 shares in the last quarter. Fifth Lane Capital LP boosted its position in shares of Endeavor Group by 0.3% during the 4th quarter. Fifth Lane Capital LP now owns 110,364 shares of the company's stock worth $3,453,000 after acquiring an additional 364 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Endeavor Group by 5.1% in the 4th quarter. Tidal Investments LLC now owns 8,930 shares of the company's stock valued at $279,000 after buying an additional 432 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Endeavor Group by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 9,108 shares of the company's stock valued at $285,000 after buying an additional 447 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Endeavor Group by 5.3% in the fourth quarter. Invesco Ltd. now owns 10,044 shares of the company's stock valued at $314,000 after acquiring an additional 505 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EDR shares. Seaport Res Ptn lowered shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 11th. StockNews.com cut Endeavor Group from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Endeavor Group has an average rating of "Hold" and an average price target of $27.86.

Endeavor Group Stock Up 0.0 %

Shares of NYSE EDR traded up $0.01 during mid-day trading on Wednesday, hitting $28.86. The company had a trading volume of 1,851,947 shares, compared to its average volume of 1,865,668. The company has a market capitalization of $19.74 billion, a PE ratio of -14.08 and a beta of 0.74. The business's 50-day simple moving average is $31.30 and its 200 day simple moving average is $29.82. Endeavor Group has a 1-year low of $24.21 and a 1-year high of $35.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, February 28th. Endeavor Group's payout ratio is presently -9.02%.

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.