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

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 4,890,000 shares, a drop of 22.1% from the January 15th total of 6,280,000 shares. Currently, 2.3% of the company's stock are sold short. Based on an average trading volume of 1,810,000 shares, the short-interest ratio is presently 2.7 days.

Insiders Place Their Bets

In other news, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the sale, the chief accounting officer now directly owns 53,255 shares in the company, valued at approximately $1,659,958.35. This represents a 11.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell acquired 263,200 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the purchase, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 1,535,485 shares of company stock valued at $239,160,243 in the last ninety days. Corporate insiders own 63.90% of the company's stock.

Institutional Trading of Endeavor Group

A number of hedge funds and other institutional investors have recently modified their holdings of EDR. Toronto Dominion Bank acquired a new stake in Endeavor Group in the fourth quarter worth about $289,205,000. Athos Capital Ltd grew its holdings in shares of Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company's stock valued at $220,460,000 after buying an additional 4,447,000 shares during the period. Steadfast Capital Management LP raised its stake in Endeavor Group by 207.9% during the 4th quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company's stock worth $113,948,000 after buying an additional 2,458,800 shares during the period. Madison Avenue Partners LP raised its position in shares of Endeavor Group by 228.3% during the fourth quarter. Madison Avenue Partners LP now owns 2,397,658 shares of the company's stock worth $75,023,000 after purchasing an additional 1,667,398 shares during the period. Finally, Polar Asset Management Partners Inc. increased its stake in Endeavor Group by 300.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company's stock worth $57,120,000 after purchasing an additional 1,500,000 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EDR shares. StockNews.com cut shares of Endeavor Group from a "hold" rating to a "sell" rating in a report on Monday, February 10th. Seaport Res Ptn cut Endeavor Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $27.86.

Endeavor Group Price Performance

EDR stock traded up $0.22 during midday trading on Wednesday, reaching $30.87. 286,228 shares of the company's stock traded hands, compared to its average volume of 1,952,417. 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 company has a market cap of $21.12 billion, a price-to-earnings ratio of -15.06 and a beta of 0.74. The company has a 50-day simple moving average of $31.39 and a two-hundred day simple moving average of $29.60. Endeavor Group has a 1-year low of $23.14 and a 1-year high of $35.99.

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. Endeavor Group's payout ratio is -11.71%.

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.