Endeavor Group Holdings, Inc. (NYSE:EDR) Sees Large Decline in Short Interest

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 13,540,000 shares, a decline of 5.6% from the October 15th total of 14,340,000 shares. Based on an average daily trading volume, of 3,090,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 6.9% of the company's shares are short sold.

Endeavor Group Trading Up 0.4 %

NYSE EDR traded up $0.12 on Monday, hitting $29.10. The company's stock had a trading volume of 898,040 shares, compared to its average volume of 3,479,753. Endeavor Group has a 52-week low of $22.64 and a 52-week high of $29.67. The company has a current ratio of 0.63, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. The company's 50-day simple moving average is $28.75 and its 200 day simple moving average is $27.67. The firm has a market cap of $19.91 billion, a P/E ratio of -14.20 and a beta of 0.77.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, September 16th. Endeavor Group's payout ratio is presently -11.71%.

Insider Buying and Selling at Endeavor Group

In other news, CEO Ariel Emanuel sold 27,816 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $28.01, for a total transaction of $779,126.16. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,293,228.47. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 225,272 shares of company stock valued at $6,372,925. 63.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EDR. Sei Investments Co. bought a new position in Endeavor Group during the 1st quarter valued at about $644,000. Russell Investments Group Ltd. lifted its stake in Endeavor Group by 2.3% during the 1st quarter. Russell Investments Group Ltd. now owns 264,532 shares of the company's stock valued at $6,806,000 after acquiring an additional 5,933 shares during the period. Vanguard Group Inc. lifted its stake in Endeavor Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 13,683,577 shares of the company's stock valued at $352,078,000 after acquiring an additional 219,384 shares during the period. Gabelli Funds LLC lifted its stake in Endeavor Group by 125.0% during the 1st quarter. Gabelli Funds LLC now owns 71,899 shares of the company's stock valued at $1,850,000 after acquiring an additional 39,950 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Endeavor Group by 99.0% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 58,300 shares of the company's stock valued at $1,500,000 after acquiring an additional 29,000 shares during the period. Hedge funds and other institutional investors own 71.37% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Endeavor Group in a report on Friday. They set a "hold" rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Endeavor Group has a consensus rating of "Hold" and a consensus target price 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.