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

Endeavor Group Holdings, Inc. (NYSE:EDR) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 14,340,000 shares, a decline of 7.4% from the September 30th total of 15,480,000 shares. Approximately 7.4% of the shares of the company are sold short. Based on an average trading volume of 3,350,000 shares, the days-to-cover ratio is currently 4.3 days.

Insider Activity

In related news, CEO Ariel Emanuel sold 27,816 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at approximately $51,293,228.47. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 225,272 shares of company stock valued at $6,372,925. 63.90% of the stock is owned by company insiders.

Institutional Trading of Endeavor Group

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Endeavor Group by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 13,683,577 shares of the company’s stock worth $352,078,000 after purchasing an additional 219,384 shares during the period. Pentwater Capital Management LP lifted its holdings in Endeavor Group by 457.0% in the second quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock valued at $356,796,000 after buying an additional 10,830,000 shares during the period. Davidson Kempner Capital Management LP bought a new stake in Endeavor Group during the second quarter valued at $205,038,000. Steadfast Capital Management LP grew its holdings in Endeavor Group by 17.9% during the 1st quarter. Steadfast Capital Management LP now owns 2,523,860 shares of the company’s stock worth $64,939,000 after acquiring an additional 384,000 shares during the period. Finally, Glazer Capital LLC bought a new position in shares of Endeavor Group in the 2nd quarter worth about $49,017,000. 71.37% of the stock is currently owned by institutional investors.

Endeavor Group Price Performance

EDR stock remained flat at $29.49 during midday trading on Friday. The company had a trading volume of 977,889 shares, compared to its average volume of 3,604,213. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The company has a market cap of $20.18 billion, a PE ratio of -20.49 and a beta of 0.78. Endeavor Group has a twelve month low of $22.64 and a twelve month high of $29.67. The firm has a 50 day moving average of $28.38 and a two-hundred day moving average of $27.44.

Endeavor Group (NYSE:EDR) last posted its earnings results on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.06). The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.87 billion. Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. As a group, analysts anticipate that Endeavor Group will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors 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 0.81%. The ex-dividend date was Monday, September 16th. Endeavor Group’s dividend payout ratio is currently -16.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a research report on Wednesday. They issued a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.