Short Interest in Endeavor Group Holdings, Inc. (NYSE:EDR) Expands By 8.4%

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 16,130,000 shares, an increase of 8.4% from the August 31st total of 14,880,000 shares. Approximately 8.3% of the shares of the stock are short sold. Based on an average trading volume of 3,350,000 shares, the short-interest ratio is presently 4.8 days.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $779,126.16. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at $51,293,228.47. The disclosure for this sale can be found here. Insiders have sold a total of 197,928 shares of company stock valued at $5,542,191 in the last 90 days. Corporate insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Several hedge funds have recently made changes to their positions in the company. Bardin Hill Management Partners LP boosted its position in shares of Endeavor Group by 23.1% during the second quarter. Bardin Hill Management Partners LP now owns 673,889 shares of the company’s stock valued at $18,215,000 after purchasing an additional 126,237 shares in the last quarter. Bluefin Capital Management LLC boosted its position in shares of Endeavor Group by 138.0% during the second quarter. Bluefin Capital Management LLC now owns 50,000 shares of the company’s stock valued at $1,352,000 after purchasing an additional 181,421 shares in the last quarter. Maven Securities LTD bought a new stake in shares of Endeavor Group during the second quarter valued at approximately $2,268,000. Water Island Capital LLC bought a new stake in shares of Endeavor Group during the second quarter valued at approximately $28,497,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Endeavor Group during the second quarter valued at approximately $316,000. 71.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Endeavor Group in a research note on Saturday. They issued a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Trading Down 0.5 %

Shares of EDR stock traded down $0.15 during trading hours on Tuesday, reaching $28.41. The company’s stock had a trading volume of 3,393,427 shares, compared to its average volume of 3,729,263. The stock has a market capitalization of $19.68 billion, a P/E ratio of 51.65 and a beta of 0.77. Endeavor Group has a one year low of $17.65 and a one year high of $28.64. The firm’s fifty day simple moving average is $27.58 and its 200 day simple moving average is $26.94. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

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

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.84%. Endeavor Group’s dividend payout ratio is presently 43.64%.

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.