Endeavor Group Holdings, Inc. (NYSE:EDR) Short Interest Down 23.3% in December

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 7,640,000 shares, a decline of 23.3% from the December 15th total of 9,960,000 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average daily volume of 1,750,000 shares, the short-interest ratio is presently 4.4 days.

Endeavor Group Stock Up 1.8 %

EDR stock opened at $31.04 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The company has a fifty day moving average of $30.39 and a 200-day moving average of $28.82. Endeavor Group has a one year low of $22.77 and a one year high of $31.49. The stock has a market capitalization of $21.24 billion, a PE ratio of -15.14 and a beta of 0.74.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Monday, December 16th. Endeavor Group’s dividend payout ratio is presently -11.71%.

Insider Buying and Selling

In other Endeavor Group news, CAO William K. Fullerton sold 2,225 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total transaction of $68,040.50. Following the sale, the chief accounting officer now owns 53,124 shares of the company’s stock, valued at approximately $1,624,531.92. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Whitesell bought 263,200 shares of the stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the acquisition, the insider now owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. Insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Endeavor Group by 15.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 964,389 shares of the company’s stock worth $26,066,000 after acquiring an additional 132,312 shares during the period. XTX Topco Ltd acquired a new stake in Endeavor Group during the 2nd quarter valued at $1,014,000. Sei Investments Co. increased its position in Endeavor Group by 90.5% during the second quarter. Sei Investments Co. now owns 47,653 shares of the company’s stock worth $1,288,000 after buying an additional 22,637 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of Endeavor Group in the second quarter worth $255,000. Finally, Gabelli Funds LLC lifted its position in shares of Endeavor Group by 920.0% in the second quarter. Gabelli Funds LLC now owns 733,384 shares of the company’s stock valued at $19,823,000 after acquiring an additional 661,485 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Endeavor Group from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.