Endeavor Group Holdings, Inc. (NYSE:EDR) Short Interest Down 5.6% in October

Endeavor Group Holdings, Inc. (NYSE:EDR) was the target of a large decline in short interest during 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. Approximately 6.9% of the shares of the company are short sold. Based on an average daily volume of 3,090,000 shares, the short-interest ratio is presently 4.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a research report on Friday. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.86.

Insider Buying and Selling

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. The trade was a 7.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 225,272 shares of company stock valued at $6,372,925. Insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Institutional investors have recently added to or reduced their stakes in the stock. Longfellow Investment Management Co. LLC bought a new position in shares of Endeavor Group during the 2nd quarter worth approximately $75,000. DekaBank Deutsche Girozentrale bought a new position in shares of Endeavor Group during the first quarter valued at $102,000. SG Americas Securities LLC acquired a new stake in shares of Endeavor Group in the 2nd quarter valued at $130,000. FMR LLC grew its holdings in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after purchasing an additional 2,248 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Endeavor Group during the 2nd quarter worth about $226,000. 71.37% of the stock is owned by institutional investors and hedge funds.

Endeavor Group Trading Up 0.5 %

Shares of Endeavor Group stock opened at $28.98 on Monday. The company’s fifty day moving average price is $28.72 and its two-hundred day moving average price is $27.66. The firm has a market capitalization of $19.83 billion, a PE ratio of -14.14 and a beta of 0.77. Endeavor Group has a 52-week low of $22.64 and a 52-week high of $29.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.62.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.83%. The ex-dividend date was Monday, September 16th. Endeavor Group’s dividend payout ratio (DPR) is presently -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.