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

Endeavor Group Holdings, Inc. (NYSE:EDR) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 5,510,000 shares, a decrease of 9.7% from the March 31st total of 6,100,000 shares. Based on an average daily volume of 4,610,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.9% of the company’s stock are short sold.

Insiders Place Their Bets

In related news, CAO Seth D. Krauss sold 17,950 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $432,236.00. Following the sale, the chief accounting officer now owns 62,055 shares in the company, valued at approximately $1,494,284.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Seth D. Krauss sold 17,950 shares of Endeavor Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $432,236.00. Following the completion of the transaction, the chief accounting officer now owns 62,055 shares of the company’s stock, valued at approximately $1,494,284.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Patrick Whitesell acquired 1,642,970 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were purchased at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the transaction, the insider now directly owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 176,633 shares of company stock worth $4,317,277. 82.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

Several institutional investors have recently modified their holdings of the stock. Morgan Stanley raised its stake in shares of Endeavor Group by 3.8% in the third quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock valued at $244,340,000 after acquiring an additional 454,790 shares during the period. Clearbridge Investments LLC raised its position in Endeavor Group by 2.4% in the 3rd quarter. Clearbridge Investments LLC now owns 4,300,851 shares of the company’s stock worth $85,587,000 after purchasing an additional 100,396 shares during the period. Vanguard Group Inc. lifted its stake in Endeavor Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock worth $291,559,000 after purchasing an additional 254,550 shares during the last quarter. FMR LLC lifted its stake in Endeavor Group by 3.7% in the third quarter. FMR LLC now owns 5,145,883 shares of the company’s stock worth $102,403,000 after purchasing an additional 184,212 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Endeavor Group by 10.3% during the third quarter. Bank of New York Mellon Corp now owns 281,396 shares of the company’s stock valued at $5,600,000 after buying an additional 26,178 shares during the period. 71.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $27.50 price target (down from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. UBS Group reiterated a “neutral” rating and set a $27.50 target price (down from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Citigroup downgraded Endeavor Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $29.00 to $27.50 in a research note on Monday, April 15th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $27.50 price objective (down previously from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Finally, Guggenheim reissued a “neutral” rating and issued a $27.50 target price (down previously from $36.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $29.30.

Endeavor Group Price Performance

EDR traded down $0.05 during trading on Monday, reaching $26.45. 2,803,133 shares of the company traded hands, compared to its average volume of 4,269,598. The company has a market cap of $18.32 billion, a P/E ratio of 25.48, a PEG ratio of 1.93 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. Endeavor Group has a 12-month low of $17.65 and a 12-month high of $26.63. The firm has a fifty day simple moving average of $25.36 and a 200 day simple moving average of $24.10.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.55 billion. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. On average, equities analysts forecast that Endeavor Group will post 1.27 EPS for the current year.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.06 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.24 annualized dividend and a yield of 0.91%. Endeavor Group’s dividend payout ratio is currently 23.08%.

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.