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

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 13,540,000 shares, a decrease of 5.6% from the October 15th total of 14,340,000 shares. Currently, 6.9% of the shares of the stock are short sold. Based on an average trading volume of 3,090,000 shares, the days-to-cover ratio is presently 4.4 days.

Insiders Place Their Bets

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. The trade was a 7.54 % 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. Over the last quarter, insiders sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Endeavor Group

Several hedge funds and other institutional investors have recently bought and sold shares of EDR. Arizona State Retirement System boosted its stake in shares of Endeavor Group by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock valued at $1,364,000 after buying an additional 898 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Endeavor Group by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock valued at $1,165,000 after acquiring an additional 1,066 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Endeavor Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after acquiring an additional 1,346 shares in the last quarter. Mirador Capital Partners LP grew its holdings in Endeavor Group by 6.7% during the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock worth $750,000 after acquiring an additional 1,655 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Endeavor Group by 11.7% in the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock worth $451,000 after purchasing an additional 1,832 shares during the last quarter. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

Endeavor Group Stock Performance

Shares of NYSE:EDR opened at $29.10 on Tuesday. The business’s 50-day simple moving average is $28.75 and its 200 day simple moving average is $27.67. The company has a market cap of $19.91 billion, a P/E ratio of -14.20 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 0.63. Endeavor Group has a one year low of $22.64 and a one year high of $29.67.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.06 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. Endeavor Group’s dividend payout ratio is currently -11.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Endeavor Group in a research report on Friday. They set a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average 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.