Endeavor Group Holdings, Inc. (NYSE:EDR) Short Interest Up 138.4% in February

Endeavor Group Holdings, Inc. (NYSE:EDR) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 11,660,000 shares, an increase of 138.4% from the January 31st total of 4,890,000 shares. Based on an average trading volume of 1,760,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 5.5% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

EDR has been the subject of several recent analyst reports. StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Seaport Res Ptn cut shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.86.

Endeavor Group Stock Up 4.2 %

EDR stock opened at $32.05 on Monday. The stock has a market capitalization of $21.93 billion, a P/E ratio of -15.63 and a beta of 0.74. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group has a 12 month low of $23.51 and a 12 month high of $35.99. The firm has a 50-day moving average price of $31.39 and a 200-day moving average price of $29.80.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group’s dividend payout ratio is currently -9.02%.

Insider Activity

In other news, major shareholder Patrick Whitesell acquired 60,208 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the transaction, the insider now directly owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. This trade represents a 3.60 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William K. Fullerton sold 2,225 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total transaction of $68,040.50. Following the sale, the chief accounting officer now directly owns 53,124 shares of the company’s stock, valued at $1,624,531.92. This represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 1,535,485 shares of company stock valued at $239,160,243 and sold 146,905 shares valued at $4,418,864. 63.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EDR. Toronto Dominion Bank acquired a new position in shares of Endeavor Group in the fourth quarter valued at approximately $289,205,000. Athos Capital Ltd increased its stake in shares of Endeavor Group by 135.9% in the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after buying an additional 4,447,000 shares during the period. Steadfast Capital Management LP increased its stake in shares of Endeavor Group by 207.9% in the fourth quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company’s stock valued at $113,948,000 after buying an additional 2,458,800 shares during the period. Madison Avenue Partners LP increased its stake in shares of Endeavor Group by 228.3% in the fourth quarter. Madison Avenue Partners LP now owns 2,397,658 shares of the company’s stock valued at $75,023,000 after buying an additional 1,667,398 shares during the period. Finally, Polar Asset Management Partners Inc. increased its stake in shares of Endeavor Group by 300.0% in the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after buying an additional 1,500,000 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.

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.