Endeavor Group Holdings, Inc. (NYSE:EDR) Sees Significant Growth in Short Interest

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) 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. Approximately 5.5% of the company's shares are sold short. Based on an average trading volume of 1,760,000 shares, the days-to-cover ratio is currently 6.6 days.

Analyst Upgrades and Downgrades

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A number of brokerages have weighed in on EDR. Seaport Res Ptn downgraded Endeavor Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 11th. StockNews.com lowered shares of Endeavor Group from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $27.86.

Check Out Our Latest Analysis on EDR

Endeavor Group Price Performance

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Shares of EDR opened at $32.05 on Friday. The stock has a market cap of $21.93 billion, a P/E ratio of -15.63 and a beta of 0.74. The business's fifty day moving average is $31.39 and its 200 day moving average is $29.76. The company has a quick ratio of 0.63, a current 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.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, February 28th. Endeavor Group's payout ratio is presently -11.71%.

Insider Buying and Selling

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In related news, CFO Jason Lublin sold 50,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $29.98, for a total value of $1,499,000.00. Following the transaction, the chief financial officer now owns 219,613 shares in the company, valued at $6,583,997.74. The trade was a 18.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the firm's stock in a transaction on Monday, December 16th. The shares were acquired at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the acquisition, the insider now owns 418,587 shares in the company, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,535,485 shares of company stock valued at $239,160,243 and have sold 146,905 shares valued at $4,418,864. 63.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank bought a new position in shares of Endeavor Group in the fourth quarter valued at approximately $289,205,000. Athos Capital Ltd raised its position in Endeavor Group by 135.9% in the 3rd 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 last quarter. Steadfast Capital Management LP lifted its stake in Endeavor Group by 207.9% during the 4th quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company's stock valued at $113,948,000 after acquiring an additional 2,458,800 shares in the last quarter. Madison Avenue Partners LP lifted its stake in Endeavor Group by 228.3% during the 4th quarter. Madison Avenue Partners LP now owns 2,397,658 shares of the company's stock valued at $75,023,000 after acquiring an additional 1,667,398 shares in the last quarter. Finally, Polar Asset Management Partners Inc. boosted its holdings in Endeavor Group by 300.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company's stock worth $57,120,000 after acquiring an additional 1,500,000 shares during the last quarter. Institutional investors and hedge funds own 74.99% of the company's stock.

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.

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