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

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 12,310,000 shares, a decline of 9.1% from the October 31st total of 13,540,000 shares. Approximately 5.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,700,000 shares, the short-interest ratio is currently 4.6 days.

Endeavor Group Stock Up 0.1 %

NYSE:EDR traded up $0.03 during midday trading on Monday, reaching $30.40. 255,800 shares of the stock traded hands, compared to its average volume of 3,415,025. Endeavor Group has a 12-month low of $22.64 and a 12-month high of $30.57. The business has a 50-day moving average of $29.15 and a two-hundred day moving average of $27.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $20.80 billion, a PE ratio of -14.81 and a beta of 0.77.

Insider Transactions at Endeavor Group

In related news, CEO Ariel Emanuel sold 48,176 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $53,179,412.88. This represents a 2.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 225,272 shares of company stock worth $6,372,925 in the last three months. Insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently bought and sold shares of EDR. Tidal Investments LLC raised its holdings in shares of Endeavor Group by 7.9% in the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after buying an additional 620 shares during the last quarter. Virtu Financial LLC acquired a new stake in Endeavor Group during the third quarter valued at $602,000. Geode Capital Management LLC lifted its holdings in Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after purchasing an additional 79,212 shares in the last quarter. Barclays PLC lifted its holdings in Endeavor Group by 5,247.7% during the third quarter. Barclays PLC now owns 318,188 shares of the company’s stock valued at $9,087,000 after purchasing an additional 312,238 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in Endeavor Group by 142.3% during the third quarter. XTX Topco Ltd now owns 90,867 shares of the company’s stock valued at $2,595,000 after purchasing an additional 53,370 shares in the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Endeavor Group in a research note on Sunday. They issued a “hold” rating on the stock. Nine investment 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 stock currently has an average rating of “Hold” and a consensus 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.