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

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

Insider Transactions at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group 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 of the company’s stock, valued at $53,179,412.88. The trade was a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 225,272 shares of company stock valued at $6,372,925. Corporate insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Pentwater Capital Management LP grew its holdings in Endeavor Group by 457.0% during the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after acquiring an additional 10,830,000 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new position in shares of Endeavor Group during the 2nd quarter worth $205,038,000. Athos Capital Ltd grew its stake in shares of Endeavor Group by 135.9% during the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after purchasing an additional 4,447,000 shares during the period. Glazer Capital LLC acquired a new stake in Endeavor Group in the 2nd quarter valued at about $49,017,000. Finally, Polar Asset Management Partners Inc. grew its stake in Endeavor Group by 300.0% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after acquiring an additional 1,500,000 shares during the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Endeavor Group in a research note on Sunday. They set 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.86.

Endeavor Group Stock Up 0.1 %

Shares of EDR stock traded up $0.03 during trading on Monday, reaching $30.40. The company’s stock had a trading volume of 255,800 shares, compared to its average volume of 3,415,025. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $20.80 billion, a price-to-earnings ratio of -14.81 and a beta of 0.77. The stock’s 50-day moving average price is $29.15 and its 200 day moving average price is $27.89. Endeavor Group has a 1-year low of $22.64 and a 1-year high of $30.57.

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.