Short Interest in Endeavor Group Holdings, Inc. (NYSE:EDR) Increases By 56.4%

Endeavor Group Holdings, Inc. (NYSE:EDR) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 12,390,000 shares, an increase of 56.4% from the June 15th total of 7,920,000 shares. Approximately 6.9% of the shares of the stock are sold short. Based on an average daily volume of 3,410,000 shares, the short-interest ratio is currently 3.6 days.

Endeavor Group Price Performance

Endeavor Group stock opened at $27.45 on Monday. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $27.55. The company’s 50 day moving average price is $26.86 and its two-hundred day moving average price is $25.63. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44. The stock has a market cap of $19.02 billion, a P/E ratio of 49.91 and a beta of 0.78.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.50. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Endeavor Group had a net margin of 3.40% and a return on equity of 2.86%. On average, equities analysts predict that Endeavor Group will post 1.4 earnings per share for the current year.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.87%. Endeavor Group’s payout ratio is 43.64%.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CAO William K. Fullerton sold 6,750 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $26.51, for a total transaction of $178,942.50. Following the completion of the transaction, the chief accounting officer now directly owns 46,600 shares in the company, valued at $1,235,366. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO William K. Fullerton sold 6,750 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $26.51, for a total transaction of $178,942.50. Following the completion of the transaction, the chief accounting officer now directly owns 46,600 shares in the company, valued at $1,235,366. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $26.51, for a total transaction of $552,256.32. Following the transaction, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,451,257.37. The disclosure for this sale can be found here. Insiders sold a total of 48,414 shares of company stock worth $1,290,955 over the last three months. Corporate insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC grew its position in shares of Endeavor Group by 200.2% during the 4th quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after purchasing an additional 1,027 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Endeavor Group in the first quarter worth $102,000. SG Americas Securities LLC purchased a new position in Endeavor Group in the second quarter worth $130,000. Finally, Quest Partners LLC bought a new stake in Endeavor Group in the fourth quarter worth $177,000. Institutional investors own 71.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EDR shares. Guggenheim restated a “neutral” rating and issued a $27.50 price objective (down from $36.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Citigroup cut shares of Endeavor Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $29.00 to $27.50 in a research report on Monday, April 15th. TD Cowen upped their price target on shares of Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Piper Sandler cut shares of Endeavor Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 13th. Finally, Seaport Res Ptn cut shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 2nd. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.89.

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.