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

Endeavor Group Holdings, Inc. (NYSE:EDR) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 5,510,000 shares, a decrease of 9.7% from the March 31st total of 6,100,000 shares. Based on an average daily volume of 4,610,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 2.9% of the shares of the company are short sold.

Endeavor Group Trading Down 0.2 %

Shares of NYSE:EDR traded down $0.05 during midday trading on Monday, reaching $26.45. The company’s stock had a trading volume of 2,803,133 shares, compared to its average volume of 4,269,598. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a market cap of $18.32 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 1.93 and a beta of 0.82. The business has a 50 day moving average price of $25.36 and a 200 day moving average price of $24.10. Endeavor Group has a 1 year low of $17.65 and a 1 year high of $26.63.

Endeavor Group (NYSE:EDR) last released its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. Research analysts forecast that Endeavor Group will post 1.27 EPS for the current year.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Endeavor Group’s dividend payout ratio (DPR) is presently 23.08%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EDR. Evercore ISI reiterated an “in-line” rating and set a $27.50 price target (down from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Seaport Res Ptn downgraded Endeavor Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 2nd. StockNews.com started coverage on shares of Endeavor Group in a report on Monday. They set a “hold” rating for the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $27.50 price target (down previously from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Finally, TD Cowen increased 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. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Endeavor Group currently has a consensus rating of “Hold” and an average price target of $29.30.

Insider Activity at Endeavor Group

In other Endeavor Group news, CAO Seth D. Krauss sold 17,950 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $432,236.00. Following the completion of the sale, the chief accounting officer now directly owns 62,055 shares of the company’s stock, valued at approximately $1,494,284.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Endeavor Group news, insider Mark S. Shapiro sold 70,600 shares of Endeavor Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,700,048.00. Following the sale, the insider now owns 81,460 shares of the company’s stock, valued at approximately $1,961,556.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Seth D. Krauss sold 17,950 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $432,236.00. Following the completion of the transaction, the chief accounting officer now owns 62,055 shares of the company’s stock, valued at approximately $1,494,284.40. The disclosure for this sale can be found here. Insiders sold a total of 176,633 shares of company stock worth $4,317,277 in the last 90 days. 82.08% of the stock is owned by insiders.

Hedge Funds Weigh In On Endeavor Group

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Endeavor Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock valued at $291,559,000 after acquiring an additional 254,550 shares during the period. Morgan Stanley increased its holdings in Endeavor Group by 3.8% in the 3rd quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock valued at $244,340,000 after purchasing an additional 454,790 shares in the last quarter. FMR LLC raised its position in Endeavor Group by 3.7% in the third quarter. FMR LLC now owns 5,145,883 shares of the company’s stock valued at $102,403,000 after purchasing an additional 184,212 shares during the period. Clearbridge Investments LLC lifted its position in Endeavor Group by 5.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,527,575 shares of the company’s stock worth $107,439,000 after acquiring an additional 226,724 shares in the last quarter. Finally, Dendur Capital LP boosted its holdings in Endeavor Group by 6.6% in the 3rd quarter. Dendur Capital LP now owns 3,612,000 shares of the company’s stock worth $71,879,000 after acquiring an additional 225,000 shares during the period. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

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.