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

Endeavor Group Holdings, Inc. (NYSE:EDR) was the target of a significant 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. Based on an average daily trading volume, of 2,700,000 shares, the short-interest ratio is currently 4.6 days. Approximately 5.8% of the company’s shares are short sold.

Insider Activity

In related news, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at approximately $51,458,040.70. This represents a 7.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 225,272 shares of company stock valued at $6,372,925 over the last 90 days. Insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

A number of institutional investors and hedge funds have recently modified their holdings of EDR. Tidal Investments LLC increased its holdings in Endeavor Group by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after buying an additional 620 shares during the period. Arizona State Retirement System lifted its position in Endeavor Group by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after buying an additional 898 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Endeavor Group by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock worth $1,165,000 after buying an additional 1,066 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Endeavor Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after purchasing an additional 1,346 shares during the period. Finally, Mirador Capital Partners LP lifted its position in Endeavor Group by 6.7% during the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after purchasing an additional 1,655 shares during the period. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Stock Down 0.1 %

Shares of Endeavor Group stock traded down $0.02 during trading on Tuesday, hitting $30.46. The stock had a trading volume of 414,579 shares, compared to its average volume of 3,403,887. The stock has a 50 day simple moving average of $29.20 and a 200 day simple moving average of $27.92. Endeavor Group has a 1 year low of $22.64 and a 1 year high of $30.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Endeavor Group in a research note on Sunday. They issued a “hold” rating for the company. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Endeavor Group has a consensus 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.