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Endeavor Group Holdings, Inc. (NYSE:EDR – Get Rating) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 4,660,000 shares, a decline of 15.1% from the October 31st total of 5,490,000 shares. Based on an average daily volume of 1,470,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 2.6% of the shares of the stock are short sold.
Insider Buying and Selling
In related news, President Mark S. Shapiro sold 435,000 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of 22.14, for a total value of 9,630,900.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, President Mark S. Shapiro sold 435,000 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of 22.14, for a total transaction of 9,630,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Mark S. Shapiro sold 3,005 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of 21.58, for a total transaction of 64,847.90. Following the sale, the president now owns 47,734 shares in the company, valued at approximately 1,030,099.72. The disclosure for this sale can be found here. Insiders have sold 700,267 shares of company stock worth $15,798,231 in the last ninety days. 84.67% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Endeavor Group
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Endeavor Group by 29.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,006,491 shares of the company’s stock worth $243,251,000 after purchasing an additional 2,726,059 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Endeavor Group by 72.2% during the 2nd quarter. Millennium Management LLC now owns 6,519,552 shares of the company’s stock worth $134,042,000 after acquiring an additional 2,734,126 shares during the period. Cantillon Capital Management LLC lifted its holdings in shares of Endeavor Group by 17.1% during the 2nd quarter. Cantillon Capital Management LLC now owns 4,136,450 shares of the company’s stock worth $85,045,000 after acquiring an additional 603,646 shares during the period. Price T Rowe Associates Inc. MD bought a new position in shares of Endeavor Group during the 3rd quarter worth about $56,160,000. Finally, Clearbridge Investments LLC lifted its holdings in shares of Endeavor Group by 10.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,769,832 shares of the company’s stock worth $56,948,000 after acquiring an additional 257,768 shares during the period. 34.92% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Endeavor Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 19th. Credit Suisse Group dropped their price objective on shares of Endeavor Group from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, October 14th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of 30.70.
Endeavor Group Stock Performance
Shares of NYSE EDR traded down 0.21 during trading hours on Friday, hitting 21.83. 830,500 shares of the stock were exchanged, compared to its average volume of 1,265,214. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day moving average is 21.21 and its 200 day moving average is 21.96. The firm has a market capitalization of $15.33 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.11 and a beta of 1.01. Endeavor Group has a one year low of 17.42 and a one year high of 35.28.
About Endeavor Group
Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and…
Read More: Endeavor Group Holdings, Inc. (NYSE:EDR) Short Interest Update
