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

Endeavor Group Holdings, Inc. (NYSE:EDR – Get Rating) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 2,340,000 shares, a drop of 34.1% from the May 15th total of 3,550,000 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average trading volume of 1,630,000 shares, the days-to-cover ratio is presently 1.4 days.

Shares of NYSE EDR traded down 0.39 during midday trading on Tuesday, reaching 19.79. The company had a trading volume of 34,376 shares, compared to its average volume of 1,371,380. The business’s 50-day simple moving average is 23.01 and its 200 day simple moving average is 27.92. The stock has a market cap of $13.95 billion, a P/E ratio of 2,020.02 and a beta of 1.04. Endeavor Group has a 1 year low of 17.42 and a 1 year high of 35.28. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.06.

Endeavor Group (NYSE:EDR – Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported 0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of 0.31 by 0.42. The business had revenue of 1.47 billion during the quarter, compared to analysts’ expectations of 1.28 billion. Endeavor Group had a net margin of 0.42% and a return on equity of 11.32%. Analysts predict that Endeavor Group will post 1.15 earnings per share for the current year.

A number of research firms have recently issued reports on EDR. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Endeavor Group from $39.00 to $40.00 in a research note on Friday, May 13th. The Goldman Sachs Group upgraded shares of Endeavor Group from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $30.00 to $29.00 in a research note on Tuesday, May 17th. UBS Group upgraded shares of Endeavor Group from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Friday, May 13th. Barclays upgraded shares of Endeavor Group from an “equal weight” rating to an “overweight” rating and set a $27.00 target price for the company in a research note on Friday, May 13th. Finally, Citigroup lowered their target price on shares of Endeavor Group from $34.00 to $25.00 in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of 34.00.

In other news, President Mark S. Shapiro sold 83,918 shares of the stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of 19.42, for a total transaction of 1,629,687.56. Following the transaction, the president now directly owns 160,739 shares in the company, valued at 3,121,551.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Seth D. Krauss sold 4,284 shares of the stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of 19.08, for a total transaction of 81,738.72. Following the transaction, the insider now owns 28,880 shares in the company, valued at 551,030.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 518,510 shares of company stock worth $10,138,695.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC purchased a new position in shares of Endeavor Group in the first quarter worth $284,000. Capital International Sarl raised its holdings in shares of Endeavor Group by 6.5% in the first quarter. Capital International Sarl now owns 77,482 shares of the company’s stock worth $2,287,000 after buying an additional 4,737 shares during the last quarter. Capital International Ltd. CA raised its holdings in shares of Endeavor Group by 29.7% during the first quarter. Capital International Ltd. CA now owns 166,278 shares of the company’s stock worth $4,909,000 after purchasing an additional 38,038 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Endeavor Group during the first quarter worth $1,279,000. Finally, Royal Bank of Canada raised its holdings in shares of Endeavor Group by 88.5% during the first quarter. Royal Bank of Canada now owns 9,236 shares of the company’s stock worth $273,000 after purchasing an additional 4,337 shares during the last quarter. 52.95% of the stock is owned by institutional investors and hedge funds.

About Endeavor Group (Get Rating)

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 Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.

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