In November, Endeavor Group Holdings, Inc.’s short interest dropped precipitously (NYSE: EDR). As of November 15, there were 4,660,000 shares totaling short interest, a 15.1% decrease from 5,490,000 on October 31. Based on an average daily volume of 1,470,000 shares, the days-to-cover ratio is currently 3.2 days. Short sales are currently made on 2.6% of the stock’s shares.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Endeavor Group by 29.4% during the third quarter. Vanguard Group Inc. now owns 12,006,491 shares of the company’s stock, worth $243,251,000, after acquiring an additional 2,726,059 shares over the last three months. Millennium Management LLC grew its holdings in Endeavor Group shares by 72.2% during the second 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 grew its holdings in Endeavor Group shares by 17.1% during the second quarter. Cantillon Capital Management LLC currently owns 4,136,450 shares of the company’s stock valued at $85,045,000, which is 603,646 more than it did one year ago. Price T. Rowe Associates Inc. (MD) increased its holdings in Endeavor Group by approximately $56,160,000.
Last but not least, Clearbridge Investments LLC grew its stake in Endeavor Group by 10.3% during the second quarter. Clearbridge Investments LLC now owns 2,769,832 shares, worth $56,948,000, after acquiring an additional 257,768 shares over the last year. Currently, institutional and hedge fund investors own 34.92% of the stock.
Similar developments On December 1, the company’s president, Mark S. Shapiro, sold 435,000 shares of the business’s stock. On December 1, the stock was sold for $9,630,900.00 at an average price of 22.14 cents per share. The shares were sold at an average price of 22.14 cents per share for a total transaction value of $9,630,900.00. To access the SEC filing where the transaction was disclosed, go to this URL. Mark S. Shapiro, the company’s president, also sold 435,000 shares of the company’s stock on December 1. The average price paid for the shares was $22,14, for a total transaction value of $9,630,900.00. You can access a file given to the SEC and details of the transaction by clicking this link. The company’s president, Mark S. Shapiro, also sold 3,005 shares on November 21. The shares were sold for a total transaction value of 64,847.90 at an average price of 21.58. After the sale, the president now owns 47,734 company shares for a total value of about $1,030,099.72. The disclosure for this sale is available here. Corporate insiders presently hold 84.67% of the stock, and during the last 90 days, they have sold 700,267 shares of stock for a total of $15,798,231 in value.
Several research analysts have made comments about the stock. StockNews.com upgraded shares of Endeavor Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 19. According to Bloomberg.com, ten research analysts gave the stock a buy rating. The company has an average “buy” recommendation and a target price of $30.70. On Friday, October 14, Credit Suisse Group decreased its “outperform” rating and price objective for shares of Endeavor Group from $33.00 to $30.
Friday saw 830,500 shares traded on the NYSE EDR, which was 0.21 fewer than the session’s average volume of 1,265,214 shares. The stock’s closing price was $21.83 for the day. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.14, a quick ratio of 1.14, and 50-day and 200-day moving averages of 21.21 and 21.96, respectively. The company has a $15.33 billion market value and a 19.15 P/E ratio. Its beta is 1.01, and its P/E/G ratio is 1.1. The annual high and low for Endeavor Group are 35.28 and 17.42, respectively.
Endeavor Group Holdings, Inc. operates as an entertainment, sports, and content firm in the US, the UK, and other nations. Its three business segments are Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Businesses business unit is in charge of several sports businesses, including the Ultimate Fighting Championship, which organizes exclusive live events and has a broadcasting license, the Euroleague, Professional Bull Rider, Diamond Baseball Holdings, and others.
