William K. Fullerton, global controller and chief accounting officer of Endeavor Group Holdings, Inc. (NYSE:EDR), recently flagged a stock transaction that may be of interest to investors. According to a filing with the Securities and Exchange Commission, Fullerton sold 2,225 shares of Endeavor Class A common stock on January 14, 2025. These shares were sold at an average price of $30.58, representing a value of total transaction of $68,040. The transaction comes as EDR trades near its 52-week high of $31.49, with the stock showing remarkable strength with a 31% gain over the past year. InvestPro Analysis suggests the stock is currently undervalued, with analysts maintaining price targets between $27.50 and $32.00.
The sale of shares was made to cover taxes and fees related to the settlement of certain restricted stock unit awards. As a result of this transaction, Fullerton owns 53,124 shares of the company.
The filing also details prior transactions on January 12, 2025, in which Fullerton acquired 2,448 and 3,070 shares of Class A common stock through the acquisition of restricted stock units, although those acquisitions were completed free of charge.
Furthermore, Endeavor Group Holdings has made several significant financial maneuvers. The global entertainment and sports company has expanded its loan agreement to $2.25 billion, supported by additional TKO securities. Endeavor also refinanced existing loans, extending their maturity dates through a fifth refinancing amendment, which gave rise to a new class of term loans amounting to $2.75 billion.
Additionally, Endeavor sold its OpenBet and IMG Arena businesses to OB Global for approximately $450 million and launched a strategic review that could lead to the sale of several assets, including the Miami Open and Madrid Open tennis tournaments, as well as the Frieze artistic platform. According to InvestingPro, Endeavor’s recent financial activities reflect its continued efforts to manage its capital structure and invest in growth initiatives.
On another note, TKO Group Holdings announced a $2 billion stock repurchase plan and an agreement to purchase certain sports assets from Endeavor for $3.25 billion, pending regulatory approvals and terms of sale. fence.
In related news, Endeavor Silver Corp. (NYSE:). announced a $73 million stock offering, with the goal of using the proceeds for general working capital and advancing the Pitarrilla Project. These are the latest developments in the financial activities of Endeavor Group Holdings, Endeavor Silver Corp. and TKO Group Holdings.
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