William K. Fullerton, Global Controller and Chief Accounting Officer of Endeavor Group Holdings, Inc. (NYSE:EDR), recently reported a stock transaction that may be of interest to investors. Fullerton sold 2,225 shares of Endeavor’s Class A Common Stock on January 14, 2025, according to a filing with the Securities and Exchange Commission. These shares were sold at an average price of $30.58, for a total transaction value of $68,040. The transaction comes as EDR is trading near its 52-week high of $31.49, with the stock showing remarkable strength, up 31% over the past year. InvestingPro analysis suggests that 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 unit awards. Following this transaction, Fullerton holds 53,124 shares of the company’s stock.
The filing also describes prior transactions as of January 12, 2025, where Fullerton acquired 2,448 and 3,070 shares of Class A common stock through the vesting of restricted stock units, although those acquisitions were made at no cost.
In other recent news, Endeavor Group Holdings has made some significant financial maneuvers. The global entertainment and sports company has expanded its loan agreement to $2.25 billion, backed by additional TKO securities. Endeavor also refinanced existing loans, extending their maturity dates through a fifth refinancing amendment, resulting in a new class of term loans totaling $2.75 billion.
In addition, 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 and arts platform Frieze. According to InvestingPro, Endeavor’s recent financial activity reflects its ongoing efforts to manage its capital structure and invest in growth initiatives.
Separately, TKO Group Holdings announced a $2 billion stock buyback plan and an agreement to buy select sports assets from Endeavor for $3.25 billion, pending regulatory approvals and closing conditions.
In related news, Endeavor Silver Corp (NYSE:). announced a $73 million stock offering, with the intention of using the proceeds for general working capital and to advance the Pitarrilla project. These are the latest events in the financial activities of Endeavor Group Holdings, Endeavor Silver Corp. and TKO Group Holdings.
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