William K. announced Fullerton, Global Controller and Chief Accounting Officer, Endeavor Group Holdings, Inc. (NYSE:EDR), recently announced a stock deal that may interest investors. According to a filing with the Securities and Exchange Commission, Fullerton sold 2,225 shares of Class A common stock to Endeavor on January 14, 2025. These shares were sold at an average price of $30.58, for a total transaction value of $68,040. The deal comes as EDR trades near its 52-week high of $31.49, with the stock showing notable strength with gains of 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 stock sale was made to cover taxes and fees related to the settlement of certain restricted stock unit awards. Following this transaction, Fullerton has 53,124 shares of the company's stock.
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 vesting of restricted stock units, although these acquisitions were made at no cost.
In other recent news, Endeavor Group Holdings has made several significant financial maneuvers. The global entertainment and sports company expanded its loan agreement to $2.25 billion, backed by additional securities from TKO. Endeavor also refinanced existing loans and extended their maturity dates through the Fifth Amendment Refinancing, creating a new class of term loans worth $2.75 billion.
In addition, Endeavor has sold its OpenBet and IMG Arena businesses to OB Global for approximately $450 million, and has begun a strategic review that could lead to the sale of several assets, including the Miami Open and Madrid Open tennis tournaments, and the Frieze arts platform. According to InvestingPro, Endeavor's recent financial activities reflect its ongoing efforts to manage its capital structure and invest in growth initiatives.
On the other hand, TKO Group Holdings announced a $2 billion share repurchase plan and an agreement to purchase select sports assets from Endeavor for $3.25 billion, pending regulatory approvals and closing conditions.
In related news, Endeavor Silver Company (New York Stock Exchange:). Announced a $73 million share offering, with the aim of using the proceeds for general working capital and strengthening the Pitarrilla project. These are the latest developments in the financial activities of Endeavor Group Holdings and Endeavor Silver Corp. and TKO Group Holdings.
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