TKO Group (NYSE:TKO) CFO Sells $54,376.32 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 254 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $214.08, for a total value of $54,376.32. Following the transaction, the chief financial officer owned 1,012 shares in the company, valued at approximately $216,648.96. This trade represents a 20.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shane Kapral also recently made the following trade(s):

• On Monday, December 29th, Shane Kapral sold 253 shares of TKO Group stock. The shares were sold at an average price of $216.36, for a total transaction of $54,739.08.
• On Monday, December 15th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $206.44, for a total transaction of $52,435.76.
• On Monday, December 8th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $202.41, for a total transaction of $51,412.14.
• On Monday, December 1st, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $192.82, for a total transaction of $48,976.28.
• On Monday, November 24th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $178.32, for a total value of $45,293.28.
• On Monday, November 17th, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $183.56, for a total value of $46,624.24.

TKO Group Stock Performance

TKO Group stock traded down $1.51 during mid-day trading on Monday, reaching $215.93. 794,780 shares of the company’s stock were exchanged, compared to its average volume of 1,119,511. The business’s fifty day simple moving average is $194.67 and its 200 day simple moving average is $187.17. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. TKO Group Holdings, Inc. has a one year low of $133.07 and a one year high of $218.11. The firm has a market capitalization of $42.12 billion, a PE ratio of 82.73 and a beta of 0.65.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The company’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. On average, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group announced that its board has approved a share repurchase program on Monday, September 15th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, December 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio (DPR) is 119.54%.

Institutional Investors Weigh In On TKO Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Whittier Trust Co. boosted its position in shares of TKO Group by 350.0% in the second quarter. Whittier Trust Co. now owns 135 shares of the company’s stock valued at $25,000 after acquiring an additional 105 shares during the period. Golden State Wealth Management LLC boosted its holdings in TKO Group by 840.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after purchasing an additional 126 shares during the period. Cromwell Holdings LLC boosted its holdings in TKO Group by 1,360.0% in the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the period. Eastern Bank purchased a new stake in shares of TKO Group in the second quarter worth $34,000. Finally, CYBER HORNET ETFs LLC bought a new stake in TKO Group during the second quarter valued at $34,000. 89.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TKO shares. Weiss Ratings restated a “hold (c)” rating on shares of TKO Group in a research note on Monday, December 22nd. Susquehanna boosted their price objective on TKO Group from $229.00 to $230.00 and gave the company a “positive” rating in a research note on Wednesday, December 10th. Arete Research upgraded shares of TKO Group to a “hold” rating in a research report on Wednesday, October 15th. Wolfe Research reissued an “outperform” rating and issued a $227.00 price target on shares of TKO Group in a research report on Monday, December 15th. Finally, BTIG Research reaffirmed a “buy” rating on shares of TKO Group in a report on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

About TKO Group

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.