TKO Group (NYSE:TKO) CFO Shane Kapral Sells 253 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 253 shares of TKO Group stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $216.36, for a total transaction of $54,739.08. Following the completion of the sale, the chief financial officer owned 759 shares of the company’s stock, valued at $164,217.24. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, December 22nd, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $214.08, for a total value of $54,376.32.
• On Monday, December 15th, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $206.44, for a total value of $52,435.76.
• On Monday, December 8th, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $202.41, for a total value of $51,412.14.
• On Monday, December 1st, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $192.82, for a total value of $48,976.28.
• On Monday, November 24th, Shane Kapral sold 254 shares of TKO Group stock. The shares were 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 stock was sold at an average price of $183.56, for a total transaction of $46,624.24.

TKO Group Trading Down 0.7%

Shares of TKO stock opened at $215.93 on Tuesday. TKO Group Holdings, Inc. has a fifty-two week low of $133.07 and a fifty-two week high of $218.11. The company has a 50 day moving average price of $194.67 and a 200 day moving average price of $187.17. The stock has a market capitalization of $42.12 billion, a P/E ratio of 82.73 and a beta of 0.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.11). The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The business’s quarterly revenue was down 27.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors 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 yield of 1.4%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s payout ratio is presently 119.54%.

TKO Group announced that its Board of Directors has authorized a stock buyback program on Monday, September 15th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have recently commented on TKO. Guggenheim boosted their price objective on TKO Group from $205.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. TD Cowen boosted their price target on shares of TKO Group from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Baird R W raised shares of TKO Group to a “strong-buy” rating in a research report on Friday, September 5th. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Zacks Research cut TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $225.00.

Hedge Funds Weigh In On TKO Group

Several hedge funds have recently made changes to their positions in TKO. Rafferty Asset Management LLC lifted its holdings in shares of TKO Group by 201.4% in the 1st quarter. Rafferty Asset Management LLC now owns 4,582 shares of the company’s stock valued at $700,000 after purchasing an additional 3,062 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in TKO Group by 22.0% in the first quarter. CreativeOne Wealth LLC now owns 2,430 shares of the company’s stock valued at $371,000 after buying an additional 439 shares during the last quarter. Baird Financial Group Inc. lifted its stake in TKO Group by 20.0% in the first quarter. Baird Financial Group Inc. now owns 2,417 shares of the company’s stock valued at $369,000 after buying an additional 403 shares during the last quarter. Northern Right Capital Management L.P. boosted its holdings in shares of TKO Group by 0.4% in the first quarter. Northern Right Capital Management L.P. now owns 88,389 shares of the company’s stock valued at $13,507,000 after acquiring an additional 389 shares during the period. Finally, Royal Bank of Canada grew its position in shares of TKO Group by 26.6% during the first quarter. Royal Bank of Canada now owns 115,502 shares of the company’s stock worth $17,650,000 after acquiring an additional 24,245 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Company Profile

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.