TKO Group (NYSE:TKO) CFO Shane Kapral Sells 254 Shares

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 254 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $214.08, for a total value of $54,376.32. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, December 29th, Shane Kapral sold 253 shares of TKO Group stock. The stock was 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 shares were 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 value 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 Trading Down 0.7%

Shares of TKO traded down $1.51 during mid-day trading on Monday, reaching $215.93. 794,780 shares of the company were exchanged, compared to its average volume of 1,119,511. The business has a 50 day simple moving average of $194.67 and a two-hundred day simple moving average of $187.17. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $42.12 billion, a PE ratio of 82.73 and a beta of 0.65. TKO Group Holdings, Inc. has a 52 week low of $133.07 and a 52 week high of $218.11.

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

TKO Group announced that its Board of Directors has authorized a share buyback program on Monday, September 15th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

TKO Group Increases Dividend

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

Institutional Trading of TKO Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp lifted its stake in shares of TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after buying an additional 887,401 shares in the last quarter. Norges Bank acquired a new position in TKO Group during the 2nd quarter valued at about $132,441,000. Ninety One UK Ltd raised its stake in shares of TKO Group by 14.4% in the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after purchasing an additional 611,233 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of TKO Group in the second quarter valued at approximately $82,056,000. Finally, Alliancebernstein L.P. boosted its position in shares of TKO Group by 551.8% during the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock valued at $90,059,000 after buying an additional 419,021 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the topic of several research analyst reports. Robert W. Baird upped their target price on TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, September 16th. Zacks Research cut TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Wolfe Research reaffirmed an “outperform” rating and set a $227.00 price objective on shares of TKO Group in a research report on Monday, December 15th. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, BTIG Research reissued a “buy” rating on shares of TKO Group in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.