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

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 254 shares of TKO Group stock in a transaction on Monday, December 8th. The shares were sold at an average price of $202.41, for a total value of $51,412.14. Following the completion of the sale, the chief financial officer directly owned 1,520 shares of the company’s stock, valued at approximately $307,663.20. This represents a 14.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 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 shares were sold at an average price of $183.56, for a total transaction of $46,624.24.

TKO Group Stock Down 3.4%

Shares of TKO stock traded down $6.89 during mid-day trading on Tuesday, reaching $196.93. 1,217,556 shares of the company were exchanged, compared to its average volume of 1,058,235. The company has a market capitalization of $38.42 billion, a P/E ratio of 75.45 and a beta of 0.65. The business’s 50 day simple moving average is $189.22 and its 200 day simple moving average is $182.29. 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 Holdings, Inc. has a fifty-two week low of $133.07 and a fifty-two week high of $212.49.

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

TKO Group announced that its Board of Directors has approved a stock buyback program on Monday, September 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership 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. Investors of record on Monday, December 15th will be given a $0.78 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date is Monday, December 15th. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TKO Group’s payout ratio is currently 116.48%.

Institutional Trading of TKO Group

Several large investors have recently bought and sold shares of TKO. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of TKO Group by 368.8% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,186 shares of the company’s stock worth $8,949,000 after buying an additional 38,695 shares during the last quarter. Ninety One UK Ltd raised its holdings in shares of TKO Group by 14.4% during the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock valued at $882,459,000 after acquiring an additional 611,233 shares in the last quarter. Hawk Ridge Capital Management LP lifted its position in shares of TKO Group by 2.1% in the 1st quarter. Hawk Ridge Capital Management LP now owns 734,274 shares of the company’s stock worth $112,204,000 after purchasing an additional 14,760 shares during the period. Empowered Funds LLC bought a new stake in shares of TKO Group during the first quarter valued at approximately $6,138,000. Finally, Royal Bank of Canada boosted its holdings in shares of TKO Group by 26.6% during the 1st quarter. Royal Bank of Canada now owns 115,502 shares of the company’s stock valued at $17,650,000 after buying an additional 24,245 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TKO. Sanford C. Bernstein lifted their target price on shares of TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. BTIG Research restated a “buy” rating and set a $235.00 price objective on shares of TKO Group in a report on Tuesday, November 18th. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Morgan Stanley upped their price objective on TKO Group from $165.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Finally, Baird R W raised shares of TKO Group to a “strong-buy” rating in a report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given 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 price target of $224.43.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.