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 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 completion of the transaction, the chief financial officer owned 1,012 shares in the company, valued at $216,648.96. The trade was a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 value 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 value 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 value 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 transaction 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 Price Performance

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

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the company posted $0.28 EPS. The firm’s quarterly revenue was down 27.3% on a year-over-year basis. Analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

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

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

Analyst Ratings Changes

Several research analysts recently commented on TKO shares. TD Cowen raised their target price on TKO Group from $230.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Baird R W raised shares of TKO Group to a “strong-buy” rating in a report on Friday, September 5th. Morgan Stanley set a $210.00 target price on shares of TKO Group in a research report on Thursday, December 18th. 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, Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.00.

Hedge Funds Weigh In On TKO Group

Several institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in TKO Group by 23.1% during the third quarter. IFP Advisors Inc now owns 7,472 shares of the company’s stock worth $1,534,000 after buying an additional 1,400 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in TKO Group by 77.2% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 3,181 shares of the company’s stock worth $642,000 after acquiring an additional 1,386 shares during the last quarter. Groupama Asset Managment acquired a new stake in TKO Group during the 3rd quarter valued at $277,000. Polar Asset Management Partners Inc. bought a new position in TKO Group in the 3rd quarter valued at $4,482,000. Finally, CIBC Private Wealth Group LLC boosted its stake in TKO Group by 64.2% in the third quarter. CIBC Private Wealth Group LLC now owns 514 shares of the company’s stock worth $104,000 after purchasing an additional 201 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

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.