TKO Group (NYSE:TKO) CFO Sells 253 Shares

by · The Markets Daily

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) CFO Shane Kapral sold 253 shares of the company’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $216.36, for a total value of $54,739.08. Following the completion of the sale, the chief financial officer directly owned 759 shares of the company’s stock, valued at $164,217.24. The trade was a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction 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 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 shares were 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 Stock Down 0.7%

TKO Group stock traded down $1.51 during midday trading on Monday, hitting $215.93. 794,780 shares of the stock were exchanged, compared to its average volume of 1,119,511. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $218.11. 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 firm has a market cap of $42.12 billion, a P/E ratio of 82.73 and a beta of 0.65. The company has a 50 day moving average price of $194.67 and a two-hundred day moving average price of $187.17.

TKO Group (NYSE:TKOGet Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s revenue was down 27.3% on a year-over-year basis. On average, sell-side 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 has authorized a stock buyback program on Monday, September 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

TKO Group Increases Dividend

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

Hedge Funds Weigh In On TKO Group

Institutional investors have recently modified their holdings of the company. Whittier Trust Co. boosted its stake in TKO Group by 350.0% during the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 105 shares during the period. Golden State Wealth Management LLC increased its stake in TKO Group by 840.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after buying an additional 126 shares during the period. Cromwell Holdings LLC lifted its stake in shares of TKO Group by 1,360.0% in the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares during the period. Atlantic Union Bankshares Corp raised its holdings in TKO Group by 1,680.0% during the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after purchasing an additional 168 shares in the last quarter. Finally, Eastern Bank acquired a new stake in TKO Group in the second quarter worth approximately $34,000. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TKO. Zacks Research downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. 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. Pivotal Research increased their target price on shares of TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Morgan Stanley set a $210.00 price target on shares of TKO Group in a report on Thursday, December 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $218.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.00.

Check Out Our Latest Stock Report on TKO

TKO Group Company Profile

(Get Free Report)

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.

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