Shane Kapral Sells 254 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 254 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $214.08, for a total transaction of $54,376.32. Following the sale, the chief financial officer owned 1,012 shares of the company’s stock, valued at approximately $216,648.96. This represents 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 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 shares were 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 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 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 Stock Performance

Shares of NYSE TKO opened at $214.41 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. TKO Group Holdings, Inc. has a one year low of $133.07 and a one year high of $218.11. The business’s 50-day moving average price is $195.24 and its two-hundred day moving average price is $187.53. The company has a market capitalization of $41.83 billion, a P/E ratio of 82.15 and a beta of 0.65.

TKO Group (NYSE:TKO) last announced 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 net margin of 5.27% and a return on equity of 2.57%. The firm 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 firm earned $0.28 earnings per share. The firm’s quarterly revenue was down 27.3% compared to the same quarter last year. Analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a dividend of $0.78 per share. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, December 15th. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TKO Group’s dividend payout ratio (DPR) is currently 119.54%.

TKO Group declared that its board has authorized a share repurchase plan on Monday, September 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

TKO has been the subject of a number of recent research reports. Cowen reiterated a “buy” rating on shares of TKO Group in a report on Monday, December 8th. Susquehanna raised their target price on TKO Group from $229.00 to $230.00 and gave the company a “positive” rating in a report on Wednesday, December 10th. Zacks Research downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Sanford C. Bernstein increased their price objective on TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, Wolfe Research reissued an “outperform” rating and issued a $227.00 price objective on shares of TKO Group in a research note on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $225.00.

Hedge Funds Weigh In On TKO Group

A number of institutional investors have recently made changes to their positions in TKO. Rafferty Asset Management LLC boosted its stake in TKO Group by 201.4% during 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 period. CreativeOne Wealth LLC lifted its holdings in shares of TKO Group by 22.0% during the first quarter. CreativeOne Wealth LLC now owns 2,430 shares of the company’s stock worth $371,000 after buying an additional 439 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of TKO Group by 20.0% during the first quarter. Baird Financial Group Inc. now owns 2,417 shares of the company’s stock worth $369,000 after buying an additional 403 shares during the last quarter. Northern Right Capital Management L.P. boosted its position 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 stake in shares of TKO Group by 26.6% in 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. 89.79% of the stock is currently owned by institutional investors.

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.