Key Points
- CFO Shane Kapral sold 254 shares on Nov. 24 at an average price of $178.32 for $45,293, leaving him with 2,028 shares (an 11.13% reduction); he also sold 254 shares on Nov. 17 at $183.56.
- TKO shares trade near $193.68 with a market cap of $37.8B and a high P/E (~80); the company recently doubled its quarterly dividend to $0.76 and authorized a $1.0B share repurchase, while analysts hold a "Moderate Buy" consensus target of $222.23.
TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) CFO Shane Kapral sold 254 shares of TKO Group stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $178.32, for a total value of $45,293.28. Following the transaction, the chief financial officer owned 2,028 shares of the company's stock, valued at $361,632.96. This trade represents a 11.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shane Kapral also recently made the following trade(s):
- 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
TKO stock traded up $6.26 during mid-day trading on Thursday, hitting $193.68. The company had a trading volume of 873,737 shares, compared to its average volume of 1,269,989. The firm has a market cap of $37.78 billion, a PE ratio of 80.03 and a beta of 0.72. TKO Group Holdings, Inc. has a 12 month low of $133.07 and a 12 month high of $212.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30. The stock's fifty day moving average price is $189.81 and its two-hundred day moving average price is $179.88.
TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The business's revenue was down 27.3% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. TKO Group has set its FY 2025 guidance at EPS. On average, analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.
TKO Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.76 dividend. This is a positive change from TKO Group's previous quarterly dividend of $0.38. This represents a $3.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, September 15th. TKO Group's dividend payout ratio (DPR) is 116.48%.
TKO Group announced that its Board of Directors has initiated a share repurchase program on Monday, September 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.
Analysts Set New Price Targets
Several equities research analysts have recently commented on TKO shares. Robert W. Baird raised their target price on shares of TKO Group from $225.00 to $250.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 16th. UBS Group lifted their price objective on TKO Group from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Sanford C. Bernstein raised their price target on shares of TKO Group from $190.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 6th. BTIG Research reaffirmed a "buy" rating and set a $235.00 price objective on shares of TKO Group in a research report on Tuesday, November 18th. Finally, Bank of America lifted their target price on TKO Group from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, TKO Group presently has an average rating of "Moderate Buy" and a consensus target price of $222.23.
Read Our Latest Analysis on TKO
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hartford Investment Management Co. purchased a new stake in TKO Group in the first quarter valued at $623,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in TKO Group by 368.8% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,186 shares of the company's stock worth $8,949,000 after acquiring an additional 38,695 shares during the period. Ninety One UK Ltd raised its position in 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 boosted its position in 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 in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of TKO Group during the 1st quarter worth approximately $6,138,000. Institutional investors own 89.79% of the company's stock.
About TKO Group
(
Get Free Report)
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.
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