Key Points
- CFO Shane Kapral sold 254 shares on Dec. 1 at an average price of $192.82 for $48,976.28, reducing his holdings to 1,774 shares (a 12.52% drop); he also sold 254-share lots on Nov. 17 and Nov. 24, totaling 762 shares sold in three recent transactions.
- TKO missed earnings in its latest quarter, reporting $0.47 EPS versus $0.58 expected and revenue down 27.3% year‑over‑year, signaling weaker recent operating performance.
- The board approved a $1.0 billion share repurchase program (up to 2.5% of outstanding shares), indicating management believes the stock may be undervalued.
TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) CFO Shane Kapral sold 254 shares of the firm's stock in a transaction on Monday, December 1st. The stock was sold at an average price of $192.82, for a total value of $48,976.28. Following the completion of the transaction, the chief financial officer directly owned 1,774 shares of the company's stock, valued at approximately $342,062.68. This trade represents a 12.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shane Kapral also recently made the following trade(s):
- 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 Trading Up 0.5%
Shares of TKO Group stock opened at $195.67 on Thursday. TKO Group Holdings, Inc. has a 12-month low of $133.07 and a 12-month high of $212.49. The stock has a market capitalization of $38.17 billion, a P/E ratio of 74.76 and a beta of 0.65. The company has a 50-day simple moving average of $189.19 and a 200 day simple moving average of $181.00. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42.
TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.11). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. TKO Group's quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. Research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.
TKO Group declared that its board has approved a share repurchase program on Monday, September 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on TKO Group from $218.00 to $220.00 and gave the company an "overweight" rating in a research note on Tuesday. Pivotal Research increased their price target on shares of TKO Group from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, November 6th. Susquehanna reiterated a "positive" rating and issued a $229.00 price objective on shares of TKO Group in a research report on Thursday, November 6th. Arete Research raised shares of TKO Group to a "hold" rating in a research note on Wednesday, October 15th. Finally, Zacks Research downgraded shares of TKO Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given 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 price target of $222.85.
View Our Latest Stock Analysis on TKO Group
Hedge Funds Weigh In On TKO Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of TKO Group by 19.4% in the 1st quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company's stock valued at $1,218,951,000 after buying an additional 1,295,817 shares in the last quarter. Invesco Ltd. lifted its stake in TKO Group by 569.7% in the first quarter. Invesco Ltd. now owns 1,423,052 shares of the company's stock valued at $217,457,000 after buying an additional 1,210,563 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of TKO Group by 242.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company's stock valued at $228,675,000 after buying an additional 1,059,636 shares during the period. State Street Corp increased its position in shares of TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company's stock worth $1,060,106,000 after acquiring an additional 887,401 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of TKO Group during the second quarter worth $132,441,000. 89.79% of the stock is owned by institutional investors.
TKO Group Company Profile
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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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