Key Points
- Insider sale: CFO Shane Kapral sold 254 shares on Dec. 8 at an average price of $202.41 for $51,412.14, trimming his holdings to 1,520 shares (a 14.32% decrease) after multiple similar weekly sales in Nov–Dec.
- Fundamentals and capital returns: TKO missed quarterly EPS expectations ($0.47 vs. $0.58) with revenue down 27.3% YoY, yet the company boosted its quarterly dividend to $0.78 and authorized a $1.0 billion share buyback.
TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) CFO Shane Kapral sold 254 shares of the company's stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $202.41, for a total value of $51,412.14. Following the completion of the transaction, the chief financial officer owned 1,520 shares in the company, valued at $307,663.20. This represents a 14.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shane Kapral also recently made the following trade(s):
- 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 Trading Down 3.4%
NYSE TKO opened at $196.93 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. TKO Group Holdings, Inc. has a 1-year low of $133.07 and a 1-year high of $212.49. The firm's fifty day simple moving average is $189.22 and its 200-day simple moving average is $182.29. The company has a market capitalization of $38.42 billion, a PE ratio of 75.45 and a beta of 0.65.
TKO Group (NYSE:TKO - Get Free Report) last issued its 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). 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 during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the firm earned $0.28 EPS. The business's revenue for the quarter was down 27.3% compared to the same quarter last year. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, December 15th. 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 1.6%. TKO Group's payout ratio is 116.48%.
TKO Group declared that its Board of Directors has authorized a stock 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 buy up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of 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 last quarter. Ninety One UK Ltd increased its position in shares of TKO Group by 14.4% in the 2nd quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company's stock valued at $882,459,000 after buying an additional 611,233 shares in the last quarter. Hawk Ridge Capital Management LP raised its position in shares of TKO Group by 2.1% during the first 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 during the period. Empowered Funds LLC acquired a new position in TKO Group during the first quarter valued at approximately $6,138,000. Finally, Royal Bank of Canada raised its stake in shares of TKO Group by 26.6% during the 1st quarter. Royal Bank of Canada now owns 115,502 shares of the company's stock worth $17,650,000 after purchasing an additional 24,245 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. Citigroup increased their price target on shares of TKO Group from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Guggenheim increased their target price on shares of TKO Group from $205.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 15th. BTIG Research reissued a "buy" rating and issued a $235.00 price objective on shares of TKO Group in a research note on Tuesday, November 18th. Finally, Robert W. Baird upped their target price on TKO Group from $225.00 to $250.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $224.43.
Get Our Latest Stock Analysis on TKO Group
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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