Key Points
- CFO Shane Kapral has been selling stock: The Dec. 22 filing shows he sold 254 shares at an average $214.08 (≈$54,376) and the article lists weekly insider sales from Nov. 17 through Dec. 29 totaling roughly 1,777 shares, materially reducing his stake.
- Mixed fundamentals but shareholder returns boosted: TKO trades near $215 with a $42.1B market cap and recently missed quarterly EPS ($0.47 vs. $0.58) with revenue down 27.3% YoY, yet the company raised its quarterly dividend to $0.78 and authorized a $1.0 billion share buyback (~2.5% of shares).
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 22nd. The stock was sold at an average price of $214.08, for a total transaction of $54,376.32. Following the transaction, the chief financial officer owned 1,012 shares in the company, valued at approximately $216,648.96. This trade represents a 20.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was 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 shares were 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 transaction of $45,293.28.
- On Monday, November 17th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $183.56, for a total value of $46,624.24.
TKO Group Stock Down 0.7%
Shares of TKO opened at $215.93 on Tuesday. The business's fifty day moving average price is $194.67 and its two-hundred day moving average price is $187.17. The firm has a market capitalization of $42.12 billion, a price-to-earnings ratio of 82.73 and a beta of 0.65. TKO Group Holdings, Inc. has a 52 week low of $133.07 and a 52 week high of $218.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46.
TKO Group (NYSE:TKO - Get Free Report) last released 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). TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. The company's revenue was down 27.3% compared to the same quarter last year. On average, analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.
TKO Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, December 15th. This is a boost from TKO Group's previous quarterly dividend of $0.76. TKO Group's dividend payout ratio is currently 119.54%.
TKO Group declared that its board has initiated 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 repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Pivotal Research boosted their price target on shares of TKO Group from $225.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, November 6th. TD Cowen lifted their target price on shares of TKO Group from $230.00 to $245.00 and gave the stock a "buy" rating in a report on Monday, December 8th. Wolfe Research reissued an "outperform" rating and issued a $227.00 price target on shares of TKO Group in a research note on Monday, December 15th. Morgan Stanley set a $210.00 price target on TKO Group in a research report on Thursday, December 18th. Finally, Baird R W upgraded TKO Group to a "strong-buy" rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, TKO Group presently has an average rating of "Moderate Buy" and an average target price of $225.00.
Check Out Our Latest Research Report on TKO
Hedge Funds Weigh In On TKO Group
Institutional investors and hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in TKO Group by 368.8% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,186 shares of the company's stock valued at $8,949,000 after purchasing an additional 38,695 shares during the last quarter. Ninety One UK Ltd increased 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 worth $882,459,000 after buying an additional 611,233 shares during the last quarter. Congress Asset Management Co. raised its stake in TKO Group by 20.9% in the third quarter. Congress Asset Management Co. now owns 545,079 shares of the company's stock valued at $110,084,000 after buying an additional 94,100 shares during the period. Hawk Ridge Capital Management LP lifted its position in shares of TKO Group by 2.1% in the first quarter. Hawk Ridge Capital Management LP now owns 734,274 shares of the company's stock valued at $112,204,000 after buying an additional 14,760 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of TKO Group during the 1st quarter worth approximately $6,138,000. Institutional investors and hedge funds own 89.79% of the company's stock.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
