TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) CFO Shane Kapral sold 616 shares of the company's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $221.91, for a total transaction of $136,696.56. Following the transaction, the chief financial officer owned 353 shares of the company's stock, valued at approximately $78,334.23. This trade represents a 63.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shane Kapral also recently made the following trade(s):
- On Monday, February 23rd, Shane Kapral sold 616 shares of TKO Group stock. The stock was sold at an average price of $210.00, for a total value of $129,360.00.
- On Tuesday, February 17th, Shane Kapral sold 616 shares of TKO Group stock. The shares were sold at an average price of $208.01, for a total value of $128,134.16.
- On Monday, February 9th, Shane Kapral sold 616 shares of TKO Group stock. The shares were sold at an average price of $211.54, for a total value of $130,308.64.
- On Monday, February 2nd, Shane Kapral sold 616 shares of TKO Group stock. The stock was sold at an average price of $202.04, for a total value of $124,456.64.
- On Tuesday, January 27th, Shane Kapral sold 615 shares of TKO Group stock. The stock was sold at an average price of $202.72, for a total value of $124,672.80.
- On Thursday, January 22nd, Shane Kapral sold 1,238 shares of TKO Group stock. The shares were sold at an average price of $201.98, for a total value of $250,051.24.
- On Tuesday, January 20th, Shane Kapral sold 613 shares of TKO Group stock. The stock was sold at an average price of $203.77, for a total transaction of $124,911.01.
- On Monday, January 12th, Shane Kapral sold 749 shares of TKO Group stock. The stock was sold at an average price of $198.83, for a total transaction of $148,923.67.
- On Wednesday, January 7th, Shane Kapral sold 224 shares of TKO Group stock. The shares were sold at an average price of $201.47, for a total transaction of $45,129.28.
- On Monday, January 5th, Shane Kapral sold 1,946 shares of TKO Group stock. The stock was sold at an average price of $204.21, for a total transaction of $397,392.66.
TKO Group Price Performance
NYSE TKO traded down $5.75 during trading hours on Thursday, hitting $210.48. 89,522 shares of the company's stock traded hands, compared to its average volume of 894,296. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $226.94. The company has a market capitalization of $41.06 billion, a PE ratio of 93.55 and a beta of 0.66. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. The firm's 50-day moving average is $207.96 and its 200-day moving average is $198.47.
TKO Group (NYSE:TKO - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.20). The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.02 billion. TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share. Equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.
TKO Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TKO Group's payout ratio is 138.67%.
Institutional Trading of TKO Group
Institutional investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new stake in TKO Group during the 4th quarter worth about $27,000. Golden State Wealth Management LLC grew its position in shares of TKO Group by 840.0% during the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company's stock worth $26,000 after buying an additional 126 shares in the last quarter. Cromwell Holdings LLC increased its stake in shares of TKO Group by 1,360.0% during the third quarter. Cromwell Holdings LLC now owns 146 shares of the company's stock worth $29,000 after buying an additional 136 shares during the period. Torren Management LLC purchased a new stake in shares of TKO Group during the fourth quarter worth approximately $32,000. Finally, Aventura Private Wealth LLC acquired a new stake in TKO Group in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 89.79% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on TKO shares. TD Cowen reiterated a "buy" rating on shares of TKO Group in a report on Monday, December 8th. Morgan Stanley set a $210.00 price objective on shares of TKO Group in a research report on Thursday, December 18th. JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $220.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, January 21st. BTIG Research dropped their price target on shares of TKO Group from $250.00 to $237.00 and set a "buy" rating for the company in a research note on Thursday, February 19th. Finally, Sanford C. Bernstein raised their price target on shares of TKO Group from $230.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday, February 19th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $231.40.
View Our Latest Stock Report on TKO
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].
