Key Points
- CFO Shane Kapral sold shares again: Kapral sold 254 shares on March 9 at an average $199.15 for $50,584 and, combined with a string of prior sales since January, has sold roughly 6,773 shares overall, leaving him with 99 shares (a 71.95% reduction).
- Quarterly results mixed: TKO reported a ($0.08) EPS (missing estimates by $0.20) while revenue of $1.04 billion beat expectations and rose 11.9% year-over-year.
- Dividend declared despite high payout ratio: The company announced a $0.78 quarterly dividend (paid March 31, ex-dividend March 16), equal to a $3.12 annualized payout and a 1.5% yield with a payout ratio of 138.67%.
TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) CFO Shane Kapral sold 254 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $199.15, for a total transaction of $50,584.10. Following the completion of the sale, the chief financial officer directly owned 99 shares in the company, valued at approximately $19,715.85. The trade was a 71.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shane Kapral also recently made the following trade(s):
- On Tuesday, March 3rd, Shane Kapral sold 616 shares of TKO Group stock. The stock was sold at an average price of $221.91, for a total transaction of $136,696.56.
- On Monday, February 23rd, Shane Kapral sold 616 shares of TKO Group stock. The shares were sold at an average price of $210.00, for a total transaction 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 transaction 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 transaction 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 transaction 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 shares were sold at an average price of $203.77, for a total value 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 value of $148,923.67.
- On Wednesday, January 7th, Shane Kapral sold 224 shares of TKO Group stock. The stock was sold at an average price of $201.47, for a total value of $45,129.28.
TKO Group Stock Up 0.7%
Shares of NYSE:TKO opened at $205.45 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $39.88 billion, a P/E ratio of 91.31 and a beta of 0.66. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $226.94. The stock's fifty day simple moving average is $207.14 and its 200-day simple moving average is $199.17.
TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.20). TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the business posted $0.28 EPS. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.
TKO Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.78 per share. The ex-dividend date is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TKO Group's payout ratio is 138.67%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of TKO Group from a "hold" rating to a "sell" rating in a research note on Saturday. Susquehanna reaffirmed a "positive" rating and issued a $251.00 target price on shares of TKO Group in a research note on Monday, January 19th. JPMorgan Chase & Co. boosted their price target on TKO Group from $220.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, January 21st. TD Cowen restated a "buy" rating on shares of TKO Group in a report on Monday, December 8th. Finally, Pivotal Research lifted their price objective on TKO Group from $235.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $231.40.
Check Out Our Latest Report on TKO Group
Hedge Funds Weigh In On TKO Group
Institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC boosted its holdings in shares of TKO Group by 840.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company's stock valued at $26,000 after purchasing an additional 126 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of TKO Group during the 4th quarter valued at $27,000. Cromwell Holdings LLC increased its holdings in shares of TKO Group by 1,360.0% during the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company's stock worth $29,000 after buying an additional 136 shares during the last quarter. Torren Management LLC acquired a new stake in shares of TKO Group during the 4th quarter worth $32,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of TKO Group in the 2nd quarter worth $34,000. 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.
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