TKO Group (NYSE:TKO) CFO Sells $1,932,625.38 in Stock

Key Points

• TKO Group CFO Andrew Schleimer sold 9,942 shares for approximately $1.93 million at an average price of $194.39. The sale was made to cover tax withholding related to vested equity awards, reducing his ownership by 20.72% to 38,051 shares.
• TKO shares rose 5.1% to $201.95, while the company’s latest quarterly revenue increased 18.2% year over year to $1.55 billion. However, earnings per share of $1.34 fell short of analysts’ $1.41 consensus estimate.
• The company raised its quarterly dividend to $0.79 per share, or $3.16 annually, producing a 1.6% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $238.08.

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) CFO Andrew Schleimer sold 9,942 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the transaction, the chief financial officer owned 38,051 shares in the company, valued at approximately $7,396,733.89. This represents a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

TKO Group Stock Up 5.1%

NYSE:TKO traded up $9.84 during trading hours on Wednesday, reaching $201.95. The company's stock had a trading volume of 949,299 shares, compared to its average volume of 1,093,496. The company has a market capitalization of $38.22 billion, a P/E ratio of 70.86 and a beta of 0.63. TKO Group Holdings, Inc. has a 12 month low of $176.00 and a 12 month high of $226.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a 50 day moving average price of $192.69 and a two-hundred day moving average price of $196.66.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.41 by ($0.07). The company had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%.The firm's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. Equities analysts predict that TKO Group Holdings, Inc. will post 5.18 EPS for the current fiscal year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.79 per share. This is an increase from TKO Group's previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group's dividend payout ratio (DPR) is currently 110.88%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Benchmark reiterated a "hold" rating on shares of TKO Group in a research note on Tuesday, August 4th. Roth Capital restated a "buy" rating and issued a $230.00 price target on shares of TKO Group in a report on Tuesday, August 4th. Wall Street Zen raised shares of TKO Group from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. reduced their price objective on shares of TKO Group from $225.00 to $222.00 and set an "overweight" rating for the company in a research note on Tuesday, July 21st. Finally, Guggenheim increased their target price on shares of TKO Group from $230.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $238.08.

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Elyxium Wealth LLC purchased a new stake in shares of TKO Group during the fourth quarter valued at $27,000. Cornerstone Planning Group LLC raised its stake in TKO Group by 543.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company's stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Torren Management LLC acquired a new stake in TKO Group during the 4th quarter worth about $32,000. CYBER HORNET ETFs LLC purchased a new stake in TKO Group during the 2nd quarter valued at about $34,000. Finally, MUFG Securities EMEA plc purchased a new stake in TKO Group during the 2nd quarter valued at about $36,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Company Profile

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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