TKO Group Holdings, Inc. (NYSE:TKO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $233.7333.

TKO has been the subject of several recent research reports. Citizens Jmp initiated coverage on TKO Group in a report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price target for the company. Pivotal Research increased their price target on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Wolfe Research reiterated a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Roth Mkm set a $228.00 price target on TKO Group in a report on Monday, May 4th.

Insiders Place Their Bets

In other TKO Group news, CEO Ariel Emanuel bought 10,805 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the purchase, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at approximately $28,625,093.95. The trade was a 7.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark S. Shapiro purchased 10,807 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the transaction, the insider directly owned 129,207 shares of the company’s stock, valued at approximately $23,909,755.35. The trade was a 9.13% increase in their position. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have purchased 24,308 shares of company stock valued at $4,499,679 and have sold 28,625 shares valued at $5,650,725. Corporate insiders own 64.30% of the company’s stock.

Hedge Funds Weigh In On TKO Group

Large investors have recently modified their holdings of the stock. M & L Capital Management Ltd bought a new position in shares of TKO Group during the fourth quarter worth about $2,978,000. American Century Companies Inc. lifted its position in shares of TKO Group by 35.9% during the third quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock worth $146,653,000 after purchasing an additional 191,743 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of TKO Group during the third quarter worth about $10,105,000. Perpetual Ltd bought a new position in shares of TKO Group during the fourth quarter worth about $26,046,000. Finally, Ninety One SA Pty Ltd lifted its holdings in TKO Group by 86.2% in the fourth quarter. Ninety One SA Pty Ltd now owns 133,187 shares of the company’s stock worth $27,836,000 after acquiring an additional 61,657 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Trading Down 2.6%

Shares of TKO Group stock opened at $194.79 on Thursday. TKO Group has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The firm has a market cap of $37.81 billion, a PE ratio of 72.68 and a beta of 0.59. The business’s fifty day moving average is $193.55 and its two-hundred day moving average is $201.01. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. Analysts anticipate that TKO Group will post 4.96 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, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.79 per share. This is a boost from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, June 15th. TKO Group’s payout ratio is 117.91%.

About TKO Group

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.