TKO Group Holdings, Inc. $TKO Stock Holdings Lifted by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. grew its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 7.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 138,509 shares of the company’s stock after acquiring an additional 9,924 shares during the period. Braun Stacey Associates Inc.’s holdings in TKO Group were worth $27,883,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Elyxium Wealth LLC acquired a new position in shares of TKO Group in the 4th quarter worth $27,000. Cornerstone Planning Group LLC raised its position in shares of TKO Group by 543.5% during the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the period. Torren Management LLC purchased a new stake in shares of TKO Group during the fourth quarter valued at $32,000. CYBER HORNET ETFs LLC purchased a new stake in shares of TKO Group during the second quarter valued at $34,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of TKO Group in the 2nd quarter valued at $36,000. 89.79% of the stock is owned by institutional investors.

TKO Group Trading Up 0.2%

Shares of NYSE TKO opened at $184.70 on Friday. TKO Group Holdings, Inc. has a one year low of $176.00 and a one year high of $226.94. The firm has a market capitalization of $34.96 billion, a PE ratio of 64.81 and a beta of 0.63. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $191.12 and a two-hundred day moving average price of $195.99.

TKO Group (NYSE:TKO) last released its earnings results on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS. As a group, analysts predict that TKO Group Holdings, Inc. will post 5.18 earnings per share 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 given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a yield of 1.7%. TKO Group’s payout ratio is presently 110.88%.

Insider Activity at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 9,942 shares of TKO Group stock in a transaction 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 completion of the sale, the chief financial officer owned 38,051 shares of the company’s stock, valued at $7,396,733.89. This trade represents a 20.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark S. Shapiro sold 19,120 shares of TKO Group stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $3,716,736.80. Following the sale, the insider directly owned 147,071 shares of the company’s stock, valued at $28,589,131.69. This trade represents a 11.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 120,404 shares of company stock worth $23,196,582 in the last 90 days. 64.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TKO has been the topic of a number of analyst reports. Sanford C. Bernstein dropped their price target on TKO Group from $240.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. JPMorgan Chase & Co. decreased their target price on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Roth Capital reissued a “buy” rating and issued a $230.00 target price on shares of TKO Group in a research report on Tuesday, August 4th. Finally, Benchmark restated a “hold” rating on shares of TKO Group in a report on Tuesday, August 4th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $238.08.

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.