TKO Group Holdings, Inc. $TKO Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in TKO Group Holdings, Inc. (NYSE:TKO) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,416 shares of the company’s stock after selling 361 shares during the quarter. Yousif Capital Management LLC’s holdings in TKO Group were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hemington Wealth Management boosted its holdings in TKO Group by 425.0% in the first quarter. Hemington Wealth Management now owns 168 shares of the company’s stock valued at $25,000 after acquiring an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in TKO Group in the first quarter valued at $26,000. Bartlett & CO. Wealth Management LLC acquired a new position in TKO Group in the first quarter valued at $27,000. Farther Finance Advisors LLC raised its position in TKO Group by 129.8% in the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company’s stock valued at $33,000 after purchasing an additional 122 shares during the period. Finally, Eastern Bank purchased a new position in TKO Group in the second quarter valued at about $34,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Buying and Selling

In other TKO Group news, Director Nick Khan sold 45,168 shares of TKO Group stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $170.82, for a total value of $7,715,597.76. Following the completion of the transaction, the director directly owned 156,494 shares in the company, valued at $26,732,305.08. The trade was a 22.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Peter C. B. Bynoe bought 740 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was bought at an average price of $203.00 per share, with a total value of $150,220.00. Following the completion of the purchase, the director owned 5,187 shares of the company’s stock, valued at $1,052,961. This trade represents a 16.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 73,725 shares of company stock valued at $12,966,373. 61.30% of the stock is currently owned by insiders.

TKO Group Stock Up 0.6%

Shares of TKO Group stock opened at $188.98 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. The firm has a market cap of $37.47 billion, a P/E ratio of 78.09 and a beta of 0.76. TKO Group Holdings, Inc. has a fifty-two week low of $114.01 and a fifty-two week high of $212.49. The business has a 50-day moving average price of $193.02 and a 200 day moving average price of $173.42.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.06). The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.23 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The firm’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. On average, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group announced that its Board of Directors has authorized a stock repurchase plan on Monday, September 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.76 dividend. The ex-dividend date was Monday, September 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.38. This represents a $3.04 dividend on an annualized basis and a yield of 1.6%. TKO Group’s payout ratio is presently 125.62%.

Wall Street Analyst Weigh In

Several research analysts have commented on TKO shares. Bank of America raised their price objective on TKO Group from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Citigroup raised their price objective on TKO Group from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Northcoast Research lowered TKO Group from a “buy” rating to a “neutral” rating in a research report on Thursday, July 10th. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Roth Capital raised their price objective on TKO Group from $208.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $210.21.

TKO Group Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.