TKO Group Holdings, Inc. $TKO Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,440 shares of the company’s stock after acquiring an additional 1,213 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in TKO Group were worth $2,991,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Whittier Trust Co. increased its holdings in TKO Group by 350.0% during the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 105 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of TKO Group by 840.0% in the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after buying an additional 126 shares during the last quarter. Hemington Wealth Management raised 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 in the last quarter. N.E.W. Advisory Services LLC bought a new position in TKO Group during the 1st quarter valued at $26,000. Finally, Eastern Bank acquired a new position in TKO Group during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TKO. UBS Group upped their target price on shares of TKO Group from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Pivotal Research boosted their price objective on TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Roth Capital increased their target price on TKO Group from $208.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Susquehanna reiterated a “positive” rating and issued a $229.00 price target on shares of TKO Group in a report on Thursday, November 6th. Finally, Arete Research raised TKO Group to a “hold” rating in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $222.23.

Insider Activity

In other news, Director Peter C. B. Bynoe bought 740 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were bought at an average cost of $203.00 per share, with a total value of $150,220.00. Following the purchase, the director directly owned 5,187 shares in the company, valued at $1,052,961. This trade represents a 16.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nick Khan sold 9,519 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $186.43, for a total value of $1,774,627.17. Following the transaction, the director directly owned 137,456 shares in the company, valued at $25,625,922.08. The trade was a 6.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 28,811 shares of company stock worth $5,496,347. Corporate insiders own 61.30% of the company’s stock.

TKO Group Stock Up 1.0%

NYSE:TKO opened at $188.46 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $191.67 and a 200-day moving average of $179.30. The firm has a market capitalization of $37.37 billion, a PE ratio of 77.88 and a beta of 0.72. TKO Group Holdings, Inc. has a 52 week low of $130.16 and a 52 week high of $212.49.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The company’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. TKO Group has set its FY 2025 guidance at EPS. Analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.76 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.38. This represents a $3.04 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, September 15th. TKO Group’s dividend payout ratio (DPR) is 116.48%.

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

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.