TKO Group (NYSE:TKO) CFO Sells $1,171,215.12 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew Schleimer sold 5,739 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $204.08, for a total value of $1,171,215.12. Following the sale, the chief financial officer directly owned 16,239 shares of the company’s stock, valued at $3,314,055.12. The trade was a 26.11% decrease 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.

TKO Group Trading Up 0.0%

NYSE:TKO opened at $202.85 on Thursday. TKO Group Holdings, Inc. has a 12-month low of $133.07 and a 12-month high of $218.11. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $197.46 and its 200-day simple moving average is $188.82. The firm has a market cap of $39.57 billion, a P/E ratio of 77.72 and a beta of 0.62.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The firm’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. Equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were issued a $0.78 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. This is a boost from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio is presently 119.54%.

TKO Group declared that its Board of Directors has initiated a share repurchase program on Monday, September 15th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On TKO Group

Several hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. grew its holdings in shares of TKO Group by 20.0% during the first quarter. Baird Financial Group Inc. now owns 2,417 shares of the company’s stock worth $369,000 after buying an additional 403 shares in the last quarter. Royal Bank of Canada boosted its position in TKO Group by 26.6% during the first quarter. Royal Bank of Canada now owns 115,502 shares of the company’s stock worth $17,650,000 after acquiring an additional 24,245 shares during the last quarter. Amundi grew its stake in TKO Group by 338.7% in the 1st quarter. Amundi now owns 1,360 shares of the company’s stock worth $205,000 after acquiring an additional 1,050 shares during the period. Advisors Asset Management Inc. raised its holdings in TKO Group by 61.3% in the 1st quarter. Advisors Asset Management Inc. now owns 2,423 shares of the company’s stock valued at $370,000 after acquiring an additional 921 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of TKO Group by 10.7% during the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after purchasing an additional 696 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TKO has been the topic of a number of recent analyst reports. BTIG Research upped their price objective on TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Pivotal Research boosted their target price on shares of TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. TD Cowen increased their price target on shares of TKO Group from $230.00 to $245.00 and gave the company a “buy” rating in a report on Monday, December 8th. Arete Research raised shares of TKO Group to a “hold” rating in a report on Wednesday, October 15th. Finally, Robert W. Baird upped their target price on shares of TKO Group from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $226.00.

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.