Police & Firemen s Retirement System of New Jersey Sells 17,995 Shares of TKO Group Holdings, Inc. $TKO

Police & Firemen s Retirement System of New Jersey lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 63.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,474 shares of the company’s stock after selling 17,995 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in TKO Group were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Kestra Private Wealth Services LLC boosted its holdings in shares of TKO Group by 17.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,852 shares of the company’s stock valued at $283,000 after buying an additional 279 shares in the last quarter. IFP Advisors Inc lifted its position in TKO Group by 11.2% during the first quarter. IFP Advisors Inc now owns 6,043 shares of the company’s stock valued at $923,000 after acquiring an additional 610 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in TKO Group in the first quarter valued at approximately $4,499,000. Roundview Capital LLC boosted its stake in TKO Group by 1.5% in the first quarter. Roundview Capital LLC now owns 22,391 shares of the company’s stock valued at $3,422,000 after acquiring an additional 327 shares in the last quarter. Finally, Pinnacle Associates Ltd. purchased a new position in TKO Group in the first quarter worth $6,977,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Trading Up 1.0%

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

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

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.76 per share. This is a boost 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%. The ex-dividend date was Monday, September 15th. TKO Group’s payout ratio is presently 116.48%.

TKO Group announced that its Board of Directors has approved a share repurchase program on Monday, September 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TKO. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Citigroup raised their price target on TKO Group from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, August 15th. BTIG Research restated a “buy” rating and set a $235.00 price target on shares of TKO Group in a research note on Tuesday. Bank of America increased their price objective on shares of TKO Group from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Finally, Guggenheim boosted their target price on shares of TKO Group from $205.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $222.23.

Insider Buying and Selling at TKO Group

In other TKO Group news, CFO Shane Kapral sold 254 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $183.56, for a total value of $46,624.24. Following the sale, the chief financial officer directly owned 2,282 shares of the company’s stock, valued at approximately $418,883.92. This represents a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $188.26, for a total value of $1,792,046.94. Following the transaction, the director owned 118,504 shares of the company’s stock, valued at $22,309,563.04. The trade was a 7.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 28,811 shares of company stock valued at $5,496,347. 61.30% of the stock is owned by insiders.

TKO Group Company 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.