Intech Investment Management LLC Purchases New Position in TKO Group Holdings, Inc. $TKO

Intech Investment Management LLC acquired a new position in TKO Group Holdings, Inc. (NYSE:TKO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,008 shares of the company’s stock, valued at approximately $2,913,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in TKO Group by 19.4% in the first quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock worth $1,218,951,000 after purchasing an additional 1,295,817 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of TKO Group by 14.4% in the 2nd quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after buying an additional 611,233 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of TKO Group by 2.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,003,202 shares of the company’s stock worth $364,483,000 after buying an additional 40,237 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of TKO Group by 242.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company’s stock valued at $228,675,000 after buying an additional 1,059,636 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of TKO Group by 569.7% in the 1st quarter. Invesco Ltd. now owns 1,423,052 shares of the company’s stock valued at $217,457,000 after acquiring an additional 1,210,563 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Trading Up 1.0%

NYSE TKO opened at $188.46 on Thursday. The stock has a market cap of $37.37 billion, a PE ratio of 77.88 and a beta of 0.72. TKO Group Holdings, Inc. has a 12 month low of $130.16 and a 12 month high of $212.49. The company’s 50-day moving average price is $191.67 and its 200-day moving average price is $179.30. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 earnings per share 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 the consensus estimate of $1.12 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The company’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. TKO Group has set its FY 2025 guidance at EPS. Equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, September 15th. TKO Group’s payout ratio is presently 116.48%.

TKO Group declared that its Board of Directors has approved a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a report on Tuesday. Sanford C. Bernstein lifted their price objective on shares of TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Guggenheim increased their target price on shares of TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. BTIG Research restated a “buy” rating and issued a $235.00 target price on shares of TKO Group in a report on Tuesday. Finally, Robert W. Baird lifted their price target on shares of TKO Group from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $222.23.

Insider Activity at TKO Group

In other news, Director Peter C. B. Bynoe bought 740 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was acquired at an average cost of $203.00 per share, with a total value of $150,220.00. Following the transaction, the director directly owned 5,187 shares in the company, valued at approximately $1,052,961. This trade represents a 16.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nick Khan sold 9,519 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $188.26, for a total value of $1,792,046.94. Following the completion of the sale, the director owned 118,504 shares of the company’s stock, valued at $22,309,563.04. This represents a 7.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 28,811 shares of company stock worth $5,496,347. Company insiders own 61.30% of the company’s stock.

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.