Public Employees Retirement System of Ohio Increases Stake in TKO Group Holdings, Inc. $TKO

Public Employees Retirement System of Ohio raised its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 101.3% in the first quarter, Holdings Channel reports. The firm owned 44,220 shares of the company’s stock after acquiring an additional 22,249 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in TKO Group were worth $8,917,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vontobel Holding Ltd. lifted its stake in shares of TKO Group by 108,668.4% in the fourth quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock worth $265,062,000 after buying an additional 1,267,073 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after acquiring an additional 1,128,749 shares in the last quarter. State Street Corp raised its holdings in TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after acquiring an additional 887,401 shares during the last quarter. Norges Bank purchased a new position in TKO Group in the 4th quarter worth approximately $150,602,000. Finally, Alliancebernstein L.P. lifted its position in TKO Group by 551.8% in the 2nd quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock valued at $90,059,000 after acquiring an additional 419,021 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TKO Group

In other news, CEO Ariel Emanuel acquired 10,805 shares of TKO Group stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the transaction, the chief executive officer owned 154,655 shares in the company, valued at $28,625,093.95. The trade was a 7.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew M. Schleimer acquired 2,696 shares of TKO Group stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $185.44 per share, with a total value of $499,946.24. Following the transaction, the chief financial officer owned 30,240 shares of the company’s stock, valued at $5,607,705.60. The trade was a 9.79% increase in their position. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders purchased 24,308 shares of company stock worth $4,499,679 and sold 28,696 shares worth $5,511,785. Company insiders own 64.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TKO. Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citizens Jmp assumed coverage on TKO Group in a research note on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price target for the company. Guggenheim lowered their price target on TKO Group from $232.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Sanford C. Bernstein dropped their price objective on TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. reduced their price objective on TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $233.87.

TKO Group Stock Up 1.2%

Shares of TKO Group stock opened at $182.79 on Tuesday. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $195.55 and its 200 day moving average is $198.18. The company has a market cap of $35.48 billion, a price-to-earnings ratio of 68.20 and a beta of 0.60.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Research analysts anticipate that TKO Group Holdings, Inc. will post 4.94 EPS for the current year.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.79 dividend. This is an increase from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. TKO Group’s dividend payout ratio (DPR) is 117.91%.

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.