TKO Group Holdings, Inc. (NYSE:TKO) Receives Average Rating of “Moderate Buy” from Analysts

TKO Group Holdings, Inc. (NYSE:TKO) has been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $238.0769.

TKO has been the subject of a number of research reports. Benchmark reiterated a “hold” rating on shares of TKO Group in a research note on Tuesday, August 4th. Guggenheim raised their target price on shares of TKO Group from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Sanford C. Bernstein cut their target price on shares of TKO Group from $240.00 to $235.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Roth Capital reiterated a “buy” rating and set a $230.00 price target on shares of TKO Group in a research note on Tuesday, August 4th.

TKO Group Stock Up 0.2%

TKO opened at $193.56 on Tuesday. TKO Group has a one year low of $176.00 and a one year high of $226.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $36.64 billion, a P/E ratio of 67.92 and a beta of 0.63. The business’s 50-day simple moving average is $191.97 and its 200-day simple moving average is $196.49.

TKO Group (NYSE:TKO) last announced its earnings results on Monday, August 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. Analysts anticipate that TKO Group will post 5.18 EPS for the current year.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.79 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, June 15th. TKO Group’s dividend payout ratio (DPR) is presently 110.88%.

Insider Buying and Selling at TKO Group

In other news, CEO Ariel Emanuel sold 24,702 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the completion of the sale, the chief executive officer owned 174,334 shares in the company, valued at approximately $33,888,786.26. This represents a 12.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer sold 9,942 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $1,932,625.38. Following the transaction, the chief financial officer directly owned 38,051 shares in the company, valued at approximately $7,396,733.89. This represents a 20.72% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 120,404 shares of company stock valued at $23,196,582 over the last ninety days. 64.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CreativeOne Wealth LLC increased its holdings in shares of TKO Group by 2.1% in the fourth quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock valued at $541,000 after purchasing an additional 54 shares during the period. Stephens Inc. AR lifted its holdings in shares of TKO Group by 2.7% during the fourth quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock worth $451,000 after purchasing an additional 56 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of TKO Group by 6.3% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock worth $192,000 after purchasing an additional 56 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in TKO Group by 29.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company’s stock valued at $52,000 after buying an additional 57 shares during the last quarter. Finally, Colonial River Investments LLC grew its position in TKO Group by 4.5% in the 4th quarter. Colonial River Investments LLC now owns 1,414 shares of the company’s stock valued at $296,000 after buying an additional 61 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Company Profile

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.