TKO Group’s (TKO) Buy Rating Reiterated at BTIG Research

BTIG Research reaffirmed their buy rating on shares of TKO Group (NYSE:TKO) in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a $237.00 price target on the stock.

TKO has been the topic of a number of other research reports. Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. decreased their price target on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Roth Capital set a $228.00 target price on TKO Group in a report on Monday, May 4th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $233.53.

TKO Group Trading Down 1.0%

TKO Group stock opened at $181.90 on Wednesday. TKO Group has a 12-month low of $152.29 and a 12-month high of $226.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $35.31 billion, a PE ratio of 67.87 and a beta of 0.60. The firm has a 50 day simple moving average of $194.93 and a 200-day simple moving average of $197.74.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company earned $0.69 earnings per share. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, equities research analysts expect that TKO Group will post 4.92 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.79 per share. 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 dividend yield of 1.7%. The ex-dividend date was Monday, June 15th. TKO Group’s dividend payout ratio (DPR) is presently 117.91%.

Insider Transactions at TKO Group

In other TKO Group news, CEO Ariel Emanuel acquired 10,805 shares of the company’s stock in a transaction dated 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 purchase, the chief executive officer owned 154,655 shares in the company, valued at $28,625,093.95. This represents a 7.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark S. Shapiro acquired 10,807 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the completion of the acquisition, the insider directly owned 129,207 shares in the company, valued at $23,909,755.35. This trade represents a 9.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have acquired 24,308 shares of company stock valued at $4,499,679 and have sold 51,775 shares valued at $9,716,321. 64.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently added to or reduced their stakes in TKO. Amundi lifted its position in shares of TKO Group by 338.7% during the 1st quarter. Amundi now owns 1,360 shares of the company’s stock worth $205,000 after buying an additional 1,050 shares during the period. AQR Capital Management LLC grew its position in TKO Group by 10.7% in the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock valued at $1,083,000 after acquiring an additional 696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TKO Group by 4,722.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after acquiring an additional 8,595 shares in the last quarter. United Services Automobile Association bought a new position in shares of TKO Group during the first quarter valued at $218,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of TKO Group by 127.7% during the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after acquiring an additional 286 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

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.