Barings LLC Sells 1,868 Shares of TKO Group Holdings, Inc. $TKO

Barings LLC decreased its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 15.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,271 shares of the company’s stock after selling 1,868 shares during the quarter. Barings LLC’s holdings in TKO Group were worth $1,869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of TKO Group by 19.4% in the first quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock valued at $1,218,951,000 after buying an additional 1,295,817 shares in the last quarter. Invesco Ltd. increased its position in 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 in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of TKO Group by 242.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company’s stock worth $228,675,000 after acquiring an additional 1,059,636 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of TKO Group by 14.4% in the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after acquiring an additional 611,233 shares during the last quarter. Finally, Congress Asset Management Co. acquired a new position in shares of TKO Group during the second quarter worth approximately $82,056,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Stock Performance

TKO stock opened at $178.13 on Friday. TKO Group Holdings, Inc. has a twelve month low of $133.07 and a twelve month high of $212.49. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. The company has a market cap of $34.75 billion, a P/E ratio of 73.61 and a beta of 0.72. The business’s fifty day moving average is $190.68 and its 200-day moving average is $179.44.

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

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.76 dividend. The ex-dividend date was Monday, September 15th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from TKO Group’s previous quarterly dividend of $0.38. TKO Group’s dividend payout ratio is 116.48%.

TKO Group announced that its Board of Directors has approved a stock buyback program on Monday, September 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Morgan Stanley lifted their target price on TKO Group from $165.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Roth Capital upped their price target on TKO Group from $208.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. boosted their price objective on TKO Group from $182.00 to $212.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, TKO Group 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 acquired 740 shares of TKO Group stock in a transaction that occurred on Tuesday, September 16th. The shares were acquired at an average price of $203.00 per share, with a total value of $150,220.00. Following the purchase, the director directly owned 5,187 shares of the company’s stock, valued at $1,052,961. The trade was a 16.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nick Khan sold 9,519 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $188.26, for a total transaction of $1,792,046.94. Following the completion of the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,811 shares of company stock worth $5,496,347 in the last ninety days. 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.