Creative Planning Increases Stock Holdings in TKO Group Holdings, Inc. $TKO

Creative Planning increased its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 10.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,256 shares of the company’s stock after acquiring an additional 1,156 shares during the quarter. Creative Planning’s holdings in TKO Group were worth $2,230,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TKO. Hartford Investment Management Co. purchased a new position in TKO Group in the 1st quarter valued at about $623,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in TKO Group by 368.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,186 shares of the company’s stock worth $8,949,000 after buying an additional 38,695 shares in the last quarter. Ninety One UK Ltd raised its holdings in shares of TKO Group by 14.4% during the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock valued at $882,459,000 after acquiring an additional 611,233 shares during the last quarter. Hawk Ridge Capital Management LP lifted its position in shares of TKO Group by 2.1% in the first quarter. Hawk Ridge Capital Management LP now owns 734,274 shares of the company’s stock valued at $112,204,000 after acquiring an additional 14,760 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of TKO Group in the first quarter valued at approximately $6,138,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TKO Group

In other TKO Group news, CFO Shane Kapral sold 254 shares of TKO Group stock in a transaction on Monday, November 17th. The stock was sold at an average price of $183.56, for a total value of $46,624.24. Following the sale, the chief financial officer owned 2,282 shares in the company, valued at $418,883.92. The trade was a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nick Khan sold 9,519 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $186.43, for a total value of $1,774,627.17. Following the completion of the transaction, the director directly owned 137,456 shares in the company, valued at approximately $25,625,922.08. This trade represents a 6.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 28,811 shares of company stock worth $5,496,347. Insiders own 61.30% of the company’s stock.

TKO Group Stock Up 3.1%

NYSE TKO opened at $187.27 on Wednesday. The business’s fifty day simple moving average is $189.96 and its 200-day simple moving average is $179.78. 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 firm has a market cap of $36.53 billion, a PE ratio of 77.39 and a beta of 0.72. TKO Group Holdings, Inc. has a 52 week low of $133.07 and a 52 week high of $212.49.

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

TKO Group announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 15th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.76 per share. 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. This is a boost from TKO Group’s previous quarterly dividend of $0.38. TKO Group’s dividend payout ratio is presently 116.48%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Pivotal Research increased their price objective on TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Baird R W raised shares of TKO Group to a “strong-buy” rating in a report on Friday, September 5th. UBS Group increased their target price on shares of TKO Group from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. BTIG Research restated a “buy” rating and set a $235.00 price target on shares of TKO Group in a research report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $182.00 to $212.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.23.

About TKO Group

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.