Boston Partners Decreases Position in TKO Group Holdings, Inc. $TKO

Boston Partners lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 35.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,888 shares of the company’s stock after selling 23,367 shares during the quarter. Boston Partners’ holdings in TKO Group were worth $7,620,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TKO. Hemington Wealth Management raised its stake in shares of TKO Group by 425.0% in the first quarter. Hemington Wealth Management now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 136 shares during the period. Whittier Trust Co. increased its holdings in TKO Group by 350.0% in the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock worth $25,000 after acquiring an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in TKO Group in the 1st quarter valued at about $26,000. Golden State Wealth Management LLC lifted its holdings in TKO Group by 840.0% during the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after purchasing an additional 126 shares during the last quarter. Finally, Eastern Bank bought a new position in TKO Group during the second quarter worth about $34,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Price Performance

TKO Group stock opened at $193.90 on Friday. The stock has a market cap of $37.83 billion, a price-to-earnings ratio of 80.12 and a beta of 0.72. 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 business has a 50-day simple moving average of $189.48 and a 200 day simple moving average of $180.21. 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 released its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the business earned $0.28 EPS. The business’s revenue was down 27.3% on a year-over-year basis. TKO Group has set its FY 2025 guidance at EPS. On average, research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.76 per share. The ex-dividend date was Monday, September 15th. This is a boost from TKO Group’s previous quarterly dividend of $0.38. This represents a $3.04 annualized dividend and a yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is presently 116.48%.

TKO Group declared that its Board of Directors has approved a stock repurchase plan on Monday, September 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TKO has been the topic of several research reports. Guggenheim boosted their price target on shares of TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Baird R W raised shares of TKO Group to a “strong-buy” rating in a report on Friday, September 5th. Citigroup raised their price target on TKO Group from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Robert W. Baird boosted their price objective on TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, September 16th. Finally, BTIG Research reissued a “buy” rating and set a $235.00 price objective on shares of TKO Group in a report on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.23.

Insiders Place Their Bets

In related news, 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. The trade was a 6.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter C. B. Bynoe purchased 740 shares of the stock in a transaction on Tuesday, September 16th. The shares were purchased at an average price of $203.00 per share, for a total transaction of $150,220.00. Following the transaction, the director directly owned 5,187 shares of the company’s stock, valued at approximately $1,052,961. This represents a 16.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 29,065 shares of company stock valued at $5,541,640 in the last quarter. Corporate insiders own 61.30% of the company’s stock.

TKO Group Company 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.