Choreo LLC Grows Stake in TKO Group Holdings, Inc. $TKO

Choreo LLC increased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 56.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,171 shares of the company’s stock after purchasing an additional 2,590 shares during the quarter. Choreo LLC’s holdings in TKO Group were worth $1,305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whittier Trust Co. raised its holdings in TKO Group by 350.0% during the second quarter. Whittier Trust Co. now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 105 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of TKO Group by 840.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after buying an additional 126 shares in the last quarter. Hemington Wealth Management grew its position in shares of TKO Group by 425.0% in the 1st 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 last quarter. Eastern Bank purchased a new position in shares of TKO Group in the 2nd quarter valued at $34,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in TKO Group during the 2nd quarter worth $36,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TKO has been the subject of several research analyst reports. Robert W. Baird upped their price objective on shares of TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, September 16th. Arete Research raised TKO Group to a “hold” rating in a research report on Wednesday, October 15th. Susquehanna restated a “positive” rating and set a $229.00 price target on shares of TKO Group in a research note on Thursday, November 6th. Guggenheim boosted their price objective on TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Bank of America increased their price objective on TKO Group from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.23.

Insider Buying and Selling at TKO Group

In other news, Director Peter C. B. Bynoe acquired 740 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was bought at an average price of $203.00 per share, for a total transaction of $150,220.00. Following the transaction, the director owned 5,187 shares in the company, valued at $1,052,961. This represents a 16.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Shane Kapral sold 254 shares of TKO Group stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $178.32, for a total transaction of $45,293.28. Following the completion of the sale, the chief financial officer directly owned 2,028 shares in the company, valued at approximately $361,632.96. The trade was a 11.13% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 29,065 shares of company stock valued at $5,541,640. 61.30% of the stock is owned by company insiders.

TKO Group Stock Performance

Shares of TKO stock opened at $193.90 on Friday. The stock’s 50-day moving average price is $189.48 and its 200 day moving average price is $180.32. 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 stock has a market capitalization of $37.83 billion, a PE ratio of 80.12 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 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). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The company’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. TKO Group has set its FY 2025 guidance at EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.76 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $3.04 annualized dividend and a yield of 1.6%. This is an increase from TKO Group’s previous quarterly dividend of $0.38. TKO Group’s dividend payout ratio is presently 116.48%.

TKO Group declared that its board has initiated 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 reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

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.