Braun Stacey Associates Inc. Increases Stock Position in TKO Group Holdings, Inc. $TKO

Braun Stacey Associates Inc. raised its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 15.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 122,211 shares of the company’s stock after purchasing an additional 16,644 shares during the period. Braun Stacey Associates Inc. owned approximately 0.06% of TKO Group worth $24,682,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TKO. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 2.4% during the third quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company’s stock valued at $1,002,530,000 after purchasing an additional 113,996 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in TKO Group by 2.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,003,202 shares of the company’s stock valued at $364,483,000 after acquiring an additional 40,237 shares during the period. Invesco Ltd. lifted its stake in TKO Group by 26.9% during the 2nd quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock valued at $328,670,000 after acquiring an additional 383,325 shares during the period. Hawk Ridge Capital Management LP boosted its holdings in shares of TKO Group by 2.1% during the 1st 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 during the last quarter. Finally, Norges Bank bought a new stake in shares of TKO Group in the second quarter worth approximately $132,441,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of TKO Group in a research report on Monday. Zacks Research cut TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Guggenheim raised their price target on TKO Group from $205.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Cowen reiterated a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. Finally, Wolfe Research reissued an “outperform” rating and issued a $227.00 target price on shares of TKO Group in a report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average target price of $226.00.

TKO Group Trading Down 2.3%

Shares of TKO stock opened at $209.16 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $40.80 billion, a price-to-earnings ratio of 80.14 and a beta of 0.65. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $218.11. The firm has a fifty day moving average price of $196.12 and a 200-day moving average price of $187.83.

TKO Group (NYSE:TKO) last released 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 for the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. TKO Group’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. As a group, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a dividend of $0.78 per share. This is a boost from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TKO Group’s dividend payout ratio is presently 119.54%.

TKO Group declared that its board has authorized a share repurchase program on Monday, September 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at TKO Group

In other TKO Group news, CFO Shane Kapral sold 253 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $216.36, for a total transaction of $54,739.08. Following the sale, the chief financial officer owned 759 shares in the company, valued at approximately $164,217.24. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nick Khan sold 9,519 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.16, for a total transaction of $1,857,728.04. Following the completion of the sale, the director directly owned 108,985 shares of the company’s stock, valued at approximately $21,269,512.60. This trade represents a 8.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,815 shares of company stock valued at $4,003,632 over the last three months. 61.30% of the stock is currently owned by insiders.

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.