TKO Group’s (TKO) “Peer Perform” Rating Reiterated at Wolfe Research

Wolfe Research reiterated their peer perform rating on shares of TKO Group (NYSE:TKO) in a report published on Thursday, MarketBeat.com reports.

TKO has been the subject of several other research reports. TD Cowen restated a “buy” rating on shares of TKO Group in a report on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TKO Group in a report on Monday, December 29th. Roth Mkm reiterated a “buy” rating and set a $240.00 target price on shares of TKO Group in a research report on Thursday, February 12th. Morgan Stanley set a $210.00 price target on shares of TKO Group in a research report on Thursday, December 18th. Finally, Sanford C. Bernstein upped their price target on shares of TKO Group from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $231.40.

TKO Group Stock Down 4.2%

Shares of TKO stock opened at $202.90 on Thursday. The company’s fifty day simple moving average is $207.55 and its two-hundred day simple moving average is $198.78. TKO Group has a 52 week low of $133.07 and a 52 week high of $226.94. The stock has a market cap of $39.58 billion, a P/E ratio of 90.18 and a beta of 0.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts predict that TKO Group will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, March 16th. TKO Group’s dividend payout ratio is presently 138.67%.

Insider Buying and Selling

In other TKO Group news, insider Seth D. Krauss sold 2,271 shares of TKO Group stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total transaction of $455,812.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shane Kapral sold 616 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $221.91, for a total transaction of $136,696.56. Following the transaction, the chief financial officer owned 353 shares in the company, valued at $78,334.23. This trade represents a 63.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 169,563 shares of company stock worth $34,642,745 over the last three months. 61.30% of the stock is owned by insiders.

Hedge Funds Weigh In On TKO Group

Several hedge funds have recently added to or reduced their stakes in TKO. Hsbc Holdings PLC lifted its stake in TKO Group by 38.1% in the fourth quarter. Hsbc Holdings PLC now owns 105,333 shares of the company’s stock worth $22,115,000 after purchasing an additional 29,076 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of TKO Group by 150.0% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,000 shares of the company’s stock valued at $3,135,000 after buying an additional 9,000 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of TKO Group by 5.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,425 shares of the company’s stock worth $298,000 after buying an additional 72 shares during the period. Corient Private Wealth LLC lifted its stake in shares of TKO Group by 16.6% during the 4th quarter. Corient Private Wealth LLC now owns 5,582 shares of the company’s stock worth $1,166,000 after acquiring an additional 794 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of TKO Group by 27.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,979 shares of the company’s stock worth $414,000 after acquiring an additional 429 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Company Profile

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.