TKO Group (NYSE:TKO) Coverage Initiated by Analysts at Citizens Jmp

Citizens Jmp assumed coverage on shares of TKO Group (NYSE:TKO) in a report published on Monday, Marketbeat.com reports. The firm issued a mkt outperform rating and a $240.00 price target on the stock.

Several other equities analysts also recently commented on the stock. Pivotal Research boosted their price target on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. UBS Group lifted their target price on TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Morgan Stanley set a $210.00 price target on shares of TKO Group in a research note on Thursday, December 18th. Roth Mkm reiterated a “buy” rating and issued a $240.00 target price on shares of TKO Group in a research note on Thursday, February 12th. Finally, TD Cowen upped their price target on TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $232.25.

TKO Group Trading Up 3.2%

Shares of NYSE TKO opened at $195.25 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $37.90 billion, a PE ratio of 86.78 and a beta of 0.66. TKO Group has a twelve month low of $133.07 and a twelve month high of $226.94. The stock has a fifty day simple moving average of $204.66 and a 200-day simple moving average of $199.66.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.20). TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company posted $0.28 EPS. TKO Group’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts forecast that TKO Group will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.78 dividend. The ex-dividend date is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s payout ratio is 138.67%.

Insiders Place Their Bets

In other TKO Group news, CFO Andrew M. Schleimer sold 11,978 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total value of $2,419,316.44. Following the completion of the transaction, the chief financial officer owned 27,544 shares in the company, valued at approximately $5,563,337.12. This represents a 30.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Seth D. Krauss sold 14,016 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $201.22, for a total transaction of $2,820,299.52. Following the sale, the insider owned 2,271 shares in the company, valued at $456,970.62. The trade was a 86.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 168,802 shares of company stock worth $34,480,366. 53.80% of the stock is owned by insiders.

Institutional Investors Weigh In On TKO Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Congress Asset Management Co. increased its holdings in TKO Group by 20.9% during the 3rd quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock valued at $110,084,000 after acquiring an additional 94,100 shares in the last quarter. Moran Wealth Management LLC lifted its holdings in shares of TKO Group by 95.2% in the third quarter. Moran Wealth Management LLC now owns 39,043 shares of the company’s stock valued at $7,885,000 after purchasing an additional 19,040 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of TKO Group by 558.3% in the third quarter. Nisa Investment Advisors LLC now owns 33,342 shares of the company’s stock valued at $6,734,000 after purchasing an additional 28,277 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of TKO Group in the third quarter valued at approximately $2,678,000. Finally, American Century Companies Inc. grew its position in shares of TKO Group by 35.9% in the third quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock valued at $146,653,000 after purchasing an additional 191,743 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.