Braun Stacey Associates Inc. Purchases 4,781 Shares of TKO Group Holdings, Inc. $TKO

Braun Stacey Associates Inc. grew its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,992 shares of the company’s stock after buying an additional 4,781 shares during the quarter. Braun Stacey Associates Inc. owned 0.07% of TKO Group worth $26,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Perpetual Ltd bought a new position in TKO Group in the 4th quarter valued at approximately $26,046,000. Wealth Management Associates Inc. raised its stake in shares of TKO Group by 5.3% in the fourth quarter. Wealth Management Associates Inc. now owns 2,445 shares of the company’s stock worth $511,000 after purchasing an additional 124 shares during the last quarter. MRA Advisory Group lifted its holdings in shares of TKO Group by 146.8% during the fourth quarter. MRA Advisory Group now owns 2,498 shares of the company’s stock valued at $522,000 after purchasing an additional 1,486 shares in the last quarter. Perigon Wealth Management LLC bought a new position in shares of TKO Group during the fourth quarter valued at $650,000. Finally, Aberdeen Group plc boosted its position in shares of TKO Group by 17.2% during the fourth quarter. Aberdeen Group plc now owns 4,431 shares of the company’s stock valued at $926,000 after buying an additional 651 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling

In other news, CFO Andrew M. Schleimer sold 11,978 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 27,544 shares of the company’s stock, valued at $5,563,337.12. This trade represents a 30.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark S. Shapiro sold 32,022 shares of TKO Group stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $204.08, for a total value of $6,535,049.76. Following the transaction, the insider directly owned 104,842 shares in the company, valued at approximately $21,396,155.36. The trade was a 23.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,025 shares of company stock valued at $32,449,977 over the last three months. 61.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Morgan Stanley set a $210.00 target price on shares of TKO Group in a research note on Thursday, December 18th. Zacks Research downgraded shares of TKO Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. UBS Group increased their price target on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, TD Cowen raised 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 equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $232.25.

TKO Group Stock Performance

Shares of NYSE TKO opened at $203.83 on Friday. TKO Group Holdings, Inc. has a 12-month low of $133.07 and a 12-month high of $226.94. The firm has a market capitalization of $39.57 billion, a price-to-earnings ratio of 90.59 and a beta of 0.69. 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 firm has a 50 day moving average of $204.59 and a 200 day moving average of $199.68.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share 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 business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the business posted $0.28 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. On average, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

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

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.