Wright Investors Service Inc. Raises Stock Holdings in TKO Group Holdings, Inc. $TKO

Wright Investors Service Inc. raised its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 71.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,165 shares of the company’s stock after acquiring an additional 2,561 shares during the period. Wright Investors Service Inc.’s holdings in TKO Group were worth $1,245,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. raised its holdings in shares of TKO Group by 350.0% during the second quarter. Whittier Trust Co. now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 105 shares during the last quarter. Golden State Wealth Management LLC grew its position in TKO Group by 840.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after purchasing an additional 126 shares during the period. Cromwell Holdings LLC raised its stake in TKO Group by 1,360.0% during the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after buying an additional 136 shares during the last quarter. Eastern Bank bought a new position in shares of TKO Group during the 2nd quarter valued at $34,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of TKO Group during the 2nd quarter valued at $34,000. 89.79% of the stock is currently owned by institutional investors.

TKO Group Trading Up 0.4%

Shares of NYSE:TKO opened at $208.71 on Friday. The stock has a 50 day moving average of $199.57 and a 200 day moving average of $189.89. The company has a market cap of $40.72 billion, a PE ratio of 79.97 and a beta of 0.62. TKO Group Holdings, Inc. has a 12-month low of $133.07 and a 12-month high of $218.11. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.TKO Group’s revenue was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. As a group, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a $0.78 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.12 annualized dividend and a yield of 1.5%. This is an increase from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s payout ratio is currently 119.54%.

Insiders Place Their Bets

In related news, CFO Andrew M. Schleimer sold 5,739 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $204.08, for a total transaction of $1,171,215.12. Following the completion of the sale, the chief financial officer owned 16,239 shares in the company, valued at approximately $3,314,055.12. This trade represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Shane Kapral sold 749 shares of TKO Group stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $198.83, for a total value of $148,923.67. Following the sale, the chief financial officer directly owned 3,131 shares in the company, valued at $622,536.73. This trade represents a 19.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 114,409 shares of company stock worth $23,111,434 in the last three months. 61.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

TKO has been the subject of several research analyst reports. Morgan Stanley set a $210.00 price objective on TKO Group in a report on Thursday, December 18th. Sanford C. Bernstein boosted their price target on TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Wolfe Research reaffirmed an “outperform” rating and set a $227.00 price target on shares of TKO Group in a research report on Monday, December 15th. Guggenheim increased their price objective on shares of TKO Group from $205.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, Cowen restated a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. Two 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. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.00.

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.