TKO Group (NYSE:TKO) Receives “Peer Perform” Rating from Wolfe Research

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

Other research analysts have also recently issued research reports about the company. Morgan Stanley set a $210.00 target price on TKO Group in a research note on Thursday, December 18th. Susquehanna reiterated a “positive” rating and issued a $251.00 target price on shares of TKO Group in a research note on Monday, January 19th. TD Cowen restated a “buy” rating on shares of TKO Group in a report on Monday, December 8th. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Finally, UBS Group raised their target price on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $231.40.

TKO Group Trading Down 2.8%

NYSE TKO traded down $5.91 on Thursday, hitting $205.84. 113,706 shares of the stock were exchanged, compared to its average volume of 907,521. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. TKO Group has a 52-week low of $133.07 and a 52-week high of $226.94. The firm has a market capitalization of $40.16 billion, a P/E ratio of 91.48 and a beta of 0.66. The stock has a fifty day moving average price of $207.84 and a two-hundred day moving average price of $198.56.

TKO Group (NYSE:TKO) last released 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). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. TKO Group had a return on equity of 2.07% and a net margin of 4.13%.TKO Group’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. Research analysts forecast that TKO Group will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.78 dividend. The ex-dividend date is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TKO Group’s payout ratio is currently 138.67%.

Insider Activity

In related news, CFO Shane Kapral sold 616 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 353 shares in the company, valued at $78,334.23. The trade was a 63.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nick Khan sold 9,518 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $220.29, for a total transaction of $2,096,720.22. Following the completion of the sale, the director owned 110,048 shares of the company’s stock, valued at approximately $24,242,473.92. This trade represents a 7.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 169,563 shares of company stock worth $34,642,745. Corporate insiders own 61.30% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 acquiring an additional 9,000 shares in the last quarter. Axxcess Wealth Management LLC grew its position in TKO Group by 5.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,425 shares of the company’s stock worth $298,000 after purchasing an additional 72 shares during the last quarter. Corient Private Wealth LLC increased its stake in TKO Group by 16.6% during the 4th quarter. Corient Private Wealth LLC now owns 5,582 shares of the company’s stock valued at $1,166,000 after purchasing an additional 794 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in TKO Group by 27.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,979 shares of the company’s stock valued at $414,000 after purchasing an additional 429 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of TKO Group by 26.8% in the fourth quarter. Raymond James Financial Inc. now owns 527,716 shares of the company’s stock worth $112,042,000 after buying an additional 111,649 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other 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.