Public Employees Retirement System of Ohio Raises Stock Holdings in TKO Group Holdings, Inc. $TKO

Public Employees Retirement System of Ohio increased its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 101.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,220 shares of the company’s stock after purchasing an additional 22,249 shares during the period. Public Employees Retirement System of Ohio’s holdings in TKO Group were worth $8,917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TKO. Vontobel Holding Ltd. lifted its holdings in shares of TKO Group by 108,668.4% during the 4th quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock worth $265,062,000 after acquiring an additional 1,267,073 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in TKO Group by 54.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after acquiring an additional 1,128,749 shares during the last quarter. State Street Corp increased its stake in TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after acquiring an additional 887,401 shares during the last quarter. Norges Bank purchased a new stake in TKO Group during the fourth quarter valued at about $150,602,000. Finally, Alliancebernstein L.P. raised its position in TKO Group by 551.8% during the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock valued at $90,059,000 after purchasing an additional 419,021 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Ariel Emanuel acquired 10,805 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the purchase, the chief executive officer owned 154,655 shares of the company’s stock, valued at $28,625,093.95. This represents a 7.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew M. Schleimer bought 2,696 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $185.44 per share, for a total transaction of $499,946.24. Following the completion of the acquisition, the chief financial officer directly owned 30,240 shares of the company’s stock, valued at approximately $5,607,705.60. This represents a 9.79% increase in their position. The SEC filing for this purchase provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 28,696 shares worth $5,511,785. Insiders own 64.30% of the company’s stock.

TKO Group Price Performance

Shares of TKO stock opened at $182.79 on Tuesday. The firm has a market cap of $35.48 billion, a P/E ratio of 68.20 and a beta of 0.60. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The business’s 50 day moving average price is $195.55 and its 200-day moving average price is $198.18. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. TKO Group’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. On average, equities research analysts anticipate that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.79 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is presently 117.91%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TKO. Roth Capital set a $228.00 price objective on TKO Group in a report on Monday, May 4th. Guggenheim decreased their price objective on TKO Group from $232.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Sanford C. Bernstein dropped their target price on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, BTIG Research reiterated a “buy” rating and set a $237.00 price target on shares of TKO Group in a research report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus target price of $233.87.

TKO Group 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.