Braun Stacey Associates Inc. Acquires 16,644 Shares of TKO Group Holdings, Inc. $TKO

Braun Stacey Associates Inc. boosted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 15.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 122,211 shares of the company’s stock after purchasing an additional 16,644 shares during the quarter. Braun Stacey Associates Inc.’s holdings in TKO Group were worth $24,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 2.4% in the third quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company’s stock worth $1,002,530,000 after buying an additional 113,996 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in TKO Group by 2.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,003,202 shares of the company’s stock valued at $364,483,000 after acquiring an additional 40,237 shares in the last quarter. Invesco Ltd. increased its holdings in TKO Group by 26.9% in the 2nd quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock valued at $328,670,000 after acquiring an additional 383,325 shares during the last quarter. Hawk Ridge Capital Management LP lifted its stake in TKO Group by 2.1% in the 1st quarter. Hawk Ridge Capital Management LP now owns 734,274 shares of the company’s stock worth $112,204,000 after purchasing an additional 14,760 shares in the last quarter. Finally, Norges Bank bought a new position in shares of TKO Group during the 2nd quarter valued at about $132,441,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Down 2.3%

NYSE TKO opened at $209.16 on Friday. TKO Group Holdings, Inc. has a 52 week low of $133.07 and a 52 week high of $218.11. The firm has a market capitalization of $40.80 billion, a price-to-earnings ratio of 80.14 and a beta of 0.65. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $196.12 and a two-hundred day moving average of $187.83.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.11). The firm had revenue of $1.12 billion during 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. On average, analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

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

TKO Group announced that its board has initiated a stock repurchase plan on Monday, September 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Cowen reaffirmed a “buy” rating on shares of TKO Group in a report on Monday, December 8th. Sanford C. Bernstein lifted their price objective on TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. UBS Group upped their price objective on TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Arete Research upgraded shares of TKO Group to a “hold” rating in a research report on Wednesday, October 15th. Finally, Morgan Stanley set a $210.00 price objective on shares of TKO Group in a research report on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average target price of $226.00.

Insider Activity at TKO Group

In related news, Director Nick Khan sold 9,519 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.16, for a total transaction of $1,857,728.04. Following the completion of the transaction, the director owned 108,985 shares in the company, valued at $21,269,512.60. The trade was a 8.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shane Kapral sold 253 shares of the stock in a transaction on Monday, December 29th. The stock was sold at an average price of $216.36, for a total value of $54,739.08. Following the completion of the sale, the chief financial officer owned 759 shares in the company, valued at approximately $164,217.24. The trade was a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 20,815 shares of company stock worth $4,003,632. Company insiders own 61.30% 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.