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

Braun Stacey Associates Inc. increased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,992 shares of the company’s stock after purchasing an additional 4,781 shares during the period. Braun Stacey Associates Inc.’s holdings in TKO Group were worth $26,541,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. State Street Corp increased its stake in TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after buying an additional 887,401 shares in the last quarter. Ninety One UK Ltd lifted its position 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 valued at $1,002,530,000 after acquiring an additional 113,996 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of TKO Group by 2.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,057,020 shares of the company’s stock worth $415,436,000 after acquiring an additional 53,818 shares during the period. Invesco Ltd. grew its position in shares of TKO Group by 26.9% during the second quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock worth $328,670,000 after purchasing an additional 383,325 shares in the last quarter. Finally, UBS Group AG raised its stake in TKO Group by 31.7% during the 3rd quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock valued at $257,326,000 after purchasing an additional 307,000 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on TKO shares. Roth Mkm restated a “buy” rating and issued a $240.00 price target on shares of TKO Group in a research note on Thursday, February 12th. Wolfe Research reiterated a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. Sanford C. Bernstein raised their target price on shares of TKO Group from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a report on Monday, December 29th. Finally, Zacks Research cut shares of TKO Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average price target of $232.25.

TKO Group Stock Performance

NYSE:TKO opened at $203.83 on Friday. The company has a market cap of $39.57 billion, a price-to-earnings ratio of 90.59 and a beta of 0.69. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $226.94. The stock’s 50 day simple moving average is $204.59 and its two-hundred day simple moving average is $199.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a $0.78 dividend. 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, March 16th. TKO Group’s dividend payout ratio (DPR) is presently 138.67%.

Insider Activity

In related news, insider Seth D. Krauss sold 2,271 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total value of $455,812.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nick Khan sold 9,518 shares of TKO Group stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $220.29, for a total value of $2,096,720.22. Following the completion of the transaction, the director owned 110,048 shares of the company’s stock, valued at approximately $24,242,473.92. This represents a 7.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 159,025 shares of company stock worth $32,449,977. 61.30% of the stock is currently owned by corporate insiders.

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.