TKO Group Holdings, Inc. $TKO Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 2.8% in the second quarter, Holdings Channel.com reports. The fund owned 12,416 shares of the company’s stock after selling 361 shares during the period. Yousif Capital Management LLC’s holdings in TKO Group were worth $2,259,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hemington Wealth Management lifted its stake in TKO Group by 425.0% during the first quarter. Hemington Wealth Management now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of TKO Group during the 1st quarter valued at $26,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of TKO Group during the 1st quarter valued at $27,000. Farther Finance Advisors LLC lifted its position in shares of TKO Group by 129.8% during the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company’s stock valued at $33,000 after acquiring an additional 122 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of TKO Group during the 2nd quarter valued at $34,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TKO has been the subject of several analyst reports. Robert W. Baird upped their target price on TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, September 16th. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Citigroup upped their price objective on shares of TKO Group from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Zacks Research raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Northcoast Research downgraded shares of TKO Group from a “buy” rating to a “neutral” rating in a research report on Thursday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $210.21.

TKO Group Price Performance

NYSE TKO opened at $188.98 on Friday. The company has a 50 day simple moving average of $193.02 and a 200-day simple moving average of $173.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $37.47 billion, a price-to-earnings ratio of 78.09 and a beta of 0.76. TKO Group Holdings, Inc. has a 52-week low of $114.01 and a 52-week high of $212.49.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.06). TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company earned $0.72 earnings per share. TKO Group’s revenue for the quarter was up 53.7% compared to the same quarter last year. Equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.76 per share. This is a positive change from TKO Group’s previous quarterly dividend of $0.38. This represents a $3.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, September 15th. TKO Group’s dividend payout ratio is 125.62%.

TKO Group declared that its Board of Directors has authorized a stock repurchase plan on Monday, September 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at TKO Group

In other news, Director Nick Khan sold 9,519 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $197.82, for a total transaction of $1,883,048.58. Following the completion of the sale, the director directly owned 128,023 shares of the company’s stock, valued at $25,325,509.86. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter C. B. Bynoe purchased 740 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were purchased at an average cost of $203.00 per share, with a total value of $150,220.00. Following the completion of the purchase, the director directly owned 5,187 shares in the company, valued at approximately $1,052,961. This represents a 16.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 73,725 shares of company stock valued at $12,966,373. 61.30% of the stock is owned by corporate insiders.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.