Intech Investment Management LLC Takes $2.91 Million Position in TKO Group Holdings, Inc. $TKO

Intech Investment Management LLC acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the second quarter, HoldingsChannel reports. The fund acquired 16,008 shares of the company’s stock, valued at approximately $2,913,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in TKO Group by 19.4% in the first quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock worth $1,218,951,000 after buying an additional 1,295,817 shares in the last quarter. Invesco Ltd. raised its position in shares of TKO Group by 569.7% in the 1st quarter. Invesco Ltd. now owns 1,423,052 shares of the company’s stock worth $217,457,000 after acquiring an additional 1,210,563 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of TKO Group by 242.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company’s stock worth $228,675,000 after acquiring an additional 1,059,636 shares in the last quarter. Ninety One UK Ltd lifted its stake in shares of TKO Group by 14.4% during the 2nd quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after purchasing an additional 611,233 shares during the last quarter. Finally, Congress Asset Management Co. bought a new stake in TKO Group during the second quarter valued at about $82,056,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Baird R W upgraded shares of TKO Group to a “strong-buy” rating in a report on Friday, September 5th. Pivotal Research boosted their price objective on shares of TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Roth Capital increased their target price on shares of TKO Group from $208.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Citigroup lifted their price target on shares of TKO Group from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Finally, Susquehanna reiterated a “positive” rating and set a $229.00 price objective on shares of TKO Group in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $222.23.

TKO Group Price Performance

NYSE TKO opened at $188.46 on Thursday. The company has a market cap of $37.37 billion, a price-to-earnings ratio of 77.88 and a beta of 0.72. 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 stock’s fifty day moving average price is $191.67 and its 200 day moving average price is $179.30. TKO Group Holdings, Inc. has a 1 year low of $130.16 and a 1 year high of $212.49.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The business’s revenue was down 27.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. TKO Group has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.76 dividend. This is an increase from TKO Group’s previous quarterly dividend of $0.38. This represents a $3.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, September 15th. TKO Group’s payout ratio is currently 116.48%.

TKO Group announced that its Board of Directors has authorized a stock repurchase program on Monday, September 15th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Nick Khan sold 9,519 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $186.43, for a total value of $1,774,627.17. Following the transaction, the director owned 137,456 shares in the company, valued at approximately $25,625,922.08. This represents a 6.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shane Kapral sold 254 shares of TKO Group stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $183.56, for a total transaction of $46,624.24. Following the sale, the chief financial officer owned 2,282 shares of the company’s stock, valued at approximately $418,883.92. The trade was a 10.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 28,811 shares of company stock worth $5,496,347. 61.30% of the stock is owned by company insiders.

About TKO Group

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.