TKO Group Holdings, Inc. $TKO Holdings Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 8.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 16,440 shares of the company’s stock after purchasing an additional 1,213 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in TKO Group were worth $2,991,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TKO. Kestra Private Wealth Services LLC boosted its position in TKO Group by 17.7% during the first quarter. Kestra Private Wealth Services LLC now owns 1,852 shares of the company’s stock valued at $283,000 after purchasing an additional 279 shares during the last quarter. IFP Advisors Inc grew its stake in shares of TKO Group by 11.2% in the 1st quarter. IFP Advisors Inc now owns 6,043 shares of the company’s stock valued at $923,000 after buying an additional 610 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in TKO Group in the first quarter worth approximately $4,499,000. Roundview Capital LLC raised its position in TKO Group by 1.5% during the first quarter. Roundview Capital LLC now owns 22,391 shares of the company’s stock valued at $3,422,000 after acquiring an additional 327 shares in the last quarter. Finally, Pinnacle Associates Ltd. acquired a new stake in TKO Group in the first quarter valued at approximately $6,977,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TKO Group

In related news, CFO Shane Kapral sold 254 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $183.56, for a total value of $46,624.24. Following the completion of the sale, the chief financial officer owned 2,282 shares in the company, valued at approximately $418,883.92. This trade represents a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $186.43, for a total value of $1,774,627.17. Following the sale, the director directly owned 137,456 shares in the company, valued at approximately $25,625,922.08. This trade represents a 6.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 28,811 shares of company stock worth $5,496,347 in the last ninety days. 61.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TKO. Robert W. Baird increased their price target on shares of TKO Group from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 16th. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Pivotal Research boosted their price target on TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. UBS Group increased their price objective on TKO Group from $200.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Finally, Sanford C. Bernstein raised their price objective on TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $222.23.

TKO Group Trading Up 1.0%

TKO Group stock opened at $188.46 on Thursday. TKO Group Holdings, Inc. has a 52 week low of $130.16 and a 52 week high of $212.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $37.37 billion, a PE ratio of 77.88 and a beta of 0.72. The business’s 50-day simple moving average is $191.67 and its 200-day simple moving average is $179.30.

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 analysts’ consensus estimates of $0.58 by ($0.11). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The business’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. TKO Group has set its FY 2025 guidance at EPS. Equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

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

TKO Group Increases Dividend

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

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.