TKO Group (NYSE:TKO) Sets New 52-Week Low – Should You Sell?

TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $170.92 and last traded at $171.58, with a volume of 71,398 shares. The stock had previously closed at $173.86.

Wall Street Analyst Weigh In

Several research analysts recently commented on TKO shares. Roth Capital reaffirmed a “buy” rating and issued a $230.00 target price on shares of TKO Group in a research note on Tuesday, August 4th. BTIG Research reissued a “buy” rating and set a $237.00 price target on shares of TKO Group in a research report on Tuesday, August 4th. Seaport Research Partners reissued a “buy” rating on shares of TKO Group in a report on Friday, October 9th. Sanford C. Bernstein boosted their price objective on shares of TKO Group from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of TKO Group in a research report on Tuesday, August 4th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $237.50.

Check Out Our Latest Stock Analysis on TKO

TKO Group Stock Up 2.0%

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $33.27 billion, a PE ratio of 61.67 and a beta of 0.67. The company has a 50 day moving average price of $186.87 and a 200-day moving average price of $190.76.

TKO Group (NYSE:TKO – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). TKO Group had a return on equity of 2.67% and a net margin of 4.33%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the business earned $1.17 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. As a group, analysts forecast that TKO Group Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 15th. TKO Group’s dividend payout ratio is presently 110.88%.

Insider Buying and Selling at TKO Group

In related news, Director Nick Khan sold 9,189 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $175.19, for a total transaction of $1,609,820.91. Following the sale, the director owned 20,162 shares of the company’s stock, valued at $3,532,180.78. The trade was a 31.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Andrew M. Schleimer sold 9,942 shares of TKO Group stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the transaction, the chief financial officer owned 38,051 shares of the company’s stock, valued at $7,396,733.89. The trade was a 20.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 120,404 shares of company stock worth $23,002,548. Corporate insiders own 64.30% of the company’s stock.

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently modified their holdings of TKO. Public Employees Retirement System of Ohio bought a new stake in shares of TKO Group during the second quarter valued at approximately $9,698,000. Hsbc Holdings PLC increased its holdings in shares of TKO Group by 38.1% in the 4th quarter. Hsbc Holdings PLC now owns 105,333 shares of the company’s stock worth $22,115,000 after purchasing an additional 29,076 shares in the last quarter. Generate Investment Management Ltd purchased a new position in shares of TKO Group in the first quarter worth $6,285,000. Fortis Capital Management LLC purchased a new position in shares of TKO Group in the first quarter worth $6,023,000. Finally, Cat Rock Capital Management LP raised its stake in shares of TKO Group by 10.7% in the second quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company’s stock worth $68,287,000 after purchasing an additional 32,700 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Company Profile

(Get Free Report)

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE). The company was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings, creating a platform focused on live sports and entertainment properties.

UFC organizes and promotes mixed martial arts events, distributes related media content, and manages sponsorship, licensing, and consumer products. WWE produces professional wrestling programming and live events, including its flagship brands and premium events, while also generating revenue through media rights, sponsorships, licensing, merchandise, and digital content.

TKO serves audiences and commercial partners internationally through televised and streaming programming, live events, and licensed products.

Further Reading

Receive News & Ratings for TKO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TKO Group and related companies with MarketBeat.com's FREE daily email newsletter.