Jmac Enterprises LLC bought a new position in TKO Group Holdings, Inc. (NYSE:TKO – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,900 shares of the company’s stock, valued at approximately $701,000.
Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of TKO Group during the 3rd quarter valued at about $2,741,000. State of Wyoming raised its holdings in shares of TKO Group by 9.3% during the third quarter. State of Wyoming now owns 2,563 shares of the company’s stock valued at $461,000 after purchasing an additional 218 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of TKO Group by 195.2% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,200 shares of the company’s stock valued at $1,114,000 after purchasing an additional 4,100 shares during the last quarter. Motley Fool Asset Management LLC bought a new position in TKO Group during the third quarter valued at approximately $1,802,000. Finally, Moody Aldrich Partners LLC lifted its position in TKO Group by 29.5% during the third quarter. Moody Aldrich Partners LLC now owns 1,550 shares of the company’s stock valued at $279,000 after purchasing an additional 353 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.
TKO Group News Summary
Here are the key news stories impacting TKO Group this week:
- Positive Sentiment: TKO reported third-quarter adjusted earnings of $1.33 per share, above the $1.20 analyst consensus and up from $0.50 a year earlier. The company also raised its full-year guidance again. TKO Raises Guidance Again As UFC Powers Q3 Earnings
- Positive Sentiment: UFC revenue surged 60% year over year, helping drive the earnings beat; UFC generated $519.2 million in revenue during the quarter. Killer Q3 For UFC Helps TKO Beat Wall Street Earnings Forecasts
- Negative Sentiment: Revenue of $1.36 billion came in slightly below the $1.38 billion analyst estimate. Reports attributed the shortfall in part to a slowdown at WWE, which partially offset UFC’s strong performance. TKO Group Profit Jumps on Media Rights Revenue
Analysts Set New Price Targets
Several brokerages recently issued reports on TKO. The Goldman Sachs Group dropped their target price on shares of TKO Group from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Sanford C. Bernstein boosted their target price on shares of TKO Group from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. BTIG Research reissued a “buy” rating and set a $237.00 price target on shares of TKO Group in a report on Wednesday, October 21st. Benchmark restated a “hold” rating on shares of TKO Group in a research note on Tuesday, August 4th. Finally, Rothschild & Co Redburn lifted their price objective on TKO Group from $220.00 to $225.00 in a report on Wednesday, August 5th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus target price of $228.65.
Check Out Our Latest Report on TKO
TKO Group Stock Performance
TKO opened at $193.25 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The company has a market cap of $36.58 billion, a price-to-earnings ratio of 67.81 and a beta of 0.66. The company’s 50 day moving average is $182.51 and its 200 day moving average is $193.25. TKO Group Holdings, Inc. has a 12-month low of $170.14 and a 12-month high of $226.94.
TKO Group (NYSE:TKO – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The firm’s revenue was up 21.4% on a year-over-year basis. On average, equities research analysts predict that TKO Group Holdings, Inc. will post 4.43 EPS for the current year.
TKO Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s payout ratio is presently 110.88%.
Insider Buying and Selling at TKO Group
In other TKO Group news, CEO Ariel Emanuel sold 24,702 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the completion of the sale, the chief executive officer owned 174,334 shares of the company’s stock, valued at approximately $33,888,786.26. The trade was a 12.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,189 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $175.19, for a total value of $1,609,820.91. Following the completion of the sale, the director owned 20,162 shares of the company’s stock, valued at approximately $3,532,180.78. The trade was a 31.31% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 97,325 shares of company stock worth $18,798,012. 64.30% of the stock is currently owned by insiders.
TKO Group Profile
TKO Group Holdings, Inc is a sports and entertainment company that owns and operates UFC and WWE, two global combat-sports and sports-entertainment brands. UFC promotes mixed martial arts events, while WWE produces live and televised professional wrestling programming featuring its roster of performers, storylines and branded events.
In addition to its core properties, TKO provides related media, licensing, sponsorship, live-event and consumer-products opportunities. The company’s businesses serve audiences internationally through live events, broadcast and streaming distribution, digital content, merchandise and other commercial partnerships.
TKO was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings.
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