Public Employees Retirement System of Ohio Makes New $9.70 Million Investment in TKO Group Holdings, Inc. $TKO

Public Employees Retirement System of Ohio purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 48,175 shares of the company’s stock, valued at approximately $9,698,000.

Several other institutional investors have also modified their holdings of the business. State Street Corp grew its stake in TKO Group by 20.3% during the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after purchasing an additional 887,401 shares in the last quarter. XN LP boosted its stake in shares of TKO Group by 6.3% in the 4th quarter. XN LP now owns 2,866,943 shares of the company’s stock valued at $599,191,000 after buying an additional 169,574 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of TKO Group by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock valued at $496,008,000 after buying an additional 395,040 shares during the period. Geode Capital Management LLC grew its position in shares of TKO Group by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,855,077 shares of the company’s stock worth $387,072,000 after buying an additional 49,486 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of TKO Group by 22.5% during the first quarter. Bank of America Corp DE now owns 1,393,727 shares of the company’s stock worth $281,045,000 after buying an additional 256,305 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Sanford C. Bernstein lowered their price target on shares of TKO Group from $240.00 to $235.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of TKO Group in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research report on Tuesday, August 4th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average target price of $238.08.

TKO Group Price Performance

TKO stock opened at $182.78 on Tuesday. The business has a 50 day moving average price of $190.82 and a 200 day moving average price of $195.68. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58. The stock has a market cap of $34.59 billion, a price-to-earnings ratio of 64.13 and a beta of 0.63. TKO Group Holdings, Inc. has a fifty-two week low of $176.00 and a fifty-two week high of $226.94.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.07). TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the company earned $1.17 earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.79 dividend. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. TKO Group’s payout ratio is 110.88%.

Insider Activity at TKO Group

In related news, CFO Andrew M. Schleimer sold 9,942 shares of TKO Group stock in a transaction 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 sale, the chief financial officer directly owned 38,051 shares in the company, valued at $7,396,733.89. This trade represents a 20.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel sold 24,702 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were 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 directly owned 174,334 shares of the company’s stock, valued at approximately $33,888,786.26. This trade represents a 12.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 120,404 shares of company stock valued at $23,196,582 over the last quarter. 64.30% of the stock is owned by insiders.

About TKO Group

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.