TKO Group’s (TKO) “Buy” Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of TKO Group (NYSE:TKO) in a report released on Wednesday,Benzinga reports. They currently have a $237.00 price objective on the stock.

Several other brokerages also recently issued reports on TKO. JPMorgan Chase & Co. lowered their price target on TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Guggenheim cut their price objective on TKO Group from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Tuesday. Susquehanna decreased their target price on TKO Group from $235.00 to $224.00 and set a “positive” rating for the company in a research note on Friday, October 16th. Arete Research upgraded TKO Group from a “neutral” rating to a “buy” rating and set a $208.00 target price for the company in a research note on Tuesday. Finally, Roth Capital reaffirmed a “buy” rating and issued a $230.00 target price on shares of TKO Group in a report on Tuesday, August 4th. Eleven 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.62.

TKO Group Stock Performance

NYSE:TKO opened at $172.86 on Wednesday. TKO Group has a 1 year low of $170.92 and a 1 year high of $226.94. The firm’s fifty day simple moving average is $184.70 and its 200 day simple moving average is $189.80. 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 firm has a market capitalization of $32.72 billion, a PE ratio of 60.65 and a beta of 0.67.

TKO Group (NYSE:TKO) last announced its 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 return on equity of 2.67% and a net margin of 4.33%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the business earned $1.17 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts anticipate that TKO Group will post 4.43 EPS for the current year.

TKO Group Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, September 15th. TKO Group’s dividend payout ratio is presently 110.88%.

Insider Transactions at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 19,120 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 $3,716,736.80. Following the sale, the insider owned 147,071 shares in the company, valued at $28,589,131.69. The trade was a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer sold 9,942 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 $1,932,625.38. Following the completion of 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 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. Over the last three months, insiders have sold 97,325 shares of company stock valued at $18,798,012. Company insiders own 64.30% of the company’s stock.

Hedge Funds Weigh In On TKO Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC increased its stake in TKO Group by 543.5% in the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the period. Ameritas Advisory Services LLC acquired a new position in TKO Group in the second quarter worth about $43,000. Summit Securities Group LLC raised its position in TKO Group by 211.1% in the first quarter. Summit Securities Group LLC now owns 308 shares of the company’s stock worth $62,000 after purchasing an additional 209 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in TKO Group in the first quarter worth about $79,000. Finally, AlphaCentric Advisors LLC bought a new position in TKO Group during the first quarter worth about $99,000. 89.79% of the stock is owned by institutional investors.

TKO Group Company 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.