TKO Group Holdings, Inc. (NYSE:TKO) Receives Consensus Rating of “Moderate Buy” from Brokerages
by Michael Walen · The Markets DailyShares of TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $232.25.
A number of brokerages have recently issued reports on TKO. Citizens Jmp started coverage on shares of TKO Group in a research note on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a report on Monday, December 29th. Zacks Research cut shares of TKO Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Susquehanna restated a “positive” rating and issued a $251.00 target price on shares of TKO Group in a research note on Monday, January 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st.
TKO Group Price Performance
TKO opened at $203.83 on Friday. The business has a fifty day moving average of $204.59 and a 200 day moving average of $199.68. TKO Group has a 52-week low of $133.07 and a 52-week high of $226.94. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43. The stock has a market cap of $39.57 billion, a P/E ratio of 90.59 and a beta of 0.69.
TKO Group (NYSE:TKO – Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.20). TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $0.28 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that TKO Group will post 3.88 EPS for the current year.
TKO Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 annualized dividend and a yield of 1.5%. TKO Group’s dividend payout ratio is 138.67%.
Insider Transactions at TKO Group
In other TKO Group news, Director Nick Khan sold 37,425 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $204.01, for a total transaction of $7,635,074.25. Following the transaction, the director directly owned 122,868 shares in the company, valued at $25,066,300.68. This trade represents a 23.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Andrew M. Schleimer sold 11,978 shares of TKO Group stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total value of $2,419,316.44. Following the sale, the chief financial officer directly owned 27,544 shares of the company’s stock, valued at approximately $5,563,337.12. This trade represents a 30.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 159,025 shares of company stock worth $32,449,977 in the last ninety days. 61.30% of the stock is owned by company insiders.
Institutional Trading of TKO Group
Hedge funds have recently added to or reduced their stakes in the business. Elyxium Wealth LLC bought a new position in TKO Group during the 4th quarter worth about $27,000. Cromwell Holdings LLC raised its holdings in shares of TKO Group by 1,360.0% in the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares in the last quarter. Torren Management LLC purchased a new stake in shares of TKO Group in the 4th quarter worth approximately $32,000. CYBER HORNET ETFs LLC purchased a new stake in shares of TKO Group in the 2nd quarter worth approximately $34,000. Finally, Aventura Private Wealth LLC bought a new position in shares of TKO Group during the fourth quarter valued at approximately $35,000. 89.79% of the stock is owned by hedge funds and other institutional investors.
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.