TKO Group (NYSE:TKO) Research Coverage Started at Citizens Jmp

by · The Markets Daily

Citizens Jmp assumed coverage on shares of TKO Group (NYSE:TKOFree Report) in a research report released on Monday morning, MarketBeat Ratings reports. The firm issued a mkt outperform rating and a $240.00 price target on the stock.

Other equities research analysts have also issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a research note on Monday, December 29th. Roth Mkm restated a “buy” rating and issued a $240.00 price target on shares of TKO Group in a research report on Thursday, February 12th. UBS Group upped their price objective on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Wolfe Research reaffirmed a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $232.25.

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TKO Group Price Performance

Shares of NYSE:TKO opened at $200.65 on Monday. The firm has a market capitalization of $38.95 billion, a PE ratio of 89.18 and a beta of 0.69. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. TKO Group has a 1-year low of $133.07 and a 1-year high of $226.94. The business’s 50 day moving average is $204.56 and its 200-day moving average is $199.66.

TKO Group (NYSE:TKOGet Free Report) last issued its earnings results on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Sell-side analysts predict that TKO Group will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. TKO Group’s dividend payout ratio is currently 138.67%.

Insider Buying and Selling at TKO Group

In other news, CFO Shane Kapral sold 254 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $199.15, for a total transaction of $50,584.10. Following the transaction, the chief financial officer owned 99 shares of the company’s stock, valued at $19,715.85. This represents a 71.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nick Khan sold 9,518 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $220.29, for a total value of $2,096,720.22. Following the completion of the sale, the director owned 110,048 shares of the company’s stock, valued at $24,242,473.92. This represents a 7.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 168,802 shares of company stock worth $34,480,366. 61.30% of the stock is currently owned by corporate insiders.

Institutional Trading of TKO Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new stake in shares of TKO Group in the 4th quarter valued at approximately $27,000. Cromwell Holdings LLC grew its holdings in TKO Group by 1,360.0% during the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the period. Torren Management LLC bought a new stake in TKO Group in the fourth quarter valued at approximately $32,000. CYBER HORNET ETFs LLC acquired a new stake in TKO Group in the second quarter worth $34,000. Finally, Aventura Private Wealth LLC acquired a new stake in TKO Group in the fourth quarter worth $35,000. 89.79% of the stock is owned by institutional investors.

TKO Group Company Profile

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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.

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