TKO Group Holdings, Inc. $TKO Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Grows Holdings

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 195.2% during the third quarter, Holdings Channel.com reports. The fund owned 6,200 shares of the company’s stock after purchasing an additional 4,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in TKO Group were worth $1,114,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of TKO Group by 22.5% in the 1st quarter. Bank of America Corp DE now owns 1,393,727 shares of the company’s stock worth $281,045,000 after purchasing an additional 256,305 shares during the period. Annex Advisory Services LLC increased its stake in TKO Group by 1.3% in the 2nd quarter. Annex Advisory Services LLC now owns 418,586 shares of the company’s stock worth $84,266,000 after acquiring an additional 5,483 shares during the last quarter. Hawk Ridge Capital Management LP raised its stake in TKO Group by 16.5% in the first quarter. Hawk Ridge Capital Management LP now owns 413,641 shares of the company’s stock valued at $83,411,000 after purchasing an additional 58,604 shares in the last quarter. Cat Rock Capital Management LP raised its position in shares of TKO Group by 10.7% during the 2nd quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company’s stock valued at $68,287,000 after buying an additional 32,700 shares in the last quarter. Finally, Braun Stacey Associates Inc. lifted its stake in TKO Group by 7.7% during the second quarter. Braun Stacey Associates Inc. now owns 138,509 shares of the company’s stock worth $27,883,000 after purchasing an additional 9,924 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Andrew Schleimer sold 9,942 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the sale, the chief financial officer owned 38,051 shares in the company, valued at approximately $7,396,733.89. This represents a 20.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $175.19, for a total transaction of $1,609,820.91. Following the completion of the sale, the director directly owned 20,162 shares in the company, valued at approximately $3,532,180.78. This represents a 31.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 97,325 shares of company stock valued at $18,798,012 over the last quarter. Company insiders own 64.30% of the company’s stock.

TKO Group Price Performance

NYSE TKO opened at $193.25 on Thursday. The stock has a market cap of $36.58 billion, a price-to-earnings ratio of 67.81 and a beta of 0.66. TKO Group Holdings, Inc. has a 12 month low of $170.14 and a 12 month high of $226.94. The company’s 50 day moving average is $182.51 and its two-hundred day moving average is $193.25. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The company’s revenue was up 21.4% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 4.43 earnings per share for the current year.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.79 per share. The ex-dividend date was Tuesday, September 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. TKO Group’s dividend payout ratio is 110.88%.

More TKO Group News

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TKO shares. Citigroup reaffirmed a “market outperform” rating on shares of TKO Group in a research note on Tuesday, October 27th. Sanford C. Bernstein upped their target price on TKO Group from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Seaport Research Partners restated a “buy” rating on shares of TKO Group in a report on Friday, October 9th. Guggenheim dropped their target price on shares of TKO Group from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. Finally, Rothschild & Co Redburn raised their price objective on TKO Group from $220.00 to $225.00 in a research report on Wednesday, August 5th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $228.65.

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.