Genus Capital Management Inc. Takes Position in TKO Group Holdings, Inc. $TKO

Genus Capital Management Inc. bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the 2nd quarter, HoldingsChannel reports. The fund bought 1,185 shares of the company’s stock, valued at approximately $216,000.

A number of other large investors have also added to or reduced their stakes in the stock. Prosperity Consulting Group LLC purchased a new stake in TKO Group during the second quarter worth about $375,000. Huntington National Bank increased its stake in shares of TKO Group by 8.4% during the 2nd quarter. Huntington National Bank now owns 4,078 shares of the company’s stock worth $742,000 after purchasing an additional 316 shares during the last quarter. Corton Capital Inc. purchased a new stake in shares of TKO Group during the 2nd quarter worth approximately $291,000. Machina Capital S.A.S. purchased a new stake in shares of TKO Group during the 2nd quarter worth approximately $1,149,000. Finally, State of Michigan Retirement System increased its stake in shares of TKO Group by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 18,200 shares of the company’s stock worth $3,311,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Activity

In related news, Director Peter C. B. Bynoe purchased 740 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was acquired at an average price of $203.00 per share, with a total value of $150,220.00. Following the purchase, the director directly owned 5,187 shares in the company, valued at approximately $1,052,961. This represents a 16.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nick Khan sold 9,519 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $186.43, for a total transaction of $1,774,627.17. Following the completion of the transaction, the director directly owned 137,456 shares of the company’s stock, valued at approximately $25,625,922.08. This represents a 6.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,557 shares of company stock valued at $5,449,723 in the last three months. 53.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of TKO Group in a research report on Tuesday, October 14th. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Baird R W raised TKO Group to a “strong-buy” rating in a report on Friday, September 5th. Roth Capital lifted their target price on shares of TKO Group from $208.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Finally, UBS Group lifted their target price on shares of TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $215.38.

TKO Group Stock Down 0.0%

TKO stock opened at $187.33 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $37.15 billion, a PE ratio of 77.41 and a beta of 0.72. TKO Group Holdings, Inc. has a twelve month low of $115.12 and a twelve month high of $212.49. The stock has a 50-day simple moving average of $193.42 and a two-hundred day simple moving average of $177.49.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. TKO Group’s revenue was down 27.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. TKO Group has set its FY 2025 guidance at EPS. On average, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group declared that its Board of Directors has initiated a stock repurchase program on Monday, September 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Monday, September 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.38. This represents a $3.04 annualized dividend and a dividend yield of 1.6%. TKO Group’s payout ratio is presently 125.62%.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.