Profund Advisors LLC Trims Stock Position in TKO Group Holdings, Inc. $TKO

Profund Advisors LLC cut its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 32.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,140 shares of the company’s stock after selling 1,505 shares during the period. Profund Advisors LLC’s holdings in TKO Group were worth $571,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of TKO Group by 19.4% during the 1st quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock worth $1,218,951,000 after purchasing an additional 1,295,817 shares during the last quarter. Invesco Ltd. lifted its position in TKO Group by 569.7% in the first quarter. Invesco Ltd. now owns 1,423,052 shares of the company’s stock valued at $217,457,000 after buying an additional 1,210,563 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in TKO Group by 242.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company’s stock worth $228,675,000 after buying an additional 1,059,636 shares during the period. Ninety One UK Ltd increased its position in shares of TKO Group by 14.4% during the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock valued at $882,459,000 after acquiring an additional 611,233 shares during the last quarter. Finally, Congress Asset Management Co. purchased a new stake in shares of TKO Group in the 2nd quarter valued at approximately $82,056,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Trading Up 1.0%

TKO opened at $181.44 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30. TKO Group Holdings, Inc. has a one year low of $115.77 and a one year high of $212.49. The company has a market cap of $35.98 billion, a P/E ratio of 74.98 and a beta of 0.72. The business’s 50-day simple moving average is $192.67 and its 200-day simple moving average is $178.53.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was down 27.3% compared to the same quarter last year. TKO Group has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group announced that its Board of Directors has authorized a share buyback plan on Monday, September 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.76 dividend. This is a positive change from TKO Group’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, September 15th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.7%. TKO Group’s payout ratio is 116.48%.

Insider Buying and Selling at TKO Group

In other news, Director Peter C. B. Bynoe bought 740 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were acquired at an average price of $203.00 per share, for a total transaction of $150,220.00. Following the completion of the transaction, the director owned 5,187 shares of the company’s stock, valued at approximately $1,052,961. This trade 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 accessible through this link. Also, Director Nick Khan sold 9,519 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $188.26, for a total value of $1,792,046.94. Following the completion of the sale, the director directly owned 118,504 shares of the company’s stock, valued at $22,309,563.04. The trade was a 7.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,557 shares of company stock worth $5,449,723 over the last quarter. 61.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BTIG Research assumed coverage on shares of TKO Group in a research report on Monday, October 6th. They set a “buy” rating and a $235.00 price objective for the company. UBS Group raised their price target on TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, October 14th. Bank of America raised their target price on TKO Group from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Finally, Sanford C. Bernstein boosted their price target on shares of TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $222.23.

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.