Barlow Wealth Partners LLC Sells 16,011 Shares of TKO Group Holdings, Inc. $TKO

Key Points

• Barlow Wealth Partners reduced its TKO Group stake by 12.6%, selling 16,011 shares in the second quarter and retaining 110,783 shares valued at approximately $21.4 million. Institutional investors collectively own 89.79% of the company.
• Analysts maintain a generally positive outlook, with TKO receiving a consensus “Moderate Buy” rating and an average price target of $238.08, compared with a recent share price of $189.36.
• TKO reported quarterly revenue of $1.55 billion, up 18.2% year over year, though adjusted earnings of $1.34 per share fell short of estimates. The company declared a quarterly dividend of $0.79 per share, representing a 1.7% annualized yield.

Barlow Wealth Partners LLC decreased its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 12.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,783 shares of the company's stock after selling 16,011 shares during the period. TKO Group accounts for about 2.2% of Barlow Wealth Partners LLC's holdings, making the stock its 22nd biggest position. Barlow Wealth Partners LLC owned 0.06% of TKO Group worth $21,371,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in TKO Group in the 4th quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its holdings in TKO Group by 543.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company's stock valued at $28,000 after acquiring an additional 125 shares during the period. Clearstead Advisors LLC lifted its position in shares of TKO Group by 234.0% during the fourth quarter. Clearstead Advisors LLC now owns 177 shares of the company's stock worth $37,000 after acquiring an additional 124 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in shares of TKO Group during the fourth quarter worth $38,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of TKO Group during the second quarter worth $34,000. Institutional investors own 89.79% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TKO. Roth Capital reiterated a "buy" rating and issued a $230.00 price target on shares of TKO Group in a research report on Tuesday, August 4th. Sanford C. Bernstein dropped their price objective on TKO Group from $240.00 to $235.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. Benchmark restated a "hold" rating on shares of TKO Group in a research note on Tuesday, August 4th. Wall Street Zen raised TKO Group from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Guggenheim upped their price target on TKO Group from $230.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, TKO Group has a consensus rating of "Moderate Buy" and a consensus price target of $238.08.

Insider Transactions at TKO Group

In other TKO Group news, CEO Ariel Emanuel sold 24,702 shares of TKO Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the completion of the sale, the chief executive officer owned 174,334 shares of the company's stock, valued at $33,888,786.26. The trade was a 12.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 6,546 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $199.41, for a total value of $1,305,337.86. Following the completion of the transaction, the director owned 39,340 shares of the company's stock, valued at $7,844,789.40. The trade was a 14.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 120,404 shares of company stock worth $23,196,582. Company insiders own 64.30% of the company's stock.

TKO Group Stock Down 0.2%

TKO stock opened at $189.36 on Friday. The company's 50 day moving average is $189.83 and its 200 day moving average is $195.29. The stock has a market cap of $35.84 billion, a price-to-earnings ratio of 66.44 and a beta of 0.62. 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 Holdings, Inc. has a 1-year low of $176.00 and a 1-year high of $226.94.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.41 by ($0.07). TKO Group had a return on equity of 2.67% and a net margin of 4.33%.The company had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same period in the prior year, the firm earned $1.17 EPS. TKO Group's quarterly revenue was up 18.2% on a year-over-year basis. Sell-side analysts predict that TKO Group Holdings, Inc. will post 5.18 EPS for the current fiscal year.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.79 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.7%. TKO Group's dividend payout ratio (DPR) is presently 110.88%.

TKO Group Company Profile

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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