TKO Group Holdings, Inc. $TKO Position Raised by Braun Stacey Associates Inc.

Key Points

• Braun Stacey Associates increased its TKO Group position by 7.7% in the second quarter, adding 9,924 shares to own 138,509 shares valued at approximately $27.9 million. Institutional investors collectively own 89.79% of the company.
• TKO insiders sold 120,404 shares worth roughly $23.2 million over the past 90 days, including sales by Director Nick Khan and CFO Andrew Schleimer to cover tax-withholding obligations tied to equity awards.
• TKO reported quarterly revenue of $1.55 billion, up 18.2% year over year, but adjusted earnings of $1.34 per share missed estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $238.08, while the company raised its quarterly dividend to $0.79 per share.

Braun Stacey Associates Inc. grew its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,509 shares of the company's stock after acquiring an additional 9,924 shares during the quarter. Braun Stacey Associates Inc. owned about 0.07% of TKO Group worth $27,883,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. CreativeOne Wealth LLC lifted its position in TKO Group by 2.1% in the 4th quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company's stock valued at $541,000 after purchasing an additional 54 shares during the last quarter. Stephens Inc. AR grew its position in TKO Group by 2.7% in the 4th quarter. Stephens Inc. AR now owns 2,160 shares of the company's stock worth $451,000 after purchasing an additional 56 shares during the last quarter. Sunbelt Securities Inc. grew its position in TKO Group by 6.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the company's stock worth $192,000 after purchasing an additional 56 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of TKO Group by 29.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company's stock valued at $52,000 after purchasing an additional 57 shares during the period. Finally, Colonial River Investments LLC increased its stake in shares of TKO Group by 4.5% in the fourth quarter. Colonial River Investments LLC now owns 1,414 shares of the company's stock valued at $296,000 after purchasing an additional 61 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Transactions at TKO Group

In related news, Director Nick Khan sold 6,546 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $199.41, for a total transaction 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. This trade represents a 14.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer sold 9,942 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 value of $1,932,625.38. Following the transaction, the chief financial officer directly owned 38,051 shares in the company, valued at approximately $7,396,733.89. The trade was a 20.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 120,404 shares of company stock worth $23,196,582 over the last 90 days. 64.30% of the stock is currently owned by corporate insiders.

TKO Group Trading Up 0.2%

Shares of NYSE:TKO opened at $184.70 on Friday. The company has a 50 day moving average of $191.12 and a 200-day moving average of $195.99. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The firm has a market cap of $34.96 billion, a P/E ratio of 64.81 and a beta of 0.63. TKO Group Holdings, Inc. has a twelve month low of $176.00 and a twelve month high of $226.94.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.41 by ($0.07). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. TKO Group's revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 EPS. As a group, analysts anticipate that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.79 per share. This is a boost from TKO Group's previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.7%. TKO Group's payout ratio is 110.88%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TKO shares. Guggenheim boosted their price objective on TKO Group from $230.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Benchmark restated a "hold" rating on shares of TKO Group in a research report on Tuesday, August 4th. BTIG Research reaffirmed a "buy" rating and set a $237.00 target price 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 research note on Saturday, May 9th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of TKO Group in a research report on Tuesday, August 4th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, TKO Group has a consensus rating of "Moderate Buy" and an average target price of $238.08.

About TKO Group

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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