TKO Group Holdings, Inc. $TKO Shares Sold by Cercano Management LLC

Cercano Management LLC trimmed its position in TKO Group Holdings, Inc. (NYSE:TKO) by 28.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,678 shares of the company’s stock after selling 21,417 shares during the quarter. Cercano Management LLC’s holdings in TKO Group were worth $9,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its holdings in TKO Group by 0.5% in the second quarter. Retirement Systems of Alabama now owns 14,385 shares of the company’s stock worth $2,617,000 after purchasing an additional 77 shares during the period. Metis Global Partners LLC lifted its position in shares of TKO Group by 5.8% in the 2nd quarter. Metis Global Partners LLC now owns 1,584 shares of the company’s stock worth $288,000 after buying an additional 87 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of TKO Group by 46.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the company’s stock valued at $58,000 after buying an additional 100 shares during the period. State of Michigan Retirement System grew its position 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 valued at $3,311,000 after buying an additional 100 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of TKO Group by 30.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 440 shares of the company’s stock valued at $80,000 after buying an additional 103 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Stock Up 0.7%

Shares of TKO Group stock opened at $183.91 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. TKO Group Holdings, Inc. has a 1-year low of $116.59 and a 1-year high of $212.49. The business’s fifty day moving average price is $192.32 and its two-hundred day moving average price is $178.83. The company has a market capitalization of $36.47 billion, a P/E ratio of 75.99 and a beta of 0.72.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 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 for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the business posted $0.28 earnings per share. TKO Group’s revenue for the quarter was down 27.3% on a year-over-year basis. TKO Group has set its FY 2025 guidance at EPS. As a group, research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.76 per share. This is a positive change from TKO Group’s previous quarterly dividend of $0.38. The ex-dividend date 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 presently 116.48%.

TKO Group announced that its board has approved a share buyback program on Monday, September 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have issued reports on TKO shares. Roth Capital raised their target price on shares of TKO Group from $208.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Pivotal Research raised their price target on TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Guggenheim boosted their price objective on TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Robert W. Baird increased their target price on TKO Group from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. Finally, Citigroup raised their target price on TKO Group from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $222.23.

Insider Buying and Selling

In other news, Director Peter C. B. Bynoe bought 740 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were purchased at an average price of $203.00 per share, with a total value of $150,220.00. Following the completion of the acquisition, the director directly owned 5,187 shares in the company, 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 available through the SEC website. Also, Director Nick Khan sold 9,519 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was 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 owned 118,504 shares of the company’s stock, valued at $22,309,563.04. This trade represents a 7.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 28,557 shares of company stock valued at $5,449,723. Company insiders own 61.30% of the company’s stock.

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.