TKO Group (NYSE:TKO) Given Buy Rating at BTIG Research

BTIG Research reissued their buy rating on shares of TKO Group (NYSE:TKO) in a report released on Thursday morning,Benzinga reports. They currently have a $237.00 target price on the stock.

TKO has been the subject of several other reports. Roth Mkm set a $228.00 price objective on TKO Group in a report on Monday. UBS Group lifted their price objective on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Zacks Research raised TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. boosted their price target on TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Finally, TD Cowen boosted their price target on TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $230.88.

TKO Group Price Performance

NYSE TKO traded up $1.52 during midday trading on Thursday, hitting $189.03. The company had a trading volume of 375,851 shares, compared to its average volume of 1,182,881. The company has a market capitalization of $36.69 billion, a PE ratio of 70.55 and a beta of 0.57. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $197.23 and a 200-day moving average price of $198.69. TKO Group has a twelve month low of $152.29 and a twelve month high of $226.94.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.01. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a return on equity of 2.41% and a net margin of 4.47%.The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS. As a group, analysts anticipate that TKO Group will post 4.59 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.7%. TKO Group’s payout ratio is 138.67%.

Insiders Place Their Bets

In other TKO Group news, CFO Shane Kapral sold 616 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $221.91, for a total value of $136,696.56. Following the completion of the transaction, the chief financial officer owned 353 shares of the company’s stock, valued at $78,334.23. This represents a 63.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nick Khan sold 9,518 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $185.99, for a total value of $1,770,252.82. Following the completion of the transaction, the director directly owned 91,100 shares of the company’s stock, valued at approximately $16,943,689. The trade was a 9.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,272 shares of company stock valued at $6,332,236 in the last three months. 61.30% of the stock is owned by insiders.

Hedge Funds Weigh In On TKO Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in TKO Group in the 4th quarter worth about $27,000. Cromwell Holdings LLC increased its holdings in TKO Group by 1,360.0% in the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in TKO Group by 543.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Torren Management LLC acquired a new position in TKO Group in the 4th quarter worth about $32,000. Finally, Aventura Private Wealth LLC acquired a new position in TKO Group in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.