TKO Group Holdings, Inc. $TKO Shares Acquired by Huntington National Bank

Huntington National Bank lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 8.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,078 shares of the company’s stock after acquiring an additional 316 shares during the period. Huntington National Bank’s holdings in TKO Group were worth $742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its position in TKO Group by 5.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,256 shares of the company’s stock valued at $498,000 after acquiring an additional 155 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of TKO Group by 3.7% in the first quarter. Envestnet Asset Management Inc. now owns 126,270 shares of the company’s stock valued at $19,295,000 after purchasing an additional 4,540 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in TKO Group during the 1st quarter valued at $122,000. Greenleaf Trust purchased a new stake in TKO Group during the 1st quarter worth $232,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in TKO Group in the 1st quarter worth $38,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TKO shares. Sanford C. Bernstein upped their price objective on shares of TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Northcoast Research downgraded TKO Group from a “buy” rating to a “neutral” rating in a report on Thursday, July 10th. Pivotal Research lifted their price objective on TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Baird R W raised shares of TKO Group to a “strong-buy” rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $222.23.

Insiders Place Their Bets

In other news, Director Nick Khan sold 9,519 shares of the firm’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 transaction, the director directly owned 118,504 shares in the company, valued at approximately $22,309,563.04. This trade represents a 7.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter C. B. Bynoe purchased 740 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was acquired at an average cost 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 position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 28,557 shares of company stock worth $5,449,723 over the last three months. 53.80% of the stock is owned by corporate insiders.

TKO Group Stock Down 3.2%

Shares of TKO Group stock opened at $181.21 on Friday. The business has a 50-day moving average price of $193.24 and a 200 day moving average price of $177.52. TKO Group Holdings, Inc. has a fifty-two week low of $115.12 and a fifty-two week high of $212.49. The firm has a market cap of $35.93 billion, a P/E ratio of 74.88 and a beta of 0.72. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business posted $0.28 EPS. TKO Group’s revenue was down 27.3% compared to the same quarter last year. TKO Group has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.76 per share. The ex-dividend date was Monday, September 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.38. This represents a $3.04 annualized dividend and a yield of 1.7%. TKO Group’s payout ratio is presently 125.62%.

TKO Group declared that its Board of Directors has approved a share buyback plan on Monday, September 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

TKO Group 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.