Annex Advisory Services LLC Raises Stock Position in TKO Group Holdings, Inc. $TKO

Annex Advisory Services LLC grew its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 1.3% in the 2nd quarter, Holdings Channel reports. The firm owned 418,586 shares of the company’s stock after purchasing an additional 5,483 shares during the period. TKO Group makes up about 1.4% of Annex Advisory Services LLC’s portfolio, making the stock its 21st biggest position. Annex Advisory Services LLC’s holdings in TKO Group were worth $84,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of TKO Group during the 4th quarter valued at about $27,000. Cornerstone Planning Group LLC raised its stake in TKO Group by 543.5% in the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after buying an additional 125 shares in the last quarter. Torren Management LLC bought a new position in TKO Group in the fourth quarter worth about $32,000. CYBER HORNET ETFs LLC purchased a new stake in TKO Group in the second quarter worth about $34,000. Finally, MUFG Securities EMEA plc purchased a new stake in TKO Group in the second quarter worth about $36,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TKO Group

In other TKO Group news, Director Nick Khan sold 12,998 shares of TKO Group stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $181.11, for a total transaction of $2,354,067.78. Following the completion of the transaction, the director owned 48,933 shares in the company, valued at approximately $8,862,255.63. The trade was a 20.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 42,257 shares of company stock worth $7,946,068 in the last three months. 64.30% of the stock is currently owned by insiders.

TKO Group Trading Up 2.7%

NYSE:TKO opened at $194.44 on Wednesday. TKO Group Holdings, Inc. has a one year low of $176.00 and a one year high of $226.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28. The company’s 50-day simple moving average is $193.35 and its 200 day simple moving average is $196.80. The firm has a market capitalization of $36.80 billion, a P/E ratio of 68.22 and a beta of 0.63.

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

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 of this dividend was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. TKO Group’s dividend payout ratio is 110.88%.

Analyst Ratings Changes

Several analysts have weighed in on TKO shares. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Guggenheim raised their target price on TKO Group from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings restated a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Morgan Stanley lifted their price target on TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, Sanford C. Bernstein decreased their price objective on TKO Group from $240.00 to $235.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $237.14.

TKO Group 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.