Allspring Global Investments Holdings LLC Reduces Position in TKO Group Holdings, Inc. $TKO

Allspring Global Investments Holdings LLC reduced its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 749,711 shares of the company’s stock after selling 37,853 shares during the period. Allspring Global Investments Holdings LLC owned 0.38% of TKO Group worth $149,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TKO. Ninety One UK Ltd boosted its position in shares of TKO Group by 14.4% in the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after acquiring an additional 611,233 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in TKO Group by 2.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,003,202 shares of the company’s stock worth $364,483,000 after purchasing an additional 40,237 shares during the period. Invesco Ltd. boosted its holdings in shares of TKO Group by 26.9% in the 2nd quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock valued at $328,670,000 after purchasing an additional 383,325 shares during the last quarter. Hawk Ridge Capital Management LP grew its stake in shares of TKO Group by 2.1% during the 1st quarter. Hawk Ridge Capital Management LP now owns 734,274 shares of the company’s stock valued at $112,204,000 after buying an additional 14,760 shares during the period. Finally, Norges Bank purchased a new stake in shares of TKO Group during the 2nd quarter valued at $132,441,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Transactions at TKO Group

In other TKO Group news, CFO Shane Kapral sold 254 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $214.08, for a total transaction of $54,376.32. Following the sale, the chief financial officer owned 1,012 shares in the company, valued at approximately $216,648.96. The trade was a 20.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nick Khan sold 9,519 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.16, for a total transaction of $1,857,728.04. Following the completion of the sale, the director owned 108,985 shares of the company’s stock, valued at approximately $21,269,512.60. This trade represents a 8.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 30,334 shares of company stock worth $5,886,681. 53.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TKO has been the subject of a number of research reports. Cowen reissued a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. Susquehanna lifted their price objective on TKO Group from $229.00 to $230.00 and gave the company a “positive” rating in a research note on Wednesday, December 10th. Zacks Research cut TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Baird R W raised shares of TKO Group to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Guggenheim lifted their price target on shares of TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.00.

TKO Group Stock Performance

TKO stock opened at $214.41 on Wednesday. The stock’s fifty day moving average is $195.24 and its two-hundred day moving average is $187.53. The stock has a market capitalization of $41.83 billion, a price-to-earnings ratio of 82.15 and a beta of 0.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $218.11.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm earned $0.28 EPS. The firm’s revenue was down 27.3% on a year-over-year basis. On average, research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group announced that its Board of Directors has initiated a stock buyback plan on Monday, September 15th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a dividend of $0.78 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 15th. TKO Group’s dividend payout ratio (DPR) is 119.54%.

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.