Nisa Investment Advisors LLC Buys 28,277 Shares of TKO Group Holdings, Inc. $TKO

Nisa Investment Advisors LLC lifted its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 558.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,342 shares of the company’s stock after buying an additional 28,277 shares during the quarter. Nisa Investment Advisors LLC’s holdings in TKO Group were worth $6,734,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Amundi increased its holdings in TKO Group by 338.7% in the 1st quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after acquiring an additional 1,050 shares during the last quarter. AQR Capital Management LLC grew its position in shares of TKO Group by 10.7% during the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock valued at $1,083,000 after purchasing an additional 696 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of TKO Group by 4,722.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after purchasing an additional 8,595 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of TKO Group in the first quarter worth about $218,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of TKO Group by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 253,467 shares of the company’s stock worth $38,732,000 after buying an additional 15,713 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Insider Activity at TKO Group

In related news, CFO Shane Kapral sold 1,946 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $204.21, for a total value of $397,392.66. Following the sale, the chief financial officer directly owned 4,104 shares of the company’s stock, valued at $838,077.84. This represents a 32.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Nick Khan sold 37,425 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $204.01, for a total value of $7,635,074.25. Following the transaction, the director owned 122,868 shares of the company’s stock, valued at $25,066,300.68. This trade represents a 23.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 107,948 shares of company stock worth $21,817,883 in the last three months. 53.80% of the stock is owned by insiders.

Analyst Ratings Changes

TKO has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on TKO Group from $218.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Sanford C. Bernstein raised their target price on shares of TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Zacks Research cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. UBS Group upped their price target on shares of TKO Group from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Finally, BTIG Research lifted their price objective on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

TKO Group Stock Performance

NYSE:TKO opened at $199.51 on Monday. The firm has a market capitalization of $38.92 billion, a PE ratio of 76.44 and a beta of 0.62. The stock’s fifty day moving average is $197.97 and its 200 day moving average is $189.27. TKO Group Holdings, Inc. has a fifty-two week low of $133.07 and a fifty-two week high of $218.11. 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 (NYSE:TKO) last posted its quarterly earnings data 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 2.57% and a net margin of 5.27%.The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was down 27.3% compared to the same quarter last year. On average, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group announced that its board has authorized a share repurchase program on Monday, September 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, December 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s payout ratio is currently 119.54%.

TKO Group Company 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.