First Citizens Bank & Trust Co. Decreases Holdings in TKO Group Holdings, Inc. $TKO

First Citizens Bank & Trust Co. reduced its position in TKO Group Holdings, Inc. (NYSE:TKO) by 74.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,998 shares of the company’s stock after selling 5,693 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in TKO Group were worth $404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. grew its stake in TKO Group by 350.0% during the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock worth $25,000 after buying an additional 105 shares during the last quarter. Golden State Wealth Management LLC raised its stake in TKO Group by 840.0% in the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after buying an additional 126 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in TKO Group by 1,360.0% in the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares in the last quarter. Eastern Bank purchased a new stake in shares of TKO Group during the second quarter worth about $34,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of TKO Group during the second quarter valued at about $34,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TKO shares. Morgan Stanley set a $210.00 target price on shares of TKO Group in a research note on Thursday, December 18th. Zacks Research cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Sanford C. Bernstein boosted their price objective 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. JPMorgan Chase & Co. upped their target price on TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Finally, Pivotal Research lifted their price target on TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus price target of $227.73.

TKO Group Trading Down 2.2%

NYSE TKO opened at $194.90 on Thursday. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $218.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $38.02 billion, a PE ratio of 74.67 and a beta of 0.62. The company has a fifty day moving average of $202.98 and a 200 day moving average of $191.67.

TKO Group (NYSE:TKO) last announced its quarterly 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). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.TKO Group’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. Research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a $0.78 dividend. The ex-dividend date was Monday, December 15th. This represents a $3.12 annualized dividend and a yield of 1.6%. This is a boost from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s payout ratio is currently 119.54%.

Insider Buying and Selling at TKO Group

In other TKO Group news, CFO Shane Kapral sold 1,238 shares of TKO Group stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total value of $250,051.24. Following the completion of the transaction, the chief financial officer owned 4,048 shares of the company’s stock, valued at approximately $817,615.04. The trade was a 23.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew M. Schleimer sold 11,978 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total transaction of $2,419,316.44. Following the completion of the transaction, the chief financial officer owned 27,544 shares of the company’s stock, valued at approximately $5,563,337.12. This trade represents a 30.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 173,879 shares of company stock worth $35,107,253. 53.80% of the stock is currently owned by insiders.

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.