Banque Transatlantique SA Takes Position in TKO Group Holdings, Inc. $TKO

Banque Transatlantique SA bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,898 shares of the company’s stock, valued at approximately $584,000.

Other institutional investors have also added to or reduced their stakes in the company. Cromwell Holdings LLC increased its position in shares of 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 purchasing an additional 136 shares during the last quarter. Atlantic Union Bankshares Corp raised its stake in TKO Group by 1,680.0% in the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after purchasing an additional 168 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in TKO Group during the second quarter valued at approximately $34,000. Mather Group LLC. purchased a new position in TKO Group in the 3rd quarter worth approximately $38,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in TKO Group by 57.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 194 shares of the company’s stock worth $38,000 after buying an additional 71 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TKO has been the topic of a number of research reports. BTIG Research lowered their price target on TKO Group from $250.00 to $237.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. UBS Group increased their price objective on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Zacks Research cut TKO Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Morgan Stanley set a $210.00 target price on TKO Group in a research report on Thursday, December 18th. Finally, TD Cowen increased their price target on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $231.73.

TKO Group Stock Down 3.3%

NYSE:TKO opened at $194.53 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. The firm’s 50-day moving average price is $206.59 and its 200-day moving average price is $199.28. The company has a market capitalization of $37.76 billion, a PE ratio of 86.46 and a beta of 0.66. TKO Group Holdings, Inc. has a 1-year low of $133.07 and a 1-year high of $226.94.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.78 dividend. The ex-dividend date is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s payout ratio is currently 138.67%.

Insiders Place Their Bets

In related news, Director Nick Khan sold 9,518 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $220.29, for a total transaction of $2,096,720.22. Following the completion of the sale, the director owned 110,048 shares in the company, valued at approximately $24,242,473.92. This represents a 7.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shane Kapral sold 254 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $199.15, for a total transaction of $50,584.10. Following the sale, the chief financial officer directly owned 99 shares of the company’s stock, valued at $19,715.85. The trade was a 71.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 169,563 shares of company stock valued at $34,641,917. Company insiders own 61.30% of the company’s stock.

About TKO Group

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.