Fortis Capital Advisors LLC Takes $1.05 Million Position in TKO Group Holdings, Inc. $TKO

Fortis Capital Advisors LLC bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,031 shares of the company’s stock, valued at approximately $1,051,000.

A number of other large investors have also recently made changes to their positions in TKO. Cromwell Holdings LLC boosted its stake in shares of TKO Group by 1,360.0% during the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of TKO Group during the second quarter valued at $34,000. Aventura Private Wealth LLC purchased a new stake in shares of TKO Group during the fourth quarter valued at $35,000. Atlantic Union Bankshares Corp boosted its stake in shares of TKO Group by 1,680.0% during 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 during the period. Finally, MUFG Securities EMEA plc purchased a new stake in shares of TKO Group during the second quarter valued at $36,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TKO shares. Susquehanna reissued a “positive” rating and set a $251.00 target price on shares of TKO Group in a research note on Monday, January 19th. Roth Mkm reissued a “buy” rating and set a $240.00 target price on shares of TKO Group in a research note on Thursday, February 12th. BTIG Research lowered their price objective on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. UBS Group upped their price objective on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Citizens Jmp initiated coverage on shares of TKO Group in a research note on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $232.25.

Insider Buying and Selling at TKO Group

In other TKO Group news, Director Nick Khan sold 9,518 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $198.59, for a total transaction of $1,890,179.62. Following the completion of the sale, the director directly owned 100,618 shares of the company’s stock, valued at approximately $19,981,728.62. This represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Seth D. Krauss sold 2,271 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total transaction of $455,812.41. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 84,726 shares of company stock valued at $17,262,744. 53.80% of the stock is currently owned by insiders.

TKO Group Stock Performance

Shares of TKO stock opened at $186.21 on Monday. The firm has a market cap of $36.15 billion, a price-to-earnings ratio of 82.76 and a beta of 0.69. The company’s 50 day moving average is $202.67 and its 200 day moving average is $199.20. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43. TKO Group Holdings, Inc. has a 52-week low of $141.44 and a 52-week high of $226.94.

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

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, March 16th. TKO Group’s dividend payout ratio is presently 138.67%.

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.