TKO Group Holdings, Inc. $TKO Stake Increased by CPC Advisors LLC

CPC Advisors LLC increased its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,673 shares of the company’s stock after buying an additional 4,706 shares during the period. CPC Advisors LLC’s holdings in TKO Group were worth $7,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of TKO Group by 0.5% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,714 shares of the company’s stock worth $6,840,000 after buying an additional 172 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of TKO Group in the fourth quarter worth $74,000. Belpointe Asset Management LLC bought a new stake in shares of TKO Group in the fourth quarter worth $1,051,000. Fortis Capital Advisors LLC bought a new stake in shares of TKO Group in the fourth quarter worth $1,051,000. Finally, Krilogy Financial LLC bought a new stake in shares of TKO Group in the fourth quarter worth $298,000. Institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TKO. BTIG Research lowered their target price 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. Sanford C. Bernstein boosted their target price on shares of TKO Group from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. TD Cowen boosted their target price on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Roth Mkm reiterated a “buy” rating and set a $240.00 target price on shares of TKO Group in a research note on Thursday, February 12th. Finally, Susquehanna reiterated a “positive” rating and set a $251.00 target price on shares of TKO Group in a research note on Monday, January 19th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $232.25.

TKO Group Stock Down 0.6%

TKO stock opened at $183.54 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. TKO Group Holdings, Inc. has a 1-year low of $144.00 and a 1-year high of $226.94. The firm has a fifty day moving average price of $201.58 and a two-hundred day moving average price of $199.01. The firm has a market cap of $35.63 billion, a price-to-earnings ratio of 81.57 and a beta of 0.69.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share 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 the consensus estimate of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. Research analysts predict that TKO Group Holdings, Inc. will post 4.54 EPS for the current year.

TKO Group Dividend Announcement

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

Insider Buying and Selling at TKO Group

In other news, Director Nick Khan sold 9,518 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $201.31, for a total transaction of $1,916,068.58. Following the completion of the transaction, the director owned 119,566 shares in the company, valued at approximately $24,069,831.46. This represents a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the chief financial officer owned 27,544 shares of the company’s stock, valued at $5,563,337.12. This represents a 30.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 70,097 shares of company stock valued at $14,317,533. Corporate insiders own 53.80% of the company’s stock.

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.