Gabelli Funds LLC Sells 3,951 Shares of TKO Group Holdings, Inc. $TKO

Gabelli Funds LLC trimmed its position in TKO Group Holdings, Inc. (NYSE:TKO) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,980 shares of the company’s stock after selling 3,951 shares during the quarter. Gabelli Funds LLC’s holdings in TKO Group were worth $12,297,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CreativeOne Wealth LLC increased its holdings in TKO Group by 2.1% during the 4th quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock worth $541,000 after acquiring an additional 54 shares during the period. Frank Rimerman Advisors LLC lifted its stake in TKO Group by 3.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock worth $373,000 after purchasing an additional 56 shares in the last quarter. Stephens Inc. AR lifted its stake in TKO Group by 2.7% in the 4th quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock worth $451,000 after purchasing an additional 56 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in TKO Group by 6.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock valued at $192,000 after purchasing an additional 56 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in TKO Group by 29.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company’s stock valued at $52,000 after purchasing an additional 57 shares during the period. 89.79% of the stock is currently owned by institutional investors.

TKO Group Stock Up 0.1%

Shares of NYSE:TKO opened at $180.73 on Monday. The firm has a market capitalization of $35.08 billion, a PE ratio of 67.44 and a beta of 0.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. TKO Group Holdings, Inc. has a 52-week low of $152.29 and a 52-week high of $226.94. The firm has a fifty day moving average of $195.78 and a 200 day moving average of $198.32.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 4.94 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is 117.91%.

Insider Transactions at TKO Group

In other TKO Group news, CEO Ariel Emanuel purchased 10,805 shares of TKO Group stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the transaction, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at approximately $28,625,093.95. The trade was a 7.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark S. Shapiro purchased 10,807 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the purchase, the insider directly owned 129,207 shares of the company’s stock, valued at approximately $23,909,755.35. This represents a 9.13% increase in their position. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 28,696 shares worth $5,511,785. 64.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on TKO. BTIG Research reaffirmed a “buy” rating and issued a $237.00 price target on shares of TKO Group in a report on Thursday, May 7th. Zacks Research raised TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Citigroup cut TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, Sanford C. Bernstein lowered their price target on TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average price target of $233.87.

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.