CIBC Bancorp USA Inc. Purchases Shares of 50,034 TKO Group Holdings, Inc. $TKO

CIBC Bancorp USA Inc. acquired 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 and Exchange Commission (SEC). The firm acquired 50,034 shares of the company’s stock, valued at approximately $10,105,000.

A number of other institutional investors also recently made changes to their positions in the company. Cromwell Holdings LLC increased 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 worth $29,000 after purchasing an additional 136 shares during the period. Atlantic Union Bankshares Corp boosted its stake in TKO Group by 1,680.0% in the 3rd 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. CYBER HORNET ETFs LLC acquired a new position in TKO Group in the 2nd quarter valued at $34,000. Mather Group LLC. acquired a new position in TKO Group in the 3rd quarter valued at $38,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in TKO Group by 48.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the company’s stock worth $39,000 after buying an additional 63 shares during the period. Institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TKO shares. Wall Street Zen cut shares of TKO Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Roth Mkm reaffirmed a “buy” rating and set a $240.00 price target on shares of TKO Group in a research report on Thursday, February 12th. Susquehanna reiterated a “positive” rating and issued a $251.00 price objective on shares of TKO Group in a research note on Monday, January 19th. BTIG Research cut their price objective on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $231.73.

Insiders Place Their Bets

In other news, Director Nick Khan sold 9,518 shares of TKO Group stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $220.29, for a total value of $2,096,720.22. Following the completion of the transaction, the director directly owned 110,048 shares of the company’s stock, valued at approximately $24,242,473.92. This trade represents a 7.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Seth D. Krauss sold 2,271 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total value of $455,812.41. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 169,309 shares of company stock worth $34,589,482. Company insiders own 61.30% of the company’s stock.

TKO Group Stock Down 4.6%

TKO Group stock opened at $188.26 on Friday. The firm has a market cap of $36.55 billion, a price-to-earnings ratio of 83.67 and a beta of 0.66. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $226.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50 day moving average price of $206.11 and a two-hundred day moving average price of $199.61.

TKO Group (NYSE:TKO) last posted its quarterly earnings data 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 net margin of 4.13% and a return on equity of 2.07%. The firm 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 company posted $0.28 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

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

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.