Assenagon Asset Management S.A. Invests $2.51 Million in TKO Group Holdings, Inc. $TKO

Assenagon Asset Management S.A. bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $2,508,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Somerset Trust Co boosted its position in TKO Group by 2.5% in the third quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock worth $435,000 after purchasing an additional 53 shares during the last quarter. CWM LLC increased its position in shares of TKO Group by 7.3% during the 3rd quarter. CWM LLC now owns 796 shares of the company’s stock valued at $161,000 after purchasing an additional 54 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of TKO Group by 6.3% during 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 last quarter. Simon Quick Advisors LLC raised its stake in shares of TKO Group by 0.9% during the 3rd quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company’s stock worth $1,485,000 after purchasing an additional 62 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 purchasing an additional 63 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TKO. Roth Mkm restated a “buy” rating and set a $240.00 price target on shares of TKO Group in a research report on Thursday, February 12th. Zacks Research cut shares of TKO Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of TKO Group in a research note on Monday, December 29th. BTIG Research lowered their price target on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Finally, Pivotal Research upped their price objective on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.25.

Insider Buying and Selling

In related news, insider Seth D. Krauss sold 2,271 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total transaction of $455,812.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nick Khan sold 9,518 shares of the stock in a transaction that occurred 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 $24,242,473.92. This represents a 7.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 168,802 shares of company stock valued at $34,480,366. Company insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

NYSE:TKO opened at $195.25 on Tuesday. The business’s fifty day moving average is $204.66 and its 200 day moving average is $199.66. The firm has a market cap of $37.90 billion, a price-to-earnings ratio of 86.78 and a beta of 0.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $226.94.

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

TKO Group Dividend Announcement

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