TKO Group Holdings, Inc. $TKO Shares Purchased by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA raised its position in TKO Group Holdings, Inc. (NYSE:TKO) by 549.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,426 shares of the company’s stock after purchasing an additional 18,127 shares during the quarter. GLOBALT Investments LLC GA’s holdings in TKO Group were worth $4,327,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of TKO Group by 182.6% in the first quarter. Wellington Management Group LLP now owns 64,846 shares of the company’s stock valued at $9,909,000 after buying an additional 41,898 shares in the last quarter. Norinchukin Bank The purchased a new position in TKO Group during the 1st quarter valued at about $386,000. SVB Wealth LLC purchased a new position in TKO Group during the 1st quarter valued at about $51,000. Rafferty Asset Management LLC grew its position in TKO Group by 201.4% in the 1st quarter. Rafferty Asset Management LLC now owns 4,582 shares of the company’s stock valued at $700,000 after acquiring an additional 3,062 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its stake in TKO Group by 22.0% during the first quarter. CreativeOne Wealth LLC now owns 2,430 shares of the company’s stock worth $371,000 after purchasing an additional 439 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TKO Group

In other news, Director Nick Khan sold 9,519 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.16, for a total transaction of $1,857,728.04. Following the sale, the director owned 108,985 shares of the company’s stock, valued at approximately $21,269,512.60. This trade represents a 8.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shane Kapral sold 254 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $206.44, for a total value of $52,435.76. Following the sale, the chief financial officer owned 1,266 shares of the company’s stock, valued at approximately $261,353.04. The trade was a 16.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 29,827 shares of company stock worth $5,777,565. Company insiders own 53.80% of the company’s stock.

TKO Group Trading Up 0.1%

NYSE TKO opened at $215.74 on Wednesday. TKO Group Holdings, Inc. has a 52 week low of $133.07 and a 52 week high of $217.51. The firm has a 50 day moving average of $192.42 and a two-hundred day moving average of $185.68. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $42.09 billion, a PE ratio of 82.66 and a beta of 0.65.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.TKO Group’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. As a group, research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group declared that its board has approved a share buyback plan on Monday, September 15th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. This is an increase from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s payout ratio is currently 119.54%.

Analyst Ratings Changes

Several research firms have recently commented on TKO. Wolfe Research reissued an “outperform” rating and issued a $227.00 price objective on shares of TKO Group in a research note on Monday, December 15th. Susquehanna increased their target price on shares of TKO Group from $229.00 to $230.00 and gave the stock a “positive” rating in a report on Wednesday, December 10th. Guggenheim raised their price target on shares of TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. UBS Group boosted their price target on shares of TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Finally, Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $225.00.

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.