Rhumbline Advisers Lowers Stake in TKO Group Holdings, Inc. $TKO

Rhumbline Advisers lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,421 shares of the company’s stock after selling 5,804 shares during the period. Rhumbline Advisers owned 0.07% of TKO Group worth $26,946,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Ninety One UK Ltd grew its stake in TKO Group by 2.4% in the third quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company’s stock worth $1,002,530,000 after purchasing an additional 113,996 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of TKO Group by 2.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,057,020 shares of the company’s stock valued at $415,436,000 after acquiring an additional 53,818 shares in the last quarter. Invesco Ltd. lifted its stake in TKO Group by 26.9% in the second quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock worth $328,670,000 after acquiring an additional 383,325 shares during the period. Norges Bank purchased a new stake in TKO Group in the second quarter worth about $132,441,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in TKO Group by 1.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 656,884 shares of the company’s stock worth $119,520,000 after acquiring an additional 11,369 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BTIG Research upped their price target on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. JPMorgan Chase & Co. increased their target price on TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. Wolfe Research reiterated an “outperform” rating and issued a $227.00 target price on shares of TKO Group in a report on Monday, December 15th. Finally, Susquehanna restated a “positive” rating and issued a $251.00 price target on shares of TKO Group in a report on Monday, January 19th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $229.73.

Insider Activity at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 11,978 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total transaction of $2,419,316.44. Following the completion of the transaction, the chief financial officer directly owned 27,544 shares of the company’s stock, valued at approximately $5,563,337.12. This trade represents a 30.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Nick Khan sold 9,518 shares of the company’s stock in a transaction on 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 sale, the director directly owned 119,566 shares in the company, valued at $24,069,831.46. This trade represents a 7.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 168,224 shares of company stock worth $34,103,832 in the last quarter. 53.80% of the stock is owned by insiders.

TKO Group Stock Up 3.3%

NYSE:TKO opened at $206.61 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. TKO Group Holdings, Inc. has a twelve month low of $133.07 and a twelve month high of $218.11. The company has a market cap of $40.31 billion, a PE ratio of 79.16 and a beta of 0.65. The company’s 50 day moving average is $206.62 and its two-hundred day moving average is $194.94.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a $0.78 dividend. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TKO Group’s dividend payout ratio (DPR) is 119.54%.

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.