Chesapeake Capital Corp IL Takes Position in TKO Group Holdings, Inc. $TKO

Chesapeake Capital Corp IL bought a new position in TKO Group Holdings, Inc. (NYSE:TKO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,171 shares of the company’s stock, valued at approximately $1,448,000. TKO Group makes up about 1.3% of Chesapeake Capital Corp IL’s holdings, making the stock its 10th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of TKO. Amundi boosted its stake in TKO Group by 338.7% in the 1st quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after buying an additional 1,050 shares in the last quarter. AQR Capital Management LLC raised its stake in TKO Group by 10.7% during the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after acquiring an additional 696 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TKO Group by 4,722.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after acquiring an additional 8,595 shares in the last quarter. United Services Automobile Association bought a new position in shares of TKO Group during the first quarter valued at $218,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of TKO Group by 127.7% during the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after acquiring an additional 286 shares during the period. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Sanford C. Bernstein lifted their price target on shares of TKO Group from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Wall Street Zen lowered 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 objective on shares of TKO Group in a research note on Thursday, February 12th. Finally, BTIG Research dropped 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. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.73.

TKO Group Price Performance

Shares of TKO stock opened at $194.53 on Friday. TKO Group Holdings, Inc. has a 52 week low of $133.07 and a 52 week high of $226.94. The stock has a market capitalization of $37.76 billion, a PE ratio of 86.46 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. The stock’s fifty day moving average is $206.59 and its 200-day moving average is $199.28.

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

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s payout ratio is currently 138.67%.

Insider Activity at TKO Group

In related news, insider Seth D. Krauss sold 14,016 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $201.22, for a total value of $2,820,299.52. Following the completion of the sale, the insider owned 2,271 shares of the company’s stock, valued at $456,970.62. This trade represents a 86.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nick Khan sold 37,425 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $204.01, for a total transaction of $7,635,074.25. Following the completion of the transaction, the director owned 122,868 shares of the company’s stock, valued at $25,066,300.68. This trade represents a 23.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 169,563 shares of company stock valued at $34,641,917 over the last ninety days. Company insiders own 61.30% of the company’s stock.

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.