226,600 Shares in TKO Group Holdings, Inc. $TKO Bought by Cat Rock Capital Management LP

Cat Rock Capital Management LP bought a new stake 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 (SEC). The fund bought 226,600 shares of the company’s stock, valued at approximately $45,764,000. TKO Group accounts for about 5.6% of Cat Rock Capital Management LP’s portfolio, making the stock its 7th largest position. Cat Rock Capital Management LP owned about 0.11% of TKO Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TKO. Norges Bank acquired a new stake in TKO Group during the 2nd quarter worth approximately $132,441,000. Alliancebernstein L.P. boosted its holdings in shares of TKO Group by 551.8% in the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock valued at $90,059,000 after buying an additional 419,021 shares during the period. Invesco Ltd. lifted its position in TKO Group by 26.9% in the 2nd quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock valued at $328,670,000 after acquiring an additional 383,325 shares in the last quarter. Munro Partners acquired a new position in TKO Group in the 2nd quarter worth $65,670,000. Finally, UBS Group AG boosted its stake in TKO Group by 31.7% in the 3rd quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock worth $257,326,000 after purchasing an additional 307,000 shares during the period. 89.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Nick Khan sold 9,518 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were 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 of the company’s stock, valued at $24,242,473.92. This represents a 7.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Shane Kapral sold 254 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $199.15, for a total transaction of $50,584.10. Following the completion of the transaction, the chief financial officer owned 99 shares of the company’s stock, valued at $19,715.85. The trade was a 71.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 169,563 shares of company stock valued at $34,641,917 over the last 90 days. 61.30% of the stock is owned by corporate insiders.

TKO Group Stock Down 3.3%

TKO Group stock opened at $194.53 on Friday. TKO Group Holdings, Inc. has a twelve month low of $133.07 and a twelve month high of $226.94. The stock has a market cap of $37.76 billion, a P/E ratio of 86.46 and a beta of 0.66. The company’s 50-day moving average price is $206.59 and its two-hundred day moving average price is $199.38. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The firm had revenue of $1.04 billion for 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%.TKO Group’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. As a group, analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. BTIG Research reduced their target price 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. Wall Street Zen downgraded shares of TKO Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Pivotal Research lifted their price target on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Susquehanna reissued a “positive” rating and set a $251.00 price target on shares of TKO Group in a research report on Monday, January 19th. Thirteen investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.73.

TKO Group Company 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.