Polar Asset Management Partners Inc. Makes New Investment in TKO Group Holdings, Inc. $TKO

Polar Asset Management Partners Inc. purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 22,194 shares of the company’s stock, valued at approximately $4,482,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cromwell Holdings LLC lifted its position in shares of TKO Group by 1,360.0% in the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after buying an additional 136 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of TKO Group during the 2nd quarter worth approximately $34,000. Atlantic Union Bankshares Corp raised its stake in TKO Group by 1,680.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after acquiring an additional 168 shares during the period. MUFG Securities EMEA plc bought a new stake in TKO Group in the 2nd quarter valued at $36,000. Finally, Mather Group LLC. acquired a new stake in TKO Group during the 3rd quarter valued at $38,000. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TKO shares. BTIG Research reduced their price objective on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. JPMorgan Chase & Co. raised their target price on shares of TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Susquehanna reaffirmed a “positive” rating and set a $251.00 target price on shares of TKO Group in a report on Monday, January 19th. Roth Mkm restated a “buy” rating and issued a $240.00 price target on shares of TKO Group in a research note on Thursday, February 12th. Finally, TD Cowen raised their price target on shares of TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.73.

TKO Group Price Performance

TKO Group stock opened at $197.20 on Friday. The firm has a market cap of $38.28 billion, a PE ratio of 87.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s fifty day moving average price is $206.34 and its two-hundred day moving average price is $199.61. TKO Group Holdings, Inc. has a one year low of $133.07 and a one year high of $226.94.

TKO Group (NYSE:TKO) last released 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 company had revenue of $1.04 billion for 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 revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company 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 Dividend Announcement

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

Insider Transactions at TKO Group

In related news, CFO Shane Kapral sold 254 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $199.15, for a total transaction of $50,584.10. Following the completion of the sale, the chief financial officer directly owned 99 shares in the company, valued at $19,715.85. This represents a 71.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Seth D. Krauss sold 2,271 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total value of $455,812.41. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 169,309 shares of company stock valued at $34,589,482. 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.