TKO Group Holdings, Inc. $TKO Shares Sold by Barings LLC

Barings LLC decreased its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 72.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,851 shares of the company’s stock after selling 7,420 shares during the quarter. Barings LLC’s holdings in TKO Group were worth $596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank lifted its position in TKO Group by 2.3% during the 4th quarter. Swiss National Bank now owns 137,800 shares of the company’s stock worth $28,800,000 after acquiring an additional 3,100 shares during the period. Sustainable Insight Capital Management LLC raised its stake in shares of TKO Group by 610.0% in the fourth quarter. Sustainable Insight Capital Management LLC now owns 7,100 shares of the company’s stock worth $1,484,000 after purchasing an additional 6,100 shares during the last quarter. Nuveen LLC lifted its holdings in shares of TKO Group by 2.1% during the fourth quarter. Nuveen LLC now owns 186,989 shares of the company’s stock worth $39,081,000 after purchasing an additional 3,790 shares during the period. Xponance LLC boosted its position in TKO Group by 7.5% in the fourth quarter. Xponance LLC now owns 8,898 shares of the company’s stock valued at $1,860,000 after buying an additional 623 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC acquired a new position in TKO Group in the 4th quarter worth approximately $208,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TKO has been the subject of several research reports. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research note on Thursday, March 5th. Pivotal Research boosted their target price on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. UBS Group increased their price target on TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Citigroup cut TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Citizens Jmp began coverage on TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $233.73.

TKO Group Stock Performance

NYSE TKO opened at $213.89 on Friday. The stock has a market capitalization of $41.52 billion, a price-to-earnings ratio of 79.81 and a beta of 0.59. The stock has a 50-day moving average of $193.67 and a 200 day moving average of $200.71. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the business earned $0.69 earnings per share. The business’s revenue was up 25.9% compared to the same quarter last year. Sell-side analysts anticipate that TKO Group Holdings, Inc. will post 4.96 EPS for the current fiscal year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.79 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th. TKO Group’s dividend payout ratio is presently 116.42%.

Insider Activity at TKO Group

In other news, insider Mark S. Shapiro bought 10,807 shares of TKO Group stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $185.05 per share, with a total value of $1,999,835.35. Following the completion of the acquisition, the insider directly owned 129,207 shares of the company’s stock, valued at $23,909,755.35. The trade was a 9.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer acquired 2,696 shares of TKO Group stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $185.44 per share, with a total value of $499,946.24. Following the completion of the purchase, the chief financial officer owned 30,240 shares in the company, valued at $5,607,705.60. The trade was a 9.79% increase in their position. The SEC filing for this purchase provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have bought 24,308 shares of company stock worth $4,499,679 in the last quarter. Company insiders own 64.30% 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.