Rice Hall James & Associates LLC Reduces Stock Holdings in TKO Group Holdings, Inc. $TKO

Rice Hall James & Associates LLC reduced its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 32.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,334 shares of the company’s stock after selling 6,517 shares during the quarter. Rice Hall James & Associates LLC’s holdings in TKO Group were worth $2,689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Swiss Life Asset Management Ltd increased its holdings in shares of TKO Group by 711.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 25,810 shares of the company’s stock valued at $5,394,000 after acquiring an additional 22,629 shares in the last quarter. NFJ Investment Group LLC acquired a new stake in TKO Group in the 4th quarter worth approximately $3,969,000. Perpetual Ltd acquired a new stake in TKO Group in the 4th quarter worth approximately $26,046,000. Todd Asset Management LLC purchased a new stake in TKO Group during the 4th quarter worth approximately $26,150,000. Finally, Ninety One SA Pty Ltd grew its position in TKO Group by 86.2% during the 4th quarter. Ninety One SA Pty Ltd now owns 133,187 shares of the company’s stock worth $27,836,000 after purchasing an additional 61,657 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Up 0.1%

NYSE:TKO opened at $180.73 on Monday. The firm has a market capitalization of $35.08 billion, a P/E ratio of 67.44 and a beta of 0.60. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94. The company’s fifty day moving average price is $195.78 and its 200-day moving average price is $198.32. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. As a group, equities research analysts anticipate that TKO Group Holdings, Inc. will post 4.94 EPS for the current year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, June 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s dividend payout ratio (DPR) is 117.91%.

Insider Buying and Selling

In related news, insider Mark S. Shapiro bought 10,807 shares of the stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the purchase, the insider directly owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This represents a 9.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $182.63, for a total value of $1,751,239.07. Following the sale, the director directly owned 72,013 shares in the company, valued at approximately $13,151,734.19. This trade represents a 11.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have acquired 24,308 shares of company stock worth $4,499,679 and have sold 28,696 shares worth $5,511,785. Insiders own 64.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TKO shares. Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Citizens Jmp initiated coverage on shares of TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price objective on the stock. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. BTIG Research restated a “buy” rating and issued a $237.00 target price on shares of TKO Group in a research note on Thursday, May 7th. Finally, Roth Capital set a $228.00 price target on TKO Group in a research report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $233.87.

TKO Group 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.