10,026 Shares in TKO Group Holdings, Inc. $TKO Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,026 shares of the company’s stock, valued at approximately $1,802,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in TKO Group by 22.5% in the 1st quarter. Bank of America Corp DE now owns 1,393,727 shares of the company’s stock valued at $281,045,000 after acquiring an additional 256,305 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in shares of TKO Group by 1.3% during the 2nd quarter. Annex Advisory Services LLC now owns 418,586 shares of the company’s stock worth $84,266,000 after purchasing an additional 5,483 shares during the last quarter. Hawk Ridge Capital Management LP grew its position in shares of TKO Group by 16.5% in the first quarter. Hawk Ridge Capital Management LP now owns 413,641 shares of the company’s stock valued at $83,411,000 after purchasing an additional 58,604 shares in the last quarter. Cat Rock Capital Management LP grew its position in shares of TKO Group by 10.7% in the second quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company’s stock valued at $68,287,000 after purchasing an additional 32,700 shares in the last quarter. Finally, Braun Stacey Associates Inc. grew its position in shares of TKO Group by 7.7% in the second quarter. Braun Stacey Associates Inc. now owns 138,509 shares of the company’s stock valued at $27,883,000 after purchasing an additional 9,924 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Trading Up 2.6%

NYSE TKO opened at $178.43 on Friday. TKO Group Holdings, Inc. has a 52 week low of $170.14 and a 52 week high of $226.94. The firm has a 50 day moving average of $183.09 and a two-hundred day moving average of $193.63. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $33.77 billion, a PE ratio of 62.61 and a beta of 0.67.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. TKO Group’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. As a group, research analysts expect that TKO Group Holdings, Inc. will post 4.43 EPS for the current fiscal year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.79 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.8%. TKO Group’s dividend payout ratio (DPR) is currently 110.88%.

Insiders Place Their Bets

In other news, Director Nick Khan sold 9,189 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $175.19, for a total value of $1,609,820.91. Following the completion of the sale, the director directly owned 20,162 shares of the company’s stock, valued at approximately $3,532,180.78. The trade was a 31.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew M. Schleimer sold 9,942 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total value of $1,932,625.38. Following the completion of the sale, the chief financial officer directly owned 38,051 shares of the company’s stock, valued at approximately $7,396,733.89. This trade represents a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 97,325 shares of company stock valued at $18,798,012 in the last three months. Corporate insiders own 64.30% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the topic of a number of analyst reports. Sanford C. Bernstein lifted their price objective on TKO Group from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Morgan Stanley upped their target price on TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Arete Research upgraded TKO Group from a “neutral” rating to a “buy” rating and set a $208.00 target price for the company in a report on Tuesday, October 20th. Susquehanna cut their target price on TKO Group from $235.00 to $224.00 and set a “positive” rating for the company in a research note on Friday, October 16th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, August 4th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $228.65.

TKO Group Profile

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates UFC and WWE, two global combat-sports and sports-entertainment brands. UFC promotes mixed martial arts events, while WWE produces live and televised professional wrestling programming featuring its roster of performers, storylines and branded events.

In addition to its core properties, TKO provides related media, licensing, sponsorship, live-event and consumer-products opportunities. The company’s businesses serve audiences internationally through live events, broadcast and streaming distribution, digital content, merchandise and other commercial partnerships.

TKO was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings.