South Dakota Investment Council Cuts Stock Holdings in TKO Group Holdings, Inc. $TKO

South Dakota Investment Council cut its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 36.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,000 shares of the company’s stock after selling 2,900 shares during the period. South Dakota Investment Council’s holdings in TKO Group were worth $1,010,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TKO. Somerset Trust Co increased its holdings in shares of TKO Group by 2.5% in the 3rd quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock valued at $435,000 after acquiring an additional 53 shares during the period. CWM LLC grew its stake in TKO Group by 7.3% in the third quarter. CWM LLC now owns 796 shares of the company’s stock valued at $161,000 after purchasing an additional 54 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in TKO Group by 0.9% in the third quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company’s stock worth $1,485,000 after purchasing an additional 62 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of TKO Group by 57.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 194 shares of the company’s stock valued at $38,000 after buying an additional 71 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its position in shares of TKO Group by 4.7% during the second quarter. Howe & Rusling Inc. now owns 1,603 shares of the company’s stock valued at $292,000 after buying an additional 72 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling at TKO Group

In other news, Director Nick Khan sold 9,518 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $220.29, for a total value of $2,096,720.22. Following the completion of the sale, the director directly owned 110,048 shares in the company, valued at $24,242,473.92. The trade was a 7.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Shane Kapral sold 616 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $221.91, for a total value of $136,696.56. Following the transaction, the chief financial officer directly owned 353 shares of the company’s stock, valued at approximately $78,334.23. The trade was a 63.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 169,563 shares of company stock valued at $34,642,745. Company insiders own 61.30% of the company’s stock.

TKO Group Stock Down 2.1%

Shares of TKO stock opened at $211.71 on Friday. TKO Group Holdings, Inc. has a fifty-two week low of $133.07 and a fifty-two week high of $226.94. The firm has a market capitalization of $41.30 billion, a PE ratio of 94.09 and a beta of 0.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s 50-day simple moving average is $207.84 and its 200-day simple moving average is $198.56.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.20). TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company posted $0.28 earnings per share. TKO Group’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.78 per share. The ex-dividend date is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TKO Group’s dividend payout ratio is currently 138.67%.

Wall Street Analyst Weigh In

TKO has been the subject of a number of analyst reports. Roth Mkm reissued a “buy” rating and set a $240.00 target price on shares of TKO Group in a research report on Thursday, February 12th. Wolfe Research reiterated a “peer perform” rating on shares of TKO Group in a report on Thursday. Susquehanna restated a “positive” rating and set a $251.00 target price on shares of TKO Group in a research note on Monday, January 19th. Pivotal Research upped their target price on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, BTIG Research lowered their price target on TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.40.

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.