Severin Investments LLC Invests $604,000 in TKO Group Holdings, Inc. $TKO

Severin Investments LLC bought a new position in TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, Holdings Channel.com reports. The fund bought 2,892 shares of the company’s stock, valued at approximately $604,000.

A number of other institutional investors have also modified their holdings of the business. State Street Corp grew its position in shares of TKO Group by 20.3% during the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after buying an additional 887,401 shares during the last quarter. Ninety One UK Ltd grew its position in shares of TKO Group by 0.8% during the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after buying an additional 42,156 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of TKO Group by 54.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after buying an additional 1,128,749 shares during the last quarter. Geode Capital Management LLC grew its position in shares of TKO Group by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,855,077 shares of the company’s stock valued at $387,072,000 after buying an additional 49,486 shares during the last quarter. Finally, UBS Group AG grew its position in shares of TKO Group by 31.7% during the 3rd quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock valued at $257,326,000 after buying an additional 307,000 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TKO shares. Wolfe Research reaffirmed a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. Citigroup downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Sanford C. Bernstein decreased their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, BTIG Research reiterated a “buy” rating and set a $237.00 price objective on shares of TKO Group in a research report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $233.73.

TKO Group Stock Up 0.1%

TKO stock opened at $188.36 on Thursday. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The firm has a market cap of $36.56 billion, a PE ratio of 70.28 and a beta of 0.57. The firm has a 50 day simple moving average of $191.60 and a 200 day simple moving average of $198.96. 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 released its earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. Equities research analysts forecast that TKO Group Holdings, Inc. will post 5 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, March 16th. TKO Group’s dividend payout ratio is 116.42%.

Insiders Place Their Bets

In other news, insider Mark S. Shapiro purchased 10,807 shares of TKO Group stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the transaction, the insider owned 129,207 shares in the company, 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 SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,518 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the completion of the sale, the director owned 91,100 shares of the company’s stock, valued at approximately $16,943,689. This trade represents a 9.46% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have bought 24,308 shares of company stock worth $4,499,679 and have sold 29,424 shares worth $5,944,433. Insiders own 61.30% of the company’s stock.

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.