Legal & General Group Plc Sells 3,308 Shares of TKO Group Holdings, Inc. $TKO

Legal & General Group Plc reduced its position in TKO Group Holdings, Inc. (NYSE:TKO) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,343 shares of the company’s stock after selling 3,308 shares during the quarter. Legal & General Group Plc’s holdings in TKO Group were worth $25,152,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TKO. State Street Corp increased its stake in TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after acquiring an additional 887,401 shares during the last quarter. Ninety One UK Ltd increased its stake in shares of TKO Group by 0.8% in 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 purchasing an additional 42,156 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of TKO Group by 54.9% in 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 purchasing an additional 1,128,749 shares during the last quarter. UBS Group AG lifted 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 worth $257,326,000 after buying an additional 307,000 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in TKO Group by 35.9% in the third quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock valued at $146,653,000 after buying an additional 191,743 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on TKO. Zacks Research raised TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Citizens Jmp initiated coverage on shares of TKO Group in a research report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price objective for the company. Pivotal Research increased their price objective on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. TD Cowen raised their target price on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Finally, Roth Mkm set a $228.00 target price on shares of TKO Group in a research note on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $233.73.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro purchased 10,807 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the acquisition, the insider owned 129,207 shares in the company, valued at approximately $23,909,755.35. The trade was a 9.13% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Shane Kapral sold 616 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $221.91, for a total value of $136,696.56. Following the completion of the transaction, the chief financial officer directly owned 353 shares in the company, valued at $78,334.23. This represents a 63.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have purchased 24,308 shares of company stock valued at $4,499,679 and have sold 29,424 shares valued at $5,944,433. Corporate insiders own 64.30% of the company’s stock.

TKO Group Stock Down 0.1%

Shares of TKO opened at $205.06 on Monday. The stock’s 50-day moving average price is $191.69 and its two-hundred day moving average price is $199.28. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The company has a market capitalization of $39.81 billion, a PE ratio of 76.51 and a beta of 0.59. 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 (NYSE:TKO) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. On average, analysts anticipate that TKO Group Holdings, Inc. will post 5 EPS for the current year.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.78 per share. The ex-dividend date was Monday, March 16th. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TKO Group’s dividend payout ratio is 116.42%.

TKO Group Company 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.