Sei Investments Co. Lowers Stake in TKO Group Holdings, Inc. $TKO

Sei Investments Co. lessened its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 5.0% in the first quarter, Holdings Channel reports. The firm owned 115,038 shares of the company’s stock after selling 6,048 shares during the period. Sei Investments Co.’s holdings in TKO Group were worth $23,196,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp increased its position in shares of TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after acquiring an additional 887,401 shares in the last quarter. Ninety One UK Ltd lifted its holdings 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 acquiring an additional 42,156 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings 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 acquiring an additional 1,128,749 shares in the last quarter. XN LP boosted its position in TKO Group by 6.3% during the 4th quarter. XN LP now owns 2,866,943 shares of the company’s stock worth $599,191,000 after purchasing an additional 169,574 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in TKO Group by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after purchasing an additional 395,040 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the subject of a number of recent research reports. Sanford C. Bernstein lowered their target price on TKO Group from $240.00 to $235.00 and set an “outperform” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Citigroup lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Guggenheim reduced their target price on shares of TKO Group from $232.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.53.

Insider Activity

In related news, insider Mark S. Shapiro bought 10,807 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the transaction, the insider directly owned 129,207 shares of the company’s stock, valued at approximately $23,909,755.35. This represents a 9.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 12,998 shares of the stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $181.11, for a total transaction of $2,354,067.78. Following the completion of the transaction, the director owned 48,933 shares of the company’s stock, valued at $8,862,255.63. This trade represents a 20.99% 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. In the last quarter, insiders have bought 24,308 shares of company stock worth $4,499,679 and have sold 51,775 shares worth $9,716,321. Insiders own 64.30% of the company’s stock.

TKO Group Trading Up 1.9%

Shares of NYSE TKO opened at $186.35 on Wednesday. The stock’s 50 day moving average price is $195.42 and its two-hundred day moving average price is $198.06. TKO Group Holdings, Inc. has a 52-week low of $152.29 and a 52-week high of $226.94. The stock has a market capitalization of $36.18 billion, a P/E ratio of 69.54 and a beta of 0.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57.

TKO Group (NYSE:TKO) last announced its quarterly earnings data 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. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the business posted $0.69 earnings per share. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, analysts anticipate that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.79 dividend. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. This represents a $3.16 annualized dividend and a yield of 1.7%. TKO Group’s payout ratio is currently 117.91%.

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.