Sumitomo Mitsui DS Asset Management Company Ltd Raises Stake in TKO Group Holdings, Inc. $TKO

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 66.5% during the third quarter, Holdings Channel reports. The fund owned 81,872 shares of the company’s stock after buying an additional 32,686 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in TKO Group were worth $16,535,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TKO. Somerset Trust Co boosted its stake 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 purchasing an additional 53 shares in the last quarter. CWM LLC lifted its stake in TKO Group by 7.3% in the third quarter. CWM LLC now owns 796 shares of the company’s stock worth $161,000 after purchasing an additional 54 shares during the last quarter. Simon Quick Advisors LLC boosted its position in TKO Group by 0.9% during the third quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company’s stock valued at $1,485,000 after buying an additional 62 shares during the period. Howe & Rusling Inc. grew its stake 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. Finally, Geneos Wealth Management Inc. increased its holdings in shares of TKO Group by 14.1% in the second quarter. Geneos Wealth Management Inc. now owns 582 shares of the company’s stock worth $106,000 after buying an additional 72 shares during the period. 89.79% of the stock is currently owned by institutional investors.

TKO Group Price Performance

Shares of TKO Group stock opened at $199.51 on Friday. The business has a 50 day moving average of $197.97 and a 200 day moving average of $189.17. TKO Group Holdings, Inc. has a 52 week low of $133.07 and a 52 week high of $218.11. The company has a market cap of $38.92 billion, a PE ratio of 76.44 and a beta of 0.62. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm earned $0.28 EPS. The business’s revenue was down 27.3% on a year-over-year basis. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were given a dividend of $0.78 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, December 15th. TKO Group’s dividend payout ratio is presently 119.54%.

TKO Group declared that its board has initiated a share repurchase program on Monday, September 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

TKO has been the subject of several analyst reports. UBS Group increased their target price on TKO Group from $200.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Arete Research raised TKO Group to a “hold” rating in a research note on Wednesday, October 15th. Robert W. Baird lifted their target price on shares of TKO Group from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 16th. Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $226.00.

Insider Buying and Selling

In other TKO Group news, Director Nick Khan sold 37,425 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $204.01, for a total transaction of $7,635,074.25. Following the transaction, the director owned 122,868 shares in the company, valued at approximately $25,066,300.68. This represents a 23.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shane Kapral sold 1,946 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $204.21, for a total value of $397,392.66. Following the completion of the transaction, the chief financial officer directly owned 4,104 shares of the company’s stock, valued at $838,077.84. This represents a 32.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 107,948 shares of company stock valued at $21,817,883 over the last quarter. 61.30% of the stock is currently owned by insiders.

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.