William Blair Investment Management LLC Cuts Stock Holdings in TKO Group Holdings, Inc. $TKO

William Blair Investment Management LLC decreased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKOFree Report) by 31.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,839 shares of the company’s stock after selling 10,357 shares during the quarter. William Blair Investment Management LLC’s holdings in TKO Group were worth $4,773,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC purchased a new position in shares of TKO Group during the fourth quarter worth about $27,000. Torren Management LLC purchased a new position in shares of TKO Group during the fourth quarter worth about $32,000. CYBER HORNET ETFs LLC purchased a new position in shares of TKO Group during the second quarter worth about $34,000. Aventura Private Wealth LLC purchased a new position in shares of TKO Group during the fourth quarter worth about $35,000. Finally, Atlantic Union Bankshares Corp grew its holdings in shares of TKO Group by 1,680.0% during the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO stock opened at $189.19 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The stock has a 50 day moving average price of $191.83 and a two-hundred day moving average price of $198.91. The company has a market capitalization of $36.73 billion, a P/E ratio of 70.59 and a beta of 0.57.

TKO Group (NYSE:TKOGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The business’s revenue was up 25.9% on a year-over-year basis. Analysts expect that TKO Group Holdings, Inc. will post 5 earnings per share for the current year.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $0.78 dividend. The ex-dividend date was Monday, March 16th. This represents a $3.12 annualized dividend and a yield of 1.6%. TKO Group’s payout ratio is presently 116.42%.

Analysts Set New Price Targets

TKO has been the subject of several recent analyst reports. Wolfe Research reissued a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. TD Cowen boosted their price objective on TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Pivotal Research upped their target price on TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Citizens Jmp started coverage on TKO Group in a research note on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 target price for the company. Finally, Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.73.

Read Our Latest Research Report on TKO Group

Insider Transactions at TKO Group

In other TKO Group news, CFO Shane Kapral sold 254 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $199.15, for a total value of $50,584.10. Following the completion of the sale, the chief financial officer owned 99 shares in the company, valued at approximately $19,715.85. The trade was a 71.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark S. Shapiro acquired 10,807 shares of the stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $185.05 per share, with a total value 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. The trade was a 9.13% increase in their position. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, 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. Company insiders own 61.30% of the company’s stock.

TKO Group Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for TKO Group (NYSE:TKO)

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