Handelsbanken Fonder AB Has $4.86 Million Stock Position in TKO Group Holdings, Inc. $TKO

Handelsbanken Fonder AB raised its stake in shares of TKO Group Holdings, Inc. (NYSE:TKOFree Report) by 28.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,237 shares of the company’s stock after purchasing an additional 5,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in TKO Group were worth $4,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TKO. Elyxium Wealth LLC acquired a new stake in TKO Group during the fourth quarter valued at approximately $27,000. Torren Management LLC acquired a new stake in TKO Group during the fourth quarter valued at approximately $32,000. CYBER HORNET ETFs LLC acquired a new stake in TKO Group during the second quarter valued at approximately $34,000. Aventura Private Wealth LLC acquired a new stake in TKO Group during the fourth quarter valued at approximately $35,000. Finally, Atlantic Union Bankshares Corp boosted its holdings in TKO Group by 1,680.0% during the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after purchasing an additional 168 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Performance

NYSE:TKO opened at $191.36 on Friday. TKO Group Holdings, Inc. has a 1 year low of $152.29 and a 1 year high of $226.94. The firm has a 50 day moving average of $192.13 and a 200-day moving average of $198.80. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $37.15 billion, a P/E ratio of 71.40 and a beta of 0.57.

TKO Group (NYSE:TKOGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. TKO Group’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 5 EPS for the current fiscal year.

TKO Group Dividend Announcement

The business also recently disclosed 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 yield of 1.6%. The ex-dividend date was Monday, March 16th. TKO Group’s payout ratio is 116.42%.

Insider Transactions at TKO Group

In related news, CFO Shane Kapral sold 616 shares of the business’s stock in a transaction that occurred on 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 owned 353 shares in the company, valued at $78,334.23. The trade was a 63.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Andrew M. Schleimer acquired 2,696 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $185.44 per share, with a total value of $499,946.24. Following the transaction, the chief financial officer directly owned 30,240 shares in the company, valued at $5,607,705.60. The trade was a 9.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 30,040 shares worth $6,073,793. Company insiders own 61.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings raised TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Sanford C. Bernstein decreased their price objective on TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a 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. TD Cowen lifted their target price on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, UBS Group lifted their target price on shares of TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $233.73.

Get Our Latest Stock Report on TKO

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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