Private Advisor Group LLC grew its position in TKO Group Holdings, Inc. (NYSE:TKO – Free Report) by 284.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,076 shares of the company’s stock after buying an additional 3,757 shares during the period. Private Advisor Group LLC’s holdings in TKO Group were worth $1,024,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. CreativeOne Wealth LLC raised its position in shares of TKO Group by 2.1% during the 4th quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock valued at $541,000 after buying an additional 54 shares during the period. Frank Rimerman Advisors LLC grew its position in TKO Group by 3.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock worth $373,000 after acquiring an additional 56 shares during the period. Stephens Inc. AR grew its position in TKO Group by 2.7% in the fourth quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock worth $451,000 after acquiring an additional 56 shares during the period. Sunbelt Securities Inc. increased its stake in TKO Group by 6.3% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock worth $192,000 after acquiring an additional 56 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in TKO Group by 29.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company’s stock worth $52,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently commented on TKO. Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. BTIG Research reissued a “buy” rating and set a $237.00 price objective on shares of TKO Group in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Citizens Jmp started coverage on shares of TKO Group in a research report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 target price on the stock. Finally, Sanford C. Bernstein lowered their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $233.73.
TKO Group Stock Down 1.9%
NYSE:TKO opened at $180.88 on Tuesday. TKO Group Holdings, Inc. has a 52 week low of $152.29 and a 52 week high of $226.94. The stock’s fifty day moving average is $196.57 and its two-hundred day moving average is $200.18. The stock has a market capitalization of $35.11 billion, a price-to-earnings ratio of 67.49 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 – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s revenue was up 25.9% on a year-over-year basis. Research analysts anticipate that TKO Group Holdings, Inc. will post 4.94 EPS for the current year.
TKO Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.7%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. TKO Group’s payout ratio is currently 117.91%.
Insider Buying and Selling at TKO Group
In other news, Director Nick Khan sold 9,589 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $207.56, for a total value of $1,990,292.84. Following the completion of the transaction, the director owned 81,511 shares of the company’s stock, valued at approximately $16,918,423.16. This trade represents a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ariel Emanuel acquired 10,805 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $185.09 per share, with a total value of $1,999,897.45. Following the acquisition, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at approximately $28,625,093.95. This represents a 7.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 24,308 shares of company stock worth $4,499,679 over the last ninety days. Company insiders own 64.30% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than TKO Group
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
Want to see what other hedge funds are holding TKO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TKO Group Holdings, Inc. (NYSE:TKO – Free Report).
Receive News & Ratings for TKO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TKO Group and related companies with MarketBeat.com's FREE daily email newsletter.
