Perpetual Ltd Acquires Shares of 124,624 TKO Group Holdings, Inc. $TKO

Perpetual Ltd acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 124,624 shares of the company’s stock, valued at approximately $26,046,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Congress Asset Management Co. boosted its position in TKO Group by 20.9% during the 3rd quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock valued at $110,084,000 after buying an additional 94,100 shares during the period. Moran Wealth Management LLC increased its position in shares of TKO Group by 95.2% in the third quarter. Moran Wealth Management LLC now owns 39,043 shares of the company’s stock valued at $7,885,000 after acquiring an additional 19,040 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of TKO Group by 558.3% during the third quarter. Nisa Investment Advisors LLC now owns 33,342 shares of the company’s stock valued at $6,734,000 after acquiring an additional 28,277 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in shares of TKO Group during the third quarter valued at about $2,678,000. Finally, American Century Companies Inc. boosted its holdings in shares of TKO Group by 35.9% during the third quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock worth $146,653,000 after purchasing an additional 191,743 shares during the period. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Up 0.0%

Shares of NYSE:TKO opened at $203.83 on Friday. The firm has a market capitalization of $39.57 billion, a P/E ratio of 90.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day moving average price of $204.59 and a 200-day moving average price of $199.68. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $226.94.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.20). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. As a group, equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, March 16th. TKO Group’s payout ratio is 138.67%.

Insider Transactions at TKO Group

In related news, Director Nick Khan sold 9,518 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $220.29, for a total transaction of $2,096,720.22. Following the sale, the director owned 110,048 shares of the company’s stock, valued at $24,242,473.92. The trade was a 7.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Seth D. Krauss sold 2,271 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $200.71, for a total transaction of $455,812.41. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,025 shares of company stock valued at $32,449,977 in the last three months. 61.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TKO has been the topic of several recent analyst reports. Citizens Jmp initiated coverage on TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price target on the stock. Sanford C. Bernstein increased their price objective on TKO Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Pivotal Research lifted their price objective on TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Zacks Research cut TKO Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Finally, Roth Mkm restated a “buy” rating and set a $240.00 target price on shares of TKO Group in a report on Thursday, February 12th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $232.25.

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.