Clearbridge Investments LLC Has $273.14 Million Holdings in TKO Group Holdings, Inc. $TKO

Clearbridge Investments LLC trimmed its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 6.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,306,874 shares of the company’s stock after selling 93,557 shares during the period. Clearbridge Investments LLC’s holdings in TKO Group were worth $273,137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TKO. Massachusetts Financial Services Co. MA increased its holdings in TKO Group by 54.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after purchasing an additional 1,128,749 shares in the last quarter. State Street Corp increased its holdings in TKO Group by 20.3% during the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after purchasing an additional 887,401 shares in the last quarter. Norges Bank acquired a new stake in TKO Group during the 4th quarter valued at $150,602,000. Alliancebernstein L.P. increased its holdings in TKO Group by 551.8% during the 2nd quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock valued at $90,059,000 after purchasing an additional 419,021 shares in the last quarter. Finally, UBS Group AG increased its holdings in TKO Group by 31.7% during the 3rd quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock valued at $257,326,000 after purchasing an additional 307,000 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Price Performance

NYSE:TKO opened at $203.80 on Friday. The company has a market cap of $39.56 billion, a P/E ratio of 76.04 and a beta of 0.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s 50-day simple moving average is $192.70 and its 200 day simple moving average is $199.92. TKO Group Holdings, Inc. has a 52-week low of $152.29 and a 52-week high of $226.94.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. As a group, sell-side analysts forecast that TKO Group Holdings, Inc. will post 4.96 EPS for the current fiscal year.

TKO Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Monday, June 15th. TKO Group’s dividend payout ratio (DPR) is presently 116.42%.

Analysts Set New Price Targets

TKO has been the subject of a number of recent analyst reports. Zacks Research raised TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. TD Cowen raised their price target on TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Pivotal Research lifted their target price on TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Roth Mkm set a $228.00 target price on TKO Group in a report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $233.73.

Insider Activity

In other TKO Group news, Director Nick Khan sold 9,518 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the transaction, the director owned 91,100 shares of the company’s stock, valued at $16,943,689. The trade was a 9.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew M. Schleimer bought 2,696 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $185.44 per share, for a total transaction of $499,946.24. Following the transaction, the chief financial officer directly owned 30,240 shares of the company’s stock, valued at $5,607,705.60. The trade was a 9.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have acquired 24,308 shares of company stock valued at $4,499,679 and have sold 19,290 shares valued at $3,711,017. 64.30% of the stock is owned by corporate insiders.

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.