Sustainable Insight Capital Management LLC Raises Holdings in TKO Group Holdings, Inc. $TKO

Sustainable Insight Capital Management LLC raised its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 610.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,100 shares of the company’s stock after acquiring an additional 6,100 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in TKO Group were worth $1,484,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its stake 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 during the last quarter. Ninety One UK Ltd boosted its stake in TKO Group by 0.8% during the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after purchasing an additional 42,156 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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 during the last quarter. Geode Capital Management LLC boosted its stake in TKO Group by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,855,077 shares of the company’s stock valued at $387,072,000 after purchasing an additional 49,486 shares during the last quarter. Finally, UBS Group AG boosted its stake 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 during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Up 3.6%

Shares of TKO Group stock opened at $213.89 on Friday. The company has a market cap of $41.52 billion, a price-to-earnings ratio of 79.81 and a beta of 0.59. The company’s 50 day moving average is $193.67 and its 200 day moving average is $200.71. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94. 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) 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 net margin of 4.47% and a return on equity of 2.49%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. Research analysts anticipate that TKO Group Holdings, Inc. will post 4.96 EPS for the current 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 $0.79 dividend. The ex-dividend date is Monday, June 15th. This is a boost from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a yield of 1.5%. TKO Group’s payout ratio is 116.42%.

Insider Buying and Selling at TKO Group

In other TKO Group news, CEO Ariel Emanuel purchased 10,805 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the transaction, the chief executive officer owned 154,655 shares of the company’s stock, valued at approximately $28,625,093.95. The trade was a 7.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark S. Shapiro purchased 10,807 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the transaction, the insider directly owned 129,207 shares of the company’s stock, valued at approximately $23,909,755.35. This trade represents a 9.13% increase in their position. 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. Insiders have acquired a total of 24,308 shares of company stock valued at $4,499,679 over the last three months. Insiders own 64.30% of the company’s stock.

Analysts Set New Price Targets

TKO has been the topic of several recent analyst reports. Citizens Jmp assumed coverage on TKO Group in a research note on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 target price on the stock. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BTIG Research restated a “buy” rating and set a $237.00 price objective on shares of TKO Group in a research report on Thursday, May 7th. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. Finally, Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.73.

About TKO Group

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.