South Dakota Investment Council Cuts Stock Holdings in TKO Group Holdings, Inc. $TKO

South Dakota Investment Council lessened its position in TKO Group Holdings, Inc. (NYSE:TKO) by 36.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,000 shares of the company’s stock after selling 2,900 shares during the quarter. South Dakota Investment Council’s holdings in TKO Group were worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Somerset Trust Co lifted its holdings in TKO Group by 2.5% in the 3rd quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock valued at $435,000 after purchasing an additional 53 shares in the last quarter. CWM LLC raised its position in shares of TKO Group by 7.3% in the third quarter. CWM LLC now owns 796 shares of the company’s stock valued at $161,000 after buying an additional 54 shares during the last quarter. Simon Quick Advisors LLC raised its position in shares of TKO Group by 0.9% in the third quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company’s stock valued at $1,485,000 after buying an additional 62 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of TKO Group by 57.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 194 shares of the company’s stock worth $38,000 after buying an additional 71 shares in the last quarter. Finally, Howe & Rusling Inc. boosted its position in TKO Group by 4.7% during the second quarter. Howe & Rusling Inc. now owns 1,603 shares of the company’s stock worth $292,000 after acquiring an additional 72 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other TKO Group news, CFO Shane Kapral sold 616 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $221.91, for a total transaction of $136,696.56. Following the transaction, the chief financial officer directly owned 353 shares in the company, valued at $78,334.23. This represents a 63.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Seth D. Krauss sold 2,271 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $200.71, for a total value of $455,812.41. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 169,563 shares of company stock valued at $34,642,745. Company insiders own 61.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TKO. Wolfe Research reissued a “peer perform” rating on shares of TKO Group in a research note on Thursday. Roth Mkm reiterated a “buy” rating and set a $240.00 price objective on shares of TKO Group in a research report on Thursday, February 12th. UBS Group boosted their price objective on TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Pivotal Research upped their target price on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Sanford C. Bernstein raised their target price on TKO Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $231.40.

TKO Group Price Performance

NYSE:TKO opened at $211.71 on Friday. TKO Group Holdings, Inc. has a 52 week low of $133.07 and a 52 week high of $226.94. The stock’s fifty day moving average is $207.84 and its two-hundred day moving average is $198.56. The company has a market capitalization of $41.30 billion, a P/E ratio of 94.09 and a beta of 0.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43.

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 analysts’ consensus estimates of $0.12 by ($0.20). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The business’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 company posted $0.28 earnings per share. Equities analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.78 per share. The ex-dividend date is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TKO Group’s dividend payout ratio (DPR) is currently 138.67%.

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.