M & L Capital Management Ltd Takes Position in TKO Group Holdings, Inc. $TKO

M & L Capital Management Ltd bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,250 shares of the company’s stock, valued at approximately $2,978,000. TKO Group accounts for about 0.6% of M & L Capital Management Ltd’s investment portfolio, making the stock its 16th biggest position.

A number of other large investors also recently modified their holdings of the company. Somerset Trust Co grew its holdings in TKO Group by 2.5% during the third quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock worth $435,000 after buying an additional 53 shares in the last quarter. CWM LLC lifted its stake in TKO Group by 7.3% during the 3rd quarter. CWM LLC now owns 796 shares of the company’s stock valued at $161,000 after acquiring an additional 54 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in TKO Group by 6.3% during the 3rd 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. Simon Quick Advisors LLC boosted its holdings in TKO Group by 0.9% during the 3rd quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company’s stock worth $1,485,000 after acquiring an additional 62 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of TKO Group by 48.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the company’s stock worth $39,000 after acquiring an additional 63 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Price Performance

Shares of NYSE:TKO opened at $194.37 on Tuesday. The company has a market capitalization of $37.73 billion, a P/E ratio of 86.39 and a beta of 0.66. The company’s 50-day moving average is $206.02 and its 200 day moving average is $199.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. TKO Group Holdings, Inc. has a fifty-two week low of $133.07 and a fifty-two week high of $226.94.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The company 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 quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. On average, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.78 per share. The ex-dividend date is Monday, March 16th. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is presently 138.67%.

Analyst Ratings Changes

A number of research firms recently weighed in on TKO. Morgan Stanley set a $210.00 price target on shares of TKO Group in a research report on Thursday, December 18th. TD Cowen increased their price objective on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. Sanford C. Bernstein lifted their target price on shares of TKO Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research note on Thursday, March 5th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.73.

Insider Transactions at TKO Group

In other TKO Group news, Director Nick Khan sold 9,518 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $220.29, for a total transaction of $2,096,720.22. Following the completion of the transaction, the director directly owned 110,048 shares of the company’s stock, valued at approximately $24,242,473.92. This represents a 7.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 SEC filing for this sale provides additional information. Insiders sold a total of 169,055 shares of company stock worth $34,535,105 in the last quarter. Insiders own 53.80% of the company’s stock.

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.