TKO Group Holdings, Inc. $TKO Shares Acquired by Marsico Capital Management LLC

Marsico Capital Management LLC increased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 27.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 127,337 shares of the company’s stock after purchasing an additional 27,390 shares during the period. TKO Group accounts for 0.7% of Marsico Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. Marsico Capital Management LLC’s holdings in TKO Group were worth $26,613,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in TKO Group during the fourth quarter worth $27,000. Torren Management LLC acquired a new position in TKO Group during the fourth quarter worth about $32,000. CYBER HORNET ETFs LLC purchased a new position in TKO Group in the 2nd quarter worth about $34,000. Aventura Private Wealth LLC purchased a new position in TKO Group in the 4th quarter worth about $35,000. Finally, MUFG Securities EMEA plc purchased a new position in TKO Group in the 2nd quarter worth about $36,000. 89.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TKO. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Sanford C. Bernstein reduced their price target on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Wolfe Research reissued a “peer perform” rating on shares of TKO Group in a research note on Thursday, March 5th. Finally, Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average target price of $233.73.

TKO Group Stock Up 3.6%

TKO opened at $213.89 on Friday. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94. The firm has a market cap of $41.52 billion, a P/E ratio of 79.81 and a beta of 0.59. The business has a 50 day moving average price of $193.67 and a 200 day moving average price of $200.71. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. Research analysts forecast 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. Stockholders of record on Monday, June 15th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date is Monday, June 15th. TKO Group’s dividend payout ratio is presently 116.42%.

Insiders Place Their Bets

In other news, CFO Andrew M. Schleimer acquired 2,696 shares of the stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $185.44 per share, for a total transaction of $499,946.24. Following the completion of the transaction, the chief financial officer owned 30,240 shares in the company, valued at approximately $5,607,705.60. This trade represents a 9.79% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark S. Shapiro acquired 10,807 shares of the stock in a transaction dated Wednesday, May 13th. The shares were purchased 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 owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This trade represents a 9.13% 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. Insiders have purchased 24,308 shares of company stock valued at $4,499,679 in the last three months. 64.30% of the stock is owned by corporate insiders.

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.