Ninety One North America Inc. Buys New Position in TKO Group Holdings, Inc. $TKO

Ninety One North America Inc. bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, Holdings Channel.com reports. The firm bought 62,231 shares of the company’s stock, valued at approximately $13,006,000.

Several other large investors have also bought and sold shares of the company. Ninety One SA Pty Ltd boosted its stake in TKO Group by 86.2% during the fourth quarter. Ninety One SA Pty Ltd now owns 133,187 shares of the company’s stock valued at $27,836,000 after buying an additional 61,657 shares in the last quarter. Draper Asset Management LLC boosted its stake in TKO Group by 135.2% during the fourth quarter. Draper Asset Management LLC now owns 12,484 shares of the company’s stock valued at $2,609,000 after buying an additional 7,176 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in TKO Group by 19.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,009 shares of the company’s stock valued at $2,510,000 after buying an additional 1,923 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in TKO Group by 78.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,320 shares of the company’s stock valued at $485,000 after buying an additional 1,018 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in TKO Group by 9.1% during the fourth quarter. Assetmark Inc. now owns 21,985 shares of the company’s stock valued at $4,595,000 after buying an additional 1,832 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

TKO has been the subject of several research reports. Citizens Jmp initiated coverage on TKO Group in a research note on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 target price for the company. Wall Street Zen cut TKO Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Finally, UBS Group increased their price target on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Twelve investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $232.25.

TKO Group Trading Up 1.0%

NYSE:TKO opened at $186.21 on Friday. 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 Holdings, Inc. has a 1-year low of $141.44 and a 1-year high of $226.94. The firm has a market capitalization of $36.15 billion, a price-to-earnings ratio of 82.76 and a beta of 0.69. The stock has a fifty day simple moving average of $202.67 and a 200 day simple moving average of $199.22.

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). TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $0.78 dividend. The ex-dividend date was Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.7%. TKO Group’s dividend payout ratio (DPR) is 138.67%.

Insiders Place Their Bets

In related news, insider Seth D. Krauss sold 14,016 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $201.22, for a total value of $2,820,299.52. Following the completion of the sale, the insider directly owned 2,271 shares of the company’s stock, valued at approximately $456,970.62. This represents a 86.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nick Khan sold 9,518 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $201.31, for a total value of $1,916,068.58. Following the completion of the sale, the director directly owned 119,566 shares of the company’s stock, valued at approximately $24,069,831.46. This represents a 7.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 84,726 shares of company stock worth $17,262,744 over the last three months. Company insiders own 61.30% of the company’s stock.

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.