Intech Investment Management LLC Has $1.58 Million Holdings in TKO Group Holdings, Inc. $TKO

Intech Investment Management LLC lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 45.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,564 shares of the company’s stock after selling 6,335 shares during the quarter. Intech Investment Management LLC’s holdings in TKO Group were worth $1,581,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in TKO Group in the fourth quarter valued at about $27,000. Torren Management LLC acquired a new position in TKO Group in the fourth quarter valued at about $32,000. CYBER HORNET ETFs LLC acquired a new position in TKO Group in the second quarter valued at about $34,000. Aventura Private Wealth LLC acquired a new position in TKO Group in the fourth quarter valued at about $35,000. Finally, Atlantic Union Bankshares Corp raised its stake in TKO Group by 1,680.0% in the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research reissued a “buy” rating and set a $237.00 target price on shares of TKO Group in a research note on Thursday, May 7th. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Zacks Research raised TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, TD Cowen boosted their target price on TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.73.

TKO Group Stock Up 2.1%

Shares of NYSE TKO opened at $202.69 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market cap of $39.35 billion, a price-to-earnings ratio of 75.63 and a beta of 0.59. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The stock has a 50-day moving average price of $192.50 and a two-hundred day moving average price of $199.89.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.11 by $0.01. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. As a group, analysts forecast that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company 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 annualized dividend and a dividend yield of 1.6%. This is an increase from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date is Monday, June 15th. TKO Group’s dividend payout ratio (DPR) is presently 116.42%.

Insider Activity at TKO Group

In other news, CFO Shane Kapral sold 254 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $199.15, for a total transaction of $50,584.10. Following the sale, the chief financial officer directly owned 99 shares in the company, valued at approximately $19,715.85. The trade was a 71.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nick Khan sold 9,518 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $185.99, for a total value of $1,770,252.82. Following the sale, the director owned 91,100 shares in the company, valued at approximately $16,943,689. This trade represents a 9.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders purchased 24,308 shares of company stock valued at $4,499,679 and sold 19,290 shares valued at $3,711,017. 64.30% of the stock is currently owned by company insiders.

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.