NFJ Investment Group LLC Makes New $3.97 Million Investment in TKO Group Holdings, Inc. $TKO

NFJ Investment Group LLC purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 4th quarter, Holdings Channel.com reports. The fund purchased 18,990 shares of the company’s stock, valued at approximately $3,969,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in shares of TKO Group during the 4th quarter valued at about $27,000. Torren Management LLC acquired a new stake in shares of TKO Group during the 4th quarter valued at about $32,000. Aventura Private Wealth LLC acquired a new stake in shares of TKO Group during the 4th quarter valued at about $35,000. Clearstead Advisors LLC grew its position in shares of TKO Group by 234.0% during the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock valued at $37,000 after acquiring an additional 124 shares during the period. Finally, IFC & Insurance Marketing Inc. acquired a new stake in shares of TKO Group during the 4th quarter valued at about $38,000. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Trading Up 0.0%

TKO stock opened at $203.42 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. TKO Group Holdings, Inc. has a 12-month low of $152.29 and a 12-month high of $226.94. The stock has a market cap of $39.49 billion, a price-to-earnings ratio of 75.90 and a beta of 0.59. The business’s 50-day moving average is $193.73 and its 200 day moving average is $200.86.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the firm posted $0.69 EPS. TKO Group’s revenue was up 25.9% compared to the same quarter last year. On average, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 4.96 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is presently 116.42%.

Insider Transactions at TKO Group

In other news, CFO Andrew M. Schleimer acquired 2,696 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $185.44 per share, for a total transaction of $499,946.24. Following the acquisition, the chief financial officer owned 30,240 shares in the company, valued at approximately $5,607,705.60. This represents a 9.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 that occurred on Wednesday, May 13th. The stock was purchased at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the acquisition, the insider owned 129,207 shares in the company, valued at $23,909,755.35. The trade was a 9.13% increase in their position. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have purchased 24,308 shares of company stock valued at $4,499,679. 64.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TKO has been the topic of a number of analyst reports. BTIG Research restated a “buy” rating and set a $237.00 target price on shares of TKO Group in a research report on Thursday, May 7th. UBS Group raised their target price on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Roth Mkm set a $228.00 target price on TKO Group in a research report on Monday, May 4th. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and an average price target of $233.73.

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.