Private Advisor Group LLC Increases Position in TKO Group Holdings, Inc. $TKO

Private Advisor Group LLC boosted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 284.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,076 shares of the company’s stock after purchasing an additional 3,757 shares during the quarter. Private Advisor Group LLC’s holdings in TKO Group were worth $1,024,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TKO. State Street Corp increased its position in shares of TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after buying an additional 887,401 shares in the last quarter. Ninety One UK Ltd grew its stake in TKO Group by 0.8% in the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after acquiring an additional 42,156 shares during the period. Massachusetts Financial Services Co. MA grew its stake in TKO Group by 54.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after acquiring an additional 1,128,749 shares during the period. XN LP increased its holdings in TKO Group by 6.3% in the 4th quarter. XN LP now owns 2,866,943 shares of the company’s stock worth $599,191,000 after acquiring an additional 169,574 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in TKO Group by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after acquiring an additional 395,040 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Performance

TKO opened at $180.88 on Tuesday. The firm has a market capitalization of $35.11 billion, a PE ratio of 67.49 and a beta of 0.60. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94. The firm’s 50-day moving average price is $196.57 and its 200 day moving average price is $200.18. 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 (NYSE:TKO) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. TKO Group’s quarterly revenue was up 25.9% on a year-over-year basis. As a group, sell-side analysts expect that TKO Group Holdings, Inc. will post 4.94 EPS for the current fiscal year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. TKO Group’s dividend payout ratio (DPR) is currently 117.91%.

Insider Buying and Selling

In related news, CEO Ariel Emanuel bought 10,805 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the acquisition, the chief executive officer directly owned 154,655 shares in the company, valued at $28,625,093.95. This represents a 7.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nick Khan sold 9,589 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $207.56, for a total value of $1,990,292.84. Following the completion of the sale, the director directly owned 81,511 shares of the company’s stock, valued at $16,918,423.16. This trade represents a 10.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders bought a total of 24,308 shares of company stock worth $4,499,679 in the last three months. Company insiders own 64.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TKO shares. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Citigroup cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Roth Capital set a $228.00 price target on shares of TKO Group in a research report on Monday, May 4th. Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, BTIG Research reiterated a “buy” rating and issued a $237.00 price objective on shares of TKO Group in a report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $233.73.

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.