TKO Group Holdings, Inc. $TKO is Cat Rock Capital Management LP’s 5th Largest Position

Cat Rock Capital Management LP boosted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 10.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 339,211 shares of the company’s stock after purchasing an additional 32,700 shares during the quarter. TKO Group makes up 15.8% of Cat Rock Capital Management LP’s holdings, making the stock its 5th largest position. Cat Rock Capital Management LP’s holdings in TKO Group were worth $68,287,000 as of its most recent SEC filing.

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. XN LP lifted its position in shares of TKO Group by 6.3% during the 4th quarter. XN LP now owns 2,866,943 shares of the company’s stock valued at $599,191,000 after buying an additional 169,574 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 valued at $496,008,000 after acquiring an additional 395,040 shares during the period. Geode Capital Management LLC grew its stake in TKO Group by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,855,077 shares of the company’s stock valued at $387,072,000 after acquiring an additional 49,486 shares during the period. Finally, Bank of America Corp DE increased its holdings in TKO Group by 22.5% in the 1st quarter. Bank of America Corp DE now owns 1,393,727 shares of the company’s stock worth $281,045,000 after acquiring an additional 256,305 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Down 1.0%

Shares of NYSE TKO opened at $182.78 on Tuesday. TKO Group Holdings, Inc. has a 12-month low of $176.00 and a 12-month high of $226.94. The stock has a market cap of $34.59 billion, a PE ratio of 64.13 and a beta of 0.63. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $190.82 and a 200 day moving average of $195.68.

TKO Group (NYSE:TKO) last released its earnings results on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%.The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the business earned $1.17 earnings per share. As a group, sell-side analysts predict that TKO Group Holdings, Inc. will post 5.18 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. Investors of record on Monday, June 15th were issued a $0.79 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 15th. TKO Group’s payout ratio is 110.88%.

Insider Buying and Selling

In other news, CFO Andrew M. Schleimer sold 9,942 shares of TKO Group stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the transaction, the chief financial officer owned 38,051 shares in the company, valued at $7,396,733.89. The trade was a 20.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel sold 24,702 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the transaction, the chief executive officer directly owned 174,334 shares in the company, valued at approximately $33,888,786.26. The trade was a 12.41% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 120,404 shares of company stock worth $23,196,582. 64.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TKO shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, August 4th. Morgan Stanley boosted their target price on shares of TKO Group from $225.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. reduced their price target on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Roth Capital restated a “buy” rating and issued a $230.00 target price on shares of TKO Group in a research report on Tuesday, August 4th. Finally, BTIG Research reissued a “buy” rating and issued a $237.00 price objective on shares of TKO Group in a research note on Tuesday, August 4th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $238.08.

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.