CenterBook Partners LP Decreases Holdings in TKO Group Holdings, Inc. $TKO

CenterBook Partners LP reduced its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 40.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,133 shares of the company’s stock after selling 5,623 shares during the quarter. CenterBook Partners LP’s holdings in TKO Group were worth $1,700,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Elyxium Wealth LLC acquired a new position in TKO Group in the fourth quarter valued at approximately $27,000. Torren Management LLC acquired a new stake in TKO Group during the fourth quarter worth approximately $32,000. Aventura Private Wealth LLC acquired a new stake in TKO Group during the fourth quarter worth approximately $35,000. Clearstead Advisors LLC lifted 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 worth $37,000 after buying an additional 124 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of TKO Group in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Trading Up 0.8%

NYSE TKO opened at $204.33 on Wednesday. The firm’s fifty day moving average is $193.20 and its two-hundred day moving average is $200.25. TKO Group Holdings, Inc. has a one year low of $152.29 and a one year high of $226.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $39.66 billion, a PE ratio of 76.24 and a beta of 0.59.

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

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.5%. This is a boost 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 currently 116.42%.

Insider Buying and Selling

In other news, CEO Ariel Emanuel bought 10,805 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $185.09 per share, for a total transaction of $1,999,897.45. Following the purchase, the chief executive officer owned 154,655 shares of the company’s stock, valued at approximately $28,625,093.95. The trade was a 7.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark S. Shapiro bought 10,807 shares of the stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the acquisition, the insider owned 129,207 shares of the company’s stock, valued at approximately $23,909,755.35. This represents a 9.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders bought 24,308 shares of company stock valued at $4,499,679 in the last ninety days. Company insiders own 64.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citizens Jmp began coverage on shares of TKO Group in a research note on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price target on the stock. TD Cowen upped their price objective on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup cut TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, BTIG Research reissued a “buy” rating and issued a $237.00 target price on shares of TKO Group in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.