TKO Group Holdings, Inc. $TKO Position Trimmed by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. trimmed its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 3.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 424,663 shares of the company’s stock after selling 13,720 shares during the quarter. Epoch Investment Partners Inc.’s holdings in TKO Group were worth $88,755,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in shares of TKO Group during the fourth quarter worth $27,000. Torren Management LLC bought a new position in TKO Group during the fourth quarter valued at about $32,000. CYBER HORNET ETFs LLC bought a new position in TKO Group during the second quarter valued at about $34,000. Aventura Private Wealth LLC bought a new position in TKO Group during the fourth quarter valued at about $35,000. Finally, MUFG Securities EMEA plc bought a new position in TKO Group during the second quarter valued at about $36,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Trading Down 4.8%

TKO Group stock opened at $203.42 on Friday. 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 business’s 50-day simple moving average is $193.73 and its 200-day simple moving average is $200.73. The firm has a market capitalization of $39.49 billion, a PE ratio of 75.90 and a beta of 0.59. TKO Group Holdings, Inc. has a 52 week low of $152.29 and a 52 week high of $226.94.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The business 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 firm’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. Equities research analysts forecast that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. This is a boost from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is currently 116.42%.

Insiders Place Their Bets

In other TKO Group news, CEO Ariel Emanuel bought 10,805 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $185.09 per share, with a total value of $1,999,897.45. Following the acquisition, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at $28,625,093.95. The trade was a 7.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark S. Shapiro bought 10,807 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the acquisition, the insider directly owned 129,207 shares in the company, valued at $23,909,755.35. This represents a 9.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders acquired 24,308 shares of company stock valued at $4,499,679 over the last quarter. 64.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TKO shares. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. TD Cowen raised their target price on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Roth Mkm set a $228.00 target price on TKO Group in a report on Monday, May 4th. Finally, Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus 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.