OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.13 Million Stock Position in TKO Group Holdings, Inc. $TKO

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 150.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 15,000 shares of the company’s stock after purchasing an additional 9,000 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TKO Group were worth $3,135,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. M & L Capital Management Ltd acquired a new stake in shares of TKO Group in the fourth quarter valued at approximately $2,978,000. American Century Companies Inc. boosted its stake in shares of TKO Group by 35.9% during the 3rd quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock worth $146,653,000 after acquiring an additional 191,743 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of TKO Group during the 3rd quarter worth approximately $10,105,000. Perpetual Ltd acquired a new position in shares of TKO Group during the 4th quarter worth approximately $26,046,000. Finally, Swiss Life Asset Management Ltd raised its stake in TKO Group by 711.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 25,810 shares of the company’s stock valued at $5,394,000 after acquiring an additional 22,629 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Buying and Selling at TKO Group

In related news, Director Nick Khan sold 9,589 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $207.56, for a total transaction of $1,990,292.84. Following the transaction, the director directly owned 81,511 shares of the company’s stock, valued at approximately $16,918,423.16. This trade represents a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark S. Shapiro acquired 10,807 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $185.05 per share, with a total value of $1,999,835.35. Following the purchase, the insider directly owned 129,207 shares in the company, 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. In the last three months, insiders purchased 24,308 shares of company stock worth $4,499,679 and sold 28,625 shares worth $5,650,725. 64.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

TKO has been the subject of several research reports. Citizens Jmp assumed coverage on TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price target for the company. 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. UBS Group increased their price objective on shares of TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $233.73.

TKO Group Price Performance

Shares of NYSE TKO opened at $199.29 on Friday. The firm has a market cap of $38.69 billion, a P/E ratio of 74.36 and a beta of 0.59. The business’s 50 day moving average is $193.72 and its 200-day moving average is $201.04. 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 1-year low of $152.29 and a 1-year high of $226.94.

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, beating 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 business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the company posted $0.69 EPS. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. Equities research analysts predict that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current year.

TKO Group Increases Dividend

The company 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 dividend of $0.79 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.78. 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. TKO Group’s payout ratio is 117.91%.

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.