Severin Investments LLC Acquires New Position in TKO Group Holdings, Inc. $TKO

Severin Investments LLC acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,892 shares of the company’s stock, valued at approximately $604,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in shares of TKO Group during the 4th quarter valued at approximately $27,000. Torren Management LLC purchased a new stake in TKO Group in the 4th quarter worth approximately $32,000. Aventura Private Wealth LLC purchased a new stake in TKO Group in the 4th quarter worth approximately $35,000. Clearstead Advisors LLC grew its stake in TKO Group by 234.0% in the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock worth $37,000 after acquiring an additional 124 shares during the period. Finally, Atlantic Union Bankshares Corp grew its stake in TKO Group by 1,680.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after acquiring an additional 168 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on TKO. Wolfe Research reiterated a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. UBS Group lifted their target price on shares of TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Sanford C. Bernstein reduced their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Finally, Citizens Jmp started coverage on shares of TKO Group in a report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective on the stock. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $233.73.

Insider Buying and Selling

In other news, Director Nick Khan sold 9,518 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $185.99, for a total value of $1,770,252.82. Following the completion of the sale, the director owned 91,100 shares of the company’s stock, valued at approximately $16,943,689. The trade was a 9.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ariel Emanuel bought 10,805 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $185.09 per share, with a total value of $1,999,897.45. Following the transaction, the chief executive officer directly owned 154,655 shares in the company, valued at approximately $28,625,093.95. The trade was a 7.51% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 29,424 shares worth $5,944,433. Company insiders own 61.30% of the company’s stock.

TKO Group Stock Performance

Shares of TKO stock opened at $188.36 on Thursday. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $36.56 billion, a P/E ratio of 70.28 and a beta of 0.57. The company’s fifty day moving average price is $191.60 and its two-hundred day moving average price is $198.96.

TKO Group (NYSE:TKO) last issued 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. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. On average, research analysts anticipate that TKO Group Holdings, Inc. will post 5 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a $0.78 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 annualized dividend and a dividend yield of 1.7%. TKO Group’s payout ratio is presently 116.42%.

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.