57,163 Shares in TKO Group Holdings, Inc. $TKO Bought by Generate Investment Management Ltd

Generate Investment Management Ltd acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 57,163 shares of the company’s stock, valued at approximately $11,545,000.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of TKO Group by 368.8% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,186 shares of the company’s stock worth $8,949,000 after acquiring an additional 38,695 shares during the last quarter. Ninety One UK Ltd raised its stake in TKO Group by 14.4% in the 2nd quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock valued at $882,459,000 after purchasing an additional 611,233 shares during the last quarter. Congress Asset Management Co. lifted its holdings in TKO Group by 20.9% in the 3rd quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock valued at $110,084,000 after purchasing an additional 94,100 shares in the last quarter. Hawk Ridge Capital Management LP boosted its stake in TKO Group by 2.1% during the 1st quarter. Hawk Ridge Capital Management LP now owns 734,274 shares of the company’s stock worth $112,204,000 after purchasing an additional 14,760 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of TKO Group during the first quarter worth $6,138,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insiders Place Their Bets

In related news, Director Nick Khan sold 9,519 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.16, for a total transaction of $1,857,728.04. Following the completion of the transaction, the director directly owned 108,985 shares of the company’s stock, valued at $21,269,512.60. The trade was a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shane Kapral sold 254 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $214.08, for a total value of $54,376.32. Following the transaction, the chief financial officer directly owned 1,012 shares of the company’s stock, valued at approximately $216,648.96. This represents a 20.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 30,334 shares of company stock valued at $5,886,681. 53.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Zacks Research downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Susquehanna upped their price objective on shares of TKO Group from $229.00 to $230.00 and gave the company a “positive” rating in a research note on Wednesday, December 10th. Arete Research raised shares of TKO Group to a “hold” rating in a research note on Wednesday, October 15th. Baird R W upgraded TKO Group to a “strong-buy” rating in a report on Friday, September 5th. Finally, Cowen restated a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

TKO Group Stock Down 0.8%

Shares of TKO opened at $214.41 on Wednesday. The company’s 50-day simple moving average is $195.24 and its 200-day simple moving average is $187.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $218.11. The stock has a market capitalization of $41.83 billion, a PE ratio of 82.15 and a beta of 0.65.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.TKO Group’s quarterly revenue was down 27.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. Analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group announced that its Board of Directors has approved a stock buyback program on Monday, September 15th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $0.78 dividend. The ex-dividend date was Monday, December 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TKO Group’s payout ratio is 119.54%.

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.