Triavera Capital LLC Has $13.25 Million Stock Position in TKO Group Holdings, Inc. $TKO

Triavera Capital LLC boosted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 7.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,600 shares of the company’s stock after purchasing an additional 4,700 shares during the quarter. TKO Group accounts for about 6.4% of Triavera Capital LLC’s investment portfolio, making the stock its 4th biggest holding. Triavera Capital LLC’s holdings in TKO Group were worth $13,249,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Golden State Wealth Management LLC increased its holdings in shares of TKO Group by 840.0% in the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after acquiring an additional 126 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in shares of TKO Group by 1,360.0% during the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares in the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of TKO Group by 1,680.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after purchasing an additional 168 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of TKO Group in the 2nd quarter valued at approximately $34,000. Finally, Mather Group LLC. bought a new stake in TKO Group during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TKO shares. UBS Group lifted their price target on shares of TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. TD Cowen reiterated a “buy” rating on shares of TKO Group in a report on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a research note on Monday, December 29th. Roth Mkm reaffirmed a “buy” rating and set a $240.00 price objective on shares of TKO Group in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein lifted their target price on TKO Group from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $231.40.

TKO Group Trading Down 4.2%

Shares of NYSE:TKO opened at $202.90 on Friday. The company’s 50-day moving average price is $207.55 and its two-hundred day moving average price is $198.68. TKO Group Holdings, Inc. has a one year low of $133.07 and a one year high of $226.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $39.58 billion, a PE ratio of 90.18 and a beta of 0.66.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.20). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. TKO Group’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, March 16th. TKO Group’s dividend payout ratio (DPR) is currently 138.67%.

Insider Buying and Selling

In other news, Director Nick Khan sold 37,425 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $204.01, for a total transaction of $7,635,074.25. Following the sale, the director owned 122,868 shares in the company, valued at $25,066,300.68. This represents a 23.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Seth D. Krauss sold 14,016 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $201.22, for a total value of $2,820,299.52. Following the completion of the sale, the insider directly owned 2,271 shares of the company’s stock, valued at approximately $456,970.62. The trade was a 86.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 169,563 shares of company stock worth $34,642,745 over the last 90 days. Company insiders own 61.30% of the company’s stock.

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.