TKO Group Holdings, Inc. $TKO Holdings Boosted by Northern Right Capital Management L.P.

Northern Right Capital Management L.P. boosted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 15.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,224 shares of the company’s stock after buying an additional 13,835 shares during the period. TKO Group accounts for 6.4% of Northern Right Capital Management L.P.’s investment portfolio, making the stock its 7th largest position. Northern Right Capital Management L.P.’s holdings in TKO Group were worth $20,645,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in TKO. Congress Asset Management Co. boosted its position in shares of TKO Group by 20.9% during the 3rd quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock valued at $110,084,000 after acquiring an additional 94,100 shares during the last quarter. Moran Wealth Management LLC increased its position in TKO Group by 95.2% during the third quarter. Moran Wealth Management LLC now owns 39,043 shares of the company’s stock worth $7,885,000 after purchasing an additional 19,040 shares during the last quarter. Nisa Investment Advisors LLC increased its position in TKO Group by 558.3% during the third quarter. Nisa Investment Advisors LLC now owns 33,342 shares of the company’s stock worth $6,734,000 after purchasing an additional 28,277 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in TKO Group during the third quarter worth about $2,678,000. Finally, American Century Companies Inc. boosted its holdings in TKO Group by 35.9% in the 3rd quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock valued at $146,653,000 after purchasing an additional 191,743 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TKO has been the subject of several analyst reports. BTIG Research dropped their price target on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. TD Cowen lifted their price target on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. JPMorgan Chase & Co. upped their price objective on TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Sanford C. Bernstein increased their price objective on TKO Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, Roth Mkm reissued a “buy” rating and set a $240.00 target price on shares of TKO Group in a research note on Thursday, February 12th. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $231.73.

Insiders Place Their Bets

In related news, insider Seth D. Krauss sold 2,271 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total transaction of $455,812.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Shane Kapral sold 254 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $199.15, for a total transaction of $50,584.10. Following the sale, the chief financial officer directly owned 99 shares of the company’s stock, valued at approximately $19,715.85. This represents a 71.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 169,309 shares of company stock valued at $34,589,482. Company insiders own 61.30% of the company’s stock.

TKO Group Trading Up 2.7%

Shares of NYSE TKO opened at $199.88 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $206.51 and its two-hundred day moving average price is $199.54. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $226.94. The stock has a market capitalization of $38.80 billion, a P/E ratio of 88.84 and a beta of 0.66.

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

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.78 per share. The ex-dividend date is Monday, March 16th. This represents a $3.12 annualized dividend and a yield of 1.6%. TKO Group’s payout ratio is presently 138.67%.

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.