DigitalBridge Group Inc. Acquires 9,251 Shares of TKO Group Holdings, Inc. $TKO

DigitalBridge Group Inc. raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 6.1% during the third quarter, HoldingsChannel.com reports. The fund owned 160,068 shares of the company’s stock after purchasing an additional 9,251 shares during the period. TKO Group makes up about 2.5% of DigitalBridge Group Inc.’s holdings, making the stock its 21st biggest holding. DigitalBridge Group Inc.’s holdings in TKO Group were worth $32,327,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Kestra Private Wealth Services LLC lifted its stake in TKO Group by 237.8% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 6,348 shares of the company’s stock valued at $1,282,000 after purchasing an additional 4,469 shares during the last quarter. Armistice Capital LLC bought a new stake in shares of TKO Group during the third quarter worth $1,217,000. Williamson Legacy Group LLC increased its holdings in shares of TKO Group by 172.2% during the third quarter. Williamson Legacy Group LLC now owns 4,040 shares of the company’s stock worth $816,000 after buying an additional 2,556 shares in the last quarter. Woodline Partners LP lifted its stake in shares of TKO Group by 2,296.4% in the 3rd quarter. Woodline Partners LP now owns 173,545 shares of the company’s stock valued at $35,049,000 after acquiring an additional 166,303 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its stake in shares of TKO Group by 110.9% in the 3rd quarter. Dark Forest Capital Management LP now owns 38,537 shares of the company’s stock valued at $7,783,000 after acquiring an additional 20,262 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. BTIG Research reduced their price objective on TKO Group from $250.00 to $237.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. TD Cowen lifted their price target on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Morgan Stanley set a $210.00 price objective on TKO Group in a research note on Thursday, December 18th. Pivotal Research raised their price objective on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $231.73.

TKO Group Stock Performance

Shares of TKO opened at $200.34 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. The firm’s fifty day simple moving average is $206.47 and its two-hundred day simple moving average is $199.62. TKO Group Holdings, Inc. has a 12 month low of $133.07 and a 12 month high of $226.94. The stock has a market capitalization of $38.89 billion, a P/E ratio of 89.04 and a beta of 0.66.

TKO Group (NYSE:TKO) last posted 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 business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The business’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. As a group, analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.12 annualized dividend and a yield of 1.6%. TKO Group’s payout ratio is 138.67%.

Insiders Place Their Bets

In other news, Director Nick Khan sold 37,425 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $204.01, for a total transaction of $7,635,074.25. Following the completion of the sale, the director owned 122,868 shares of the company’s stock, valued at $25,066,300.68. This trade represents a 23.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Seth D. Krauss sold 14,016 shares of TKO Group stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $201.22, for a total transaction of $2,820,299.52. Following the completion of the sale, the insider owned 2,271 shares of the company’s stock, valued at $456,970.62. This represents a 86.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 169,309 shares of company stock valued at $34,589,482 over the last 90 days. 53.80% of the stock is currently owned by corporate insiders.

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.