14,250 Shares in TKO Group Holdings, Inc. $TKO Purchased by M & L Capital Management Ltd

M & L Capital Management Ltd acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, Holdings Channel reports. The firm acquired 14,250 shares of the company’s stock, valued at approximately $2,978,000. TKO Group comprises 0.6% of M & L Capital Management Ltd’s holdings, making the stock its 16th biggest holding.

Several other institutional investors have also added to or reduced their stakes in TKO. Somerset Trust Co raised its position in shares of TKO Group by 2.5% in the third quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock valued at $435,000 after purchasing an additional 53 shares during the period. CWM LLC boosted its holdings in TKO Group by 7.3% in the 3rd quarter. CWM LLC now owns 796 shares of the company’s stock worth $161,000 after buying an additional 54 shares during the period. Sunbelt Securities Inc. grew its stake in TKO Group by 6.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock valued at $192,000 after buying an additional 56 shares in the last quarter. Simon Quick Advisors LLC grew its stake in TKO Group by 0.9% in the 3rd quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company’s stock valued at $1,485,000 after buying an additional 62 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in TKO Group by 48.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the company’s stock valued at $39,000 after acquiring an additional 63 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Up 3.2%

TKO opened at $194.37 on Tuesday. The firm has a market capitalization of $37.73 billion, a P/E ratio of 86.39 and a beta of 0.66. TKO Group Holdings, Inc. has a one year low of $133.07 and a one year high of $226.94. The company has a fifty day moving average price of $206.02 and a 200-day moving average price of $199.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26.

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

TKO Group Announces Dividend

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 issued a $0.78 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is presently 138.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TKO shares. Susquehanna reaffirmed a “positive” rating and issued a $251.00 price target on shares of TKO Group in a report on Monday, January 19th. 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 report on Thursday, February 19th. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research note on Thursday, March 5th. Wall Street Zen lowered TKO Group from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, TD Cowen upped their price target on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $231.73.

Insider Activity

In other news, Director Nick Khan sold 9,518 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $220.29, for a total transaction of $2,096,720.22. Following the completion of the transaction, the director owned 110,048 shares of the company’s stock, valued at approximately $24,242,473.92. The trade was a 7.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Seth D. Krauss sold 2,271 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $200.71, for a total transaction of $455,812.41. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 169,055 shares of company stock worth $34,535,105. 53.80% of the stock is currently owned by insiders.

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.