Rice Hall James & Associates LLC Decreases Stake in TKO Group Holdings, Inc. $TKO

Rice Hall James & Associates LLC reduced its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 84.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,851 shares of the company’s stock after selling 109,234 shares during the quarter. Rice Hall James & Associates LLC’s holdings in TKO Group were worth $4,149,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new position in TKO Group during the 4th quarter worth approximately $27,000. Torren Management LLC acquired a new stake in TKO Group in the 4th quarter valued at $32,000. Aventura Private Wealth LLC acquired a new stake in TKO Group in the 4th quarter valued at $35,000. Clearstead Advisors LLC grew its stake in TKO Group by 234.0% in the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock valued at $37,000 after acquiring an additional 124 shares during the period. Finally, IFC & Insurance Marketing Inc. acquired a new stake in TKO Group in the 4th quarter valued at $38,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TKO. Citigroup cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. 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 note on Wednesday, March 11th. Wolfe Research reaffirmed a “peer perform” rating on shares of TKO Group in a research note on Thursday, March 5th. Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $233.73.

Insider Buying and Selling

In related news, insider Mark S. Shapiro purchased 10,807 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the acquisition, the insider directly owned 129,207 shares in the company, valued at approximately $23,909,755.35. The trade was a 9.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer purchased 2,696 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $185.44 per share, for a total transaction of $499,946.24. Following the acquisition, the chief financial officer owned 30,240 shares in the company, valued at approximately $5,607,705.60. This trade represents a 9.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have acquired 24,308 shares of company stock worth $4,499,679 in the last quarter. 64.30% of the stock is currently owned by insiders.

TKO Group Trading Down 1.2%

Shares of TKO opened at $200.92 on Tuesday. TKO Group Holdings, Inc. has a 52-week low of $152.29 and a 52-week high of $226.94. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average is $193.67 and its two-hundred day moving average is $200.96. The stock has a market cap of $39.00 billion, a PE ratio of 74.97 and a beta of 0.59.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. Research analysts forecast that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.79 per share. The ex-dividend date is Monday, June 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is presently 116.42%.

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.