KBC Group NV Buys 23,003 Shares of TKO Group Holdings, Inc. $TKO

KBC Group NV grew its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 1,200.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,919 shares of the company’s stock after acquiring an additional 23,003 shares during the quarter. KBC Group NV’s holdings in TKO Group were worth $5,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its holdings in TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after purchasing an additional 887,401 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of TKO Group by 0.8% during the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock worth $1,046,287,000 after buying an additional 42,156 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of TKO Group by 54.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock worth $665,826,000 after buying an additional 1,128,749 shares during the last quarter. XN LP boosted its stake in shares of TKO Group by 6.3% in the 4th quarter. XN LP now owns 2,866,943 shares of the company’s stock worth $599,191,000 after buying an additional 169,574 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of TKO Group by 20.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock valued at $496,008,000 after acquiring an additional 395,040 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

TKO Group stock opened at $179.50 on Friday. The business’s 50 day simple moving average is $195.97 and its 200 day simple moving average is $198.48. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The company has a market cap of $34.84 billion, a price-to-earnings ratio of 66.98 and a beta of 0.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. Sell-side analysts forecast that TKO Group Holdings, Inc. will post 4.94 EPS for the current year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.79 dividend. This is an increase from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 annualized dividend and a yield of 1.8%. TKO Group’s payout ratio is 117.91%.

Insider Transactions at TKO Group

In other TKO Group news, Director Nick Khan sold 9,589 shares of the company’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $182.63, for a total transaction of $1,751,239.07. Following the sale, the director directly owned 72,013 shares of the company’s stock, valued at $13,151,734.19. This represents a 11.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark S. Shapiro bought 10,807 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $185.05 per share, with a total value of $1,999,835.35. Following the transaction, the insider directly owned 129,207 shares of the company’s stock, valued at approximately $23,909,755.35. This trade represents a 9.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have acquired 24,308 shares of company stock valued at $4,499,679 and have sold 28,696 shares valued at $5,511,785. Company insiders own 64.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TKO shares. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Roth Capital set a $228.00 target price on TKO Group in a research note on Monday, May 4th. Sanford C. Bernstein cut their price target on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Citizens Jmp began coverage on shares of TKO Group in a research report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price target for the company. Finally, Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $233.87.

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.