CI Investments Inc. Has $68.31 Million Stake in TKO Group Holdings, Inc. $TKO

CI Investments Inc. increased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 51.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 338,211 shares of the company’s stock after purchasing an additional 114,956 shares during the period. CI Investments Inc.’s holdings in TKO Group were worth $68,305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Somerset Trust Co lifted its stake 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 buying an additional 53 shares in the last quarter. CWM LLC raised its holdings in shares of TKO Group by 7.3% in the 3rd quarter. CWM LLC now owns 796 shares of the company’s stock worth $161,000 after acquiring an additional 54 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of TKO Group by 0.9% in the 3rd quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company’s stock worth $1,485,000 after acquiring an additional 62 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in TKO Group by 57.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 194 shares of the company’s stock valued at $38,000 after acquiring an additional 71 shares in the last quarter. Finally, Howe & Rusling Inc. boosted its stake in TKO Group by 4.7% during the 2nd quarter. Howe & Rusling Inc. now owns 1,603 shares of the company’s stock valued at $292,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Insider Activity at TKO Group

In other TKO Group news, Director Nick Khan sold 7,744 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total value of $1,564,133.12. Following the completion of the sale, the director directly owned 129,084 shares of the company’s stock, valued at $26,072,386.32. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Andrew M. Schleimer sold 11,978 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total value of $2,419,316.44. Following the completion of the sale, the chief financial officer owned 27,544 shares in the company, valued at approximately $5,563,337.12. The trade was a 30.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 168,948 shares of company stock worth $34,267,057 over the last 90 days. Corporate insiders own 53.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TKO. Wolfe Research reissued an “outperform” rating and issued a $227.00 price objective on shares of TKO Group in a research note on Monday, December 15th. BTIG Research lowered their price target on TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Susquehanna restated a “positive” rating and set a $251.00 price objective on shares of TKO Group in a research note on Monday, January 19th. Sanford C. Bernstein upped their target price on shares of TKO Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, TD Cowen reiterated a “buy” rating on shares of TKO Group in a report on Monday, December 8th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $231.40.

TKO Group Stock Up 0.5%

TKO stock opened at $224.90 on Tuesday. TKO Group Holdings, Inc. has a 1-year low of $133.07 and a 1-year high of $226.94. The stock has a market cap of $43.87 billion, a P/E ratio of 99.96 and a beta of 0.66. The stock’s fifty day simple moving average is $207.91 and its two-hundred day simple moving average is $198.13. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The business had revenue of $1.04 billion for 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 company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s payout ratio is currently 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.