Natixis Advisors LLC Buys 2,669 Shares of TKO Group Holdings, Inc. $TKO

Natixis Advisors LLC raised its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 0.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 295,492 shares of the company’s stock after buying an additional 2,669 shares during the quarter. Natixis Advisors LLC’s holdings in TKO Group were worth $59,678,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Somerset Trust Co boosted its stake in shares of TKO Group by 2.5% in the 3rd quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock worth $435,000 after buying an additional 53 shares during the last quarter. CWM LLC increased its position in TKO Group by 7.3% during the third quarter. CWM LLC now owns 796 shares of the company’s stock valued at $161,000 after acquiring an additional 54 shares during the last quarter. Simon Quick Advisors LLC increased its position in TKO Group by 0.9% during the third quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company’s stock valued at $1,485,000 after acquiring an additional 62 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in TKO Group by 57.7% in the third 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 during the period. Finally, Howe & Rusling Inc. boosted its position in TKO Group by 4.7% in the second quarter. Howe & Rusling Inc. now owns 1,603 shares of the company’s stock worth $292,000 after purchasing an additional 72 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of TKO Group in a research note on Monday, December 29th. UBS Group increased their price objective on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. TD Cowen reissued a “buy” rating on shares of TKO Group in a report on Monday, December 8th. Pivotal Research boosted their target price on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Morgan Stanley set a $210.00 target price on shares of TKO Group in a report on Thursday, December 18th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $231.40.

TKO Group Stock Performance

Shares of NYSE TKO opened at $204.14 on Tuesday. The company has a market cap of $39.63 billion, a P/E ratio of 90.73 and a beta of 0.66. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $226.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s fifty day moving average is $207.32 and its two-hundred day moving average is $199.03.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.20). TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TKO Group’s dividend payout ratio is presently 138.67%.

Insider Transactions at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 11,978 shares of TKO Group stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total value of $2,419,316.44. Following the sale, the chief financial officer owned 27,544 shares of the company’s stock, valued at $5,563,337.12. The trade was a 30.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Seth D. Krauss sold 14,016 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $201.22, for a total value of $2,820,299.52. Following the sale, the insider directly owned 2,271 shares in the company, valued at $456,970.62. This trade represents a 86.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 169,309 shares of company stock worth $34,591,333. 53.80% of the stock is owned by corporate insiders.

TKO Group 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.