TKO Group Holdings, Inc. $TKO is Lindsell Train Ltd’s Largest Position

Lindsell Train Ltd trimmed its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,173,662 shares of the company’s stock after selling 220,715 shares during the period. TKO Group comprises about 13.6% of Lindsell Train Ltd’s portfolio, making the stock its largest position. Lindsell Train Ltd’s holdings in TKO Group were worth $577,448,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TKO. Hartford Investment Management Co. bought a new stake in TKO Group during the 1st quarter valued at $623,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of TKO Group by 368.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,186 shares of the company’s stock worth $8,949,000 after purchasing an additional 38,695 shares during the last quarter. Ninety One UK Ltd boosted its position in TKO Group by 14.4% during the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock valued at $882,459,000 after purchasing an additional 611,233 shares in the last quarter. Pinnacle Associates Ltd. purchased a new position in TKO Group in the first quarter valued at about $6,977,000. Finally, Hawk Ridge Capital Management LP raised its holdings in TKO Group by 2.1% in the first quarter. Hawk Ridge Capital Management LP now owns 734,274 shares of the company’s stock worth $112,204,000 after purchasing an additional 14,760 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other TKO Group news, Director Peter C. B. Bynoe purchased 740 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was purchased at an average price of $203.00 per share, for a total transaction of $150,220.00. Following the purchase, the director directly owned 5,187 shares in the company, valued at approximately $1,052,961. This trade represents a 16.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nick Khan sold 9,519 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $186.43, for a total value of $1,774,627.17. Following the transaction, the director owned 137,456 shares in the company, valued at $25,625,922.08. This represents a 6.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 28,557 shares of company stock valued at $5,449,723. 61.30% of the stock is owned by company insiders.

TKO Group Trading Up 0.7%

Shares of TKO Group stock opened at $183.91 on Friday. TKO Group Holdings, Inc. has a 1 year low of $116.59 and a 1 year high of $212.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $36.47 billion, a PE ratio of 75.99 and a beta of 0.72. The firm has a fifty day moving average price of $192.32 and a 200 day moving average price of $178.72.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business posted $0.28 earnings per share. TKO Group’s revenue for the quarter was down 27.3% on a year-over-year basis. TKO Group has set its FY 2025 guidance at EPS. Equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group announced that its board has initiated a stock buyback program on Monday, September 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, September 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.38. TKO Group’s dividend payout ratio is currently 116.48%.

Wall Street Analyst Weigh In

TKO has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Pivotal Research raised their price objective on TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. upped their target price on TKO Group from $182.00 to $212.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Roth Capital boosted their price target on TKO Group from $208.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Finally, Guggenheim increased their price objective on shares of TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and an average target price of $222.23.

TKO Group Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.