TKO Group Holdings, Inc. $TKO Stock Holdings Cut by Cynosure Group LLC

Cynosure Group LLC reduced its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 54.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,381 shares of the company’s stock after selling 2,881 shares during the period. Cynosure Group LLC’s holdings in TKO Group were worth $498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TKO. Vontobel Holding Ltd. boosted its stake in TKO Group by 108,668.4% during the 4th quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock valued at $265,062,000 after purchasing an additional 1,267,073 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in TKO Group by 54.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after purchasing an additional 1,128,749 shares in the last quarter. State Street Corp boosted its stake in TKO Group by 20.3% during the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after purchasing an additional 887,401 shares in the last quarter. Norges Bank bought a new position in TKO Group during the 4th quarter valued at $150,602,000. Finally, Alliancebernstein L.P. boosted its stake in TKO Group by 551.8% during the 2nd quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock valued at $90,059,000 after purchasing an additional 419,021 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on TKO shares. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Pivotal Research raised their price objective on TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. TD Cowen raised their price objective on TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Finally, BTIG Research reissued a “buy” rating and set a $237.00 price objective on shares of TKO Group in a research note on Thursday, May 7th. Eleven 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.73.

Insiders Place Their Bets

In other TKO Group news, CEO Ariel Emanuel bought 10,805 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the acquisition, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at approximately $28,625,093.95. This trade represents a 7.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark S. Shapiro bought 10,807 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $185.05 per share, with a total value of $1,999,835.35. Following the acquisition, the insider directly owned 129,207 shares of the company’s stock, valued at approximately $23,909,755.35. This represents a 9.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 28,625 shares worth $5,650,725. Corporate insiders own 64.30% of the company’s stock.

TKO Group Stock Performance

TKO opened at $200.12 on Wednesday. The firm has a market cap of $38.85 billion, a PE ratio of 74.67 and a beta of 0.59. 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 business has a fifty day simple moving average of $193.59 and a 200-day simple moving average of $201.00. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94.

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

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.79 dividend. The ex-dividend date is Monday, June 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s dividend payout ratio is currently 117.91%.

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.