William Blair Investment Management LLC Sells 21,345 Shares of TKO Group Holdings, Inc. $TKO

William Blair Investment Management LLC lowered its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 39.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,196 shares of the company’s stock after selling 21,345 shares during the quarter. William Blair Investment Management LLC’s holdings in TKO Group were worth $6,704,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Ninety One UK Ltd increased its stake in TKO Group by 2.4% during the third quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company’s stock worth $1,002,530,000 after acquiring an additional 113,996 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of TKO Group by 2.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,057,020 shares of the company’s stock valued at $415,436,000 after purchasing an additional 53,818 shares during the last quarter. Invesco Ltd. increased its position in shares of TKO Group by 26.9% during the 2nd quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock valued at $328,670,000 after purchasing an additional 383,325 shares during the last quarter. Norges Bank purchased a new stake in TKO Group during the 2nd quarter valued at $132,441,000. Finally, American Century Companies Inc. lifted its position in TKO Group by 35.9% in the third quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock worth $146,653,000 after buying an additional 191,743 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TKO. Pivotal Research boosted their price objective 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. TD Cowen reiterated a “buy” rating on shares of TKO Group in a report on Monday, December 8th. Susquehanna restated a “positive” rating and set a $251.00 target price on shares of TKO Group in a research report on Monday, January 19th. UBS Group raised their price target on TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. increased their target price on TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $231.40.

TKO Group Trading Down 2.4%

Shares of NYSE TKO opened at $219.64 on Wednesday. TKO Group Holdings, Inc. has a twelve month low of $133.07 and a twelve month high of $226.94. The firm has a market cap of $42.85 billion, a PE ratio of 97.62 and a beta of 0.66. The business has a fifty day simple moving average of $207.99 and a two-hundred day simple moving average of $198.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43.

TKO Group (NYSE:TKO) last announced its quarterly earnings results 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 firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors 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 is a positive change from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. TKO Group’s dividend payout ratio is currently 138.67%.

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 14,363 shares of TKO Group stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total value of $2,901,038.74. Following the transaction, the insider directly owned 118,400 shares of the company’s stock, valued at approximately $23,914,432. The trade was a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew M. Schleimer sold 11,978 shares of the 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 sale, the chief financial officer owned 27,544 shares of the company’s stock, valued at approximately $5,563,337.12. This represents a 30.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 159,429 shares of company stock valued at $32,409,329 over the last quarter. Insiders own 53.80% of the company’s stock.

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.