Independent Franchise Partners LLP Sells 2,582,975 Shares of TKO Group Holdings, Inc. $TKO

Independent Franchise Partners LLP trimmed its position in TKO Group Holdings, Inc. (NYSE:TKO) by 82.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 563,116 shares of the company’s stock after selling 2,582,975 shares during the quarter. TKO Group accounts for 0.7% of Independent Franchise Partners LLP’s holdings, making the stock its 25th biggest holding. Independent Franchise Partners LLP owned 0.28% of TKO Group worth $113,727,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC lifted its holdings in shares of TKO Group by 1,360.0% during the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after buying an additional 136 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of TKO Group by 1,680.0% in the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after acquiring an additional 168 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in TKO Group during the second quarter worth about $34,000. Mather Group LLC. bought a new position in TKO Group during the third quarter worth about $38,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake 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 worth $38,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on TKO shares. Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a report on Monday, December 29th. UBS Group raised their target price on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Roth Mkm reiterated a “buy” rating and issued a $240.00 price target on shares of TKO Group in a research report on Thursday, February 12th. Wall Street Zen cut TKO Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, JPMorgan Chase & Co. raised their price objective on TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.73.

TKO Group Trading Down 3.3%

Shares of TKO Group stock opened at $194.53 on Friday. 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 Holdings, Inc. has a 12-month low of $133.07 and a 12-month high of $226.94. The company has a market capitalization of $37.76 billion, a price-to-earnings ratio of 86.46 and a beta of 0.66. The firm’s 50-day moving average price is $206.59 and its two-hundred day moving average price is $199.28.

TKO Group (NYSE:TKO) last issued its 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 during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. TKO Group’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, March 16th. TKO Group’s dividend payout ratio (DPR) is 138.67%.

Insider Activity

In other news, Director Nick Khan sold 37,425 shares of TKO Group stock in a transaction on Monday, January 5th. The stock was sold at an average price of $204.01, for a total value of $7,635,074.25. Following the transaction, the director owned 122,868 shares in the company, valued at approximately $25,066,300.68. This trade represents a 23.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Andrew M. Schleimer sold 11,978 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 $2,419,316.44. Following the completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 169,563 shares of company stock valued at $34,641,917 in the last three months. Company insiders own 61.30% of the company’s stock.

About TKO Group

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.