Stegent Equity Advisors Inc. Takes Position in TKO Group Holdings, Inc. $TKO

Stegent Equity Advisors Inc. bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,104 shares of the company’s stock, valued at approximately $858,000.

Several other hedge funds also recently bought and sold shares of TKO. Congress Asset Management Co. boosted its stake in shares of TKO Group by 20.9% in the third quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock worth $110,084,000 after acquiring an additional 94,100 shares during the period. Moran Wealth Management LLC grew its position in shares of TKO Group by 95.2% during the third quarter. Moran Wealth Management LLC now owns 39,043 shares of the company’s stock worth $7,885,000 after purchasing an additional 19,040 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in TKO Group by 558.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 33,342 shares of the company’s stock valued at $6,734,000 after purchasing an additional 28,277 shares during the period. Rakuten Investment Management Inc. bought a new stake in TKO Group during the 3rd quarter valued at approximately $2,678,000. Finally, American Century Companies Inc. lifted its holdings in TKO Group by 35.9% in the 3rd quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock worth $146,653,000 after purchasing an additional 191,743 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Roth Mkm reissued a “buy” rating and issued a $240.00 target price on shares of TKO Group in a report on Thursday, February 12th. Zacks Research cut shares of TKO Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Morgan Stanley set a $210.00 price target on shares of TKO Group in a report on Thursday, December 18th. BTIG Research dropped their price objective on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $231.73.

TKO Group Stock Down 0.0%

NYSE TKO opened at $189.14 on Monday. The stock has a 50 day moving average price of $204.83 and a 200-day moving average price of $199.71. TKO Group Holdings, Inc. has a one year low of $133.07 and a one year 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 company has a market capitalization of $36.72 billion, a P/E ratio of 84.06 and a beta of 0.66.

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

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, March 16th. TKO Group’s dividend payout ratio is currently 138.67%.

Insider Buying and Selling at TKO Group

In other TKO Group news, Director Nick Khan sold 37,425 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $204.01, for a total transaction of $7,635,074.25. Following the sale, the director directly owned 122,868 shares in the company, valued at $25,066,300.68. This represents a 23.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark S. Shapiro sold 32,022 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $204.08, for a total value of $6,535,049.76. Following the completion of the sale, the insider directly owned 104,842 shares of the company’s stock, valued at $21,396,155.36. The trade was a 23.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 168,802 shares of company stock worth $34,480,366 in the last 90 days. 53.80% of the stock is currently owned by insiders.

TKO Group Company 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.