Virtu Financial LLC Lowers Holdings in TKO Group Holdings, Inc. $TKO

Virtu Financial LLC decreased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 81.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,969 shares of the company’s stock after selling 13,082 shares during the quarter. Virtu Financial LLC’s holdings in TKO Group were worth $620,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TKO. State Street Corp grew its holdings in shares of TKO Group by 20.3% during the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after purchasing an additional 887,401 shares during the period. Ninety One UK Ltd raised its holdings in TKO Group by 0.8% in the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after buying an additional 42,156 shares during the period. Massachusetts Financial Services Co. MA lifted its position in TKO Group by 54.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after buying an additional 1,128,749 shares during the last quarter. XN LP lifted its position in TKO Group by 6.3% in the fourth quarter. XN LP now owns 2,866,943 shares of the company’s stock valued at $599,191,000 after buying an additional 169,574 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in TKO Group by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after buying an additional 395,040 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling

In related news, CFO Andrew M. Schleimer acquired 2,696 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $185.44 per share, for a total transaction of $499,946.24. Following the completion of the purchase, the chief financial officer owned 30,240 shares in the company, valued at approximately $5,607,705.60. The trade was a 9.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of TKO Group stock in a transaction on Friday, June 12th. The shares were sold at an average price of $207.56, for a total value of $1,990,292.84. Following the completion of the transaction, the director owned 81,511 shares of the company’s stock, valued at approximately $16,918,423.16. This trade represents a 10.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have acquired 24,308 shares of company stock valued at $4,499,679 and have sold 28,625 shares valued at $5,650,725. Corporate insiders own 64.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TKO shares. Pivotal Research lifted their price target 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. Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Sanford C. Bernstein cut their target price on TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and an average target price of $233.73.

TKO Group Trading Down 0.6%

Shares of TKO stock opened at $197.66 on Tuesday. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The company has a 50 day moving average price of $193.73 and a 200 day moving average price of $201.11. The stock has a market capitalization of $38.37 billion, a P/E ratio of 73.76 and a beta of 0.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34.

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

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.79 per share. 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%. The ex-dividend date of this dividend is Monday, June 15th. 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.