Epoch Investment Partners Inc. Has $74.83 Million Holdings in TKO Group Holdings, Inc. $TKO

Epoch Investment Partners Inc. trimmed its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 12.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 371,062 shares of the company’s stock after selling 53,601 shares during the period. Epoch Investment Partners Inc. owned approximately 0.19% of TKO Group worth $74,825,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TKO. State Street Corp boosted its stake in TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after acquiring an additional 887,401 shares in the last quarter. Ninety One UK Ltd lifted its holdings in TKO Group by 0.8% during the fourth quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock worth $1,046,287,000 after acquiring an additional 42,156 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock worth $665,826,000 after buying an additional 1,128,749 shares during the last quarter. XN LP raised 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 worth $599,191,000 after acquiring an additional 169,574 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in TKO Group by 20.0% in 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 acquiring an additional 395,040 shares during the period. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TKO shares. Sanford C. Bernstein reduced their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Citigroup cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, BTIG Research reissued a “buy” rating and set a $237.00 price objective on shares of TKO Group in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $233.87.

TKO Group Stock Up 0.7%

TKO opened at $180.73 on Friday. The company has a fifty day moving average price of $195.78 and a 200-day moving average price of $198.36. The firm has a market capitalization of $35.08 billion, a P/E ratio of 67.44 and a beta of 0.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. TKO Group Holdings, Inc. has a one year low of $152.29 and a one year high of $226.94.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. Equities research analysts expect that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a dividend yield of 1.7%. TKO Group’s payout ratio is presently 117.91%.

Insider Activity at TKO Group

In other TKO Group news, Director Nick Khan sold 9,589 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $182.63, for a total value of $1,751,239.07. Following the completion of the transaction, the director owned 72,013 shares of the company’s stock, valued at $13,151,734.19. The trade was a 11.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ariel Emanuel purchased 10,805 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the acquisition, the chief executive officer directly owned 154,655 shares in the company, valued at approximately $28,625,093.95. The trade was a 7.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 24,308 shares of company stock valued at $4,499,679 and have sold 28,696 shares valued at $5,511,785. Insiders own 64.30% 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.