Vanguard Group Inc. Trims Stake in TKO Group Holdings, Inc. $TKO

Vanguard Group Inc. reduced its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 3.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,458,623 shares of the company’s stock after selling 300,870 shares during the quarter. Vanguard Group Inc.’s holdings in TKO Group were worth $1,558,852,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TKO. Cromwell Holdings LLC grew its stake in TKO Group by 1,360.0% in the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in TKO Group in the 2nd quarter worth about $34,000. Aventura Private Wealth LLC bought a new position in TKO Group in the 4th quarter worth about $35,000. MUFG Securities EMEA plc bought a new position in TKO Group in the 2nd quarter worth about $36,000. Finally, Atlantic Union Bankshares Corp grew its stake in TKO Group by 1,680.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after acquiring an additional 168 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TKO. BTIG Research dropped their target price on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Wall Street Zen downgraded shares of TKO Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research note on Thursday, March 5th. Citigroup downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Roth Mkm reiterated a “buy” rating and set a $240.00 price objective on shares of TKO Group in a research note on Thursday, February 12th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $231.63.

Insider Buying and Selling

In related news, CFO Shane Kapral sold 254 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $199.15, for a total transaction of $50,584.10. Following the completion of the sale, the chief financial officer owned 99 shares of the company’s stock, valued at $19,715.85. This represents a 71.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Nick Khan sold 9,518 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $198.59, for a total transaction of $1,890,179.62. Following the sale, the director directly owned 100,618 shares of the company’s stock, valued at $19,981,728.62. The trade was a 8.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,370 shares of company stock valued at $4,686,440 in the last three months. 61.30% of the stock is currently owned by corporate insiders.

TKO Group Trading Up 1.4%

NYSE:TKO opened at $186.37 on Friday. TKO Group Holdings, Inc. has a 52 week low of $152.29 and a 52 week high of $226.94. The firm has a 50 day moving average of $198.46 and a 200 day moving average of $198.59. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $36.18 billion, a price-to-earnings ratio of 82.83 and a beta of 0.69.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the company earned $0.28 EPS. The company’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a yield of 1.7%. TKO Group’s dividend payout ratio is presently 138.67%.

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.