Todd Asset Management LLC Takes $26.15 Million Position in TKO Group Holdings, Inc. $TKO

Todd Asset Management LLC bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 125,120 shares of the company’s stock, valued at approximately $26,150,000.

A number of other large investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC increased its stake in shares of TKO Group by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock worth $373,000 after purchasing an additional 56 shares during the period. Stephens Inc. AR increased its stake in shares of TKO Group by 2.7% during the fourth quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock worth $451,000 after purchasing an additional 56 shares during the period. Sunbelt Securities Inc. increased its stake in shares of TKO Group by 6.3% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock worth $192,000 after purchasing an additional 56 shares during the period. Colonial River Investments LLC increased its stake in shares of TKO Group by 4.5% during the fourth quarter. Colonial River Investments LLC now owns 1,414 shares of the company’s stock worth $296,000 after purchasing an additional 61 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of TKO Group by 48.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the company’s stock worth $39,000 after purchasing an additional 63 shares during the period. Institutional investors own 89.79% of the company’s stock.

Insider Activity

In other TKO Group news, Director Nick Khan sold 9,518 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the transaction, the director owned 91,100 shares in the company, valued at $16,943,689. This trade represents a 9.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew M. Schleimer acquired 2,696 shares of the stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $185.44 per share, for a total transaction of $499,946.24. Following the purchase, the chief financial officer owned 30,240 shares in the company, valued at approximately $5,607,705.60. This trade represents a 9.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 29,424 shares worth $5,944,433. Insiders own 61.30% of the company’s stock.

TKO Group Price Performance

TKO Group stock opened at $191.36 on Monday. The stock’s fifty day moving average price is $192.13 and its two-hundred day moving average price is $198.87. TKO Group Holdings, Inc. has a one year low of $152.29 and a one year high of $226.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $37.15 billion, a PE ratio of 71.40 and a beta of 0.57.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the company earned $0.69 EPS. The company’s revenue was up 25.9% on a year-over-year basis. As a group, research analysts expect that TKO Group Holdings, Inc. will post 5 EPS for the current fiscal year.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, March 16th. TKO Group’s dividend payout ratio (DPR) is 116.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TKO shares. Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Sanford C. Bernstein lowered their target price on TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. BTIG Research reiterated a “buy” rating and set a $237.00 target price on shares of TKO Group in a research note on Thursday, May 7th. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, UBS Group increased their target price on TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Eleven equities research 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 has a consensus rating of “Moderate Buy” and an average price target of $233.73.

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.