Lindsell Train Ltd Lowers Holdings in TKO Group Holdings, Inc. $TKO

Lindsell Train Ltd lowered its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 13.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,449,468 shares of the company’s stock after selling 370,736 shares during the quarter. TKO Group makes up approximately 15.7% of Lindsell Train Ltd’s holdings, making the stock its biggest holding. Lindsell Train Ltd’s holdings in TKO Group were worth $493,935,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC boosted its position in TKO Group by 16.4% in the first quarter. Inspire Investing LLC now owns 12,324 shares of the company’s stock valued at $2,485,000 after buying an additional 1,738 shares in the last quarter. Patton Fund Management Inc. grew its stake in TKO Group by 8.9% during the first quarter. Patton Fund Management Inc. now owns 1,219 shares of the company’s stock worth $246,000 after buying an additional 100 shares during the last quarter. MRA Advisory Group increased its holdings in shares of TKO Group by 7.2% during the first quarter. MRA Advisory Group now owns 2,678 shares of the company’s stock worth $540,000 after buying an additional 180 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of TKO Group by 3.7% during the first quarter. Pictet Asset Management Holding SA now owns 13,201 shares of the company’s stock worth $2,662,000 after buying an additional 471 shares in the last quarter. Finally, Braun Stacey Associates Inc. increased its holdings in shares of TKO Group by 1.3% during the first quarter. Braun Stacey Associates Inc. now owns 128,585 shares of the company’s stock worth $25,929,000 after buying an additional 1,593 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

TKO Group Price Performance

Shares of TKO stock opened at $202.60 on Thursday. TKO Group Holdings, Inc. has a 1 year low of $152.29 and a 1 year high of $226.94. The firm’s 50 day moving average is $195.86 and its 200-day moving average is $201.42. The firm has a market capitalization of $39.33 billion, a price-to-earnings ratio of 75.60 and a beta of 0.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. TKO Group’s revenue was up 25.9% compared to the same quarter last year. Sell-side analysts forecast that TKO Group Holdings, Inc. will post 4.94 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.79 dividend. This is an increase from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. TKO Group’s payout ratio is 117.91%.

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro purchased 10,807 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the acquisition, the insider directly owned 129,207 shares in the company, valued at approximately $23,909,755.35. The trade was a 9.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel acquired 10,805 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $185.09 per share, with a total value of $1,999,897.45. Following the completion of the transaction, the chief executive officer owned 154,655 shares of the company’s stock, valued at approximately $28,625,093.95. This trade represents a 7.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 24,308 shares of company stock valued at $4,499,679 and sold 28,625 shares valued at $5,650,725. Company insiders own 64.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TKO. Citizens Jmp initiated coverage on TKO Group in a report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 target price on the stock. BTIG Research reaffirmed a “buy” rating and set a $237.00 price target on shares of TKO Group in a report on Thursday, May 7th. Weiss Ratings raised TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Wolfe Research reiterated a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. Finally, Roth Mkm set a $228.00 price objective on TKO Group in a research note on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $233.73.

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.