SteelPeak Wealth LLC Invests $3.02 Million in TKO Group Holdings, Inc. $TKO

SteelPeak Wealth LLC acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,966 shares of the company’s stock, valued at approximately $3,023,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TKO. Somerset Trust Co increased its position in TKO Group by 2.5% in the 3rd quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock worth $435,000 after buying an additional 53 shares during the period. CWM LLC grew its stake in shares of TKO Group by 7.3% in the third quarter. CWM LLC now owns 796 shares of the company’s stock worth $161,000 after acquiring an additional 54 shares during the last quarter. Howe & Rusling Inc. increased its position in TKO Group by 4.7% during the second quarter. Howe & Rusling Inc. now owns 1,603 shares of the company’s stock worth $292,000 after acquiring an additional 72 shares during the period. Geneos Wealth Management Inc. raised its stake in TKO Group by 14.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 582 shares of the company’s stock valued at $106,000 after purchasing an additional 72 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its holdings in TKO Group by 3.0% in the 2nd quarter. CreativeOne Wealth LLC now owns 2,503 shares of the company’s stock valued at $455,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TKO shares. Sanford C. Bernstein boosted their price objective on shares of TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of TKO Group in a research note on Monday. Zacks Research downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Arete Research raised TKO Group to a “hold” rating in a report on Wednesday, October 15th. Finally, Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $226.00.

Insiders Place Their Bets

In related news, CFO Shane Kapral sold 254 shares of TKO Group stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $192.82, for a total transaction of $48,976.28. Following the completion of the transaction, the chief financial officer directly owned 1,774 shares of the company’s stock, valued at $342,062.68. This trade represents a 12.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nick Khan sold 9,519 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $188.26, for a total transaction of $1,792,046.94. Following the sale, the director directly owned 118,504 shares in the company, valued at $22,309,563.04. This represents a 7.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 20,815 shares of company stock valued at $4,003,632. Company insiders own 61.30% of the company’s stock.

TKO Group Stock Down 1.0%

Shares of TKO opened at $206.82 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $196.52 and a two-hundred day moving average price of $188.10. The stock has a market cap of $40.35 billion, a price-to-earnings ratio of 79.24 and a beta of 0.62. TKO Group Holdings, Inc. has a 12 month low of $133.07 and a 12 month high of $218.11.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The company’s quarterly revenue was down 27.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. Equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were paid a dividend of $0.78 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, December 15th. TKO Group’s dividend payout ratio is currently 119.54%.

TKO Group declared that its Board of Directors has approved a stock repurchase program on Monday, September 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

About TKO Group

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.