Triavera Capital LLC Has $13.25 Million Stake in TKO Group Holdings, Inc. $TKO

Triavera Capital LLC increased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,600 shares of the company’s stock after purchasing an additional 4,700 shares during the quarter. TKO Group makes up 6.4% of Triavera Capital LLC’s holdings, making the stock its 4th largest position. Triavera Capital LLC’s holdings in TKO Group were worth $13,249,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in TKO Group during the second quarter worth about $132,441,000. Alliancebernstein L.P. raised its stake in TKO Group by 551.8% in the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock valued at $90,059,000 after buying an additional 419,021 shares during the period. Invesco Ltd. raised its stake in TKO Group by 26.9% in the second quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock valued at $328,670,000 after buying an additional 383,325 shares during the period. Munro Partners acquired a new stake in shares of TKO Group in the second quarter valued at approximately $65,670,000. Finally, American Century Companies Inc. boosted its stake in shares of TKO Group by 35.9% during the 3rd quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock worth $146,653,000 after acquiring an additional 191,743 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Seth D. Krauss sold 2,271 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total value of $455,812.41. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Shane Kapral sold 616 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $221.91, for a total transaction of $136,696.56. Following the transaction, the chief financial officer directly owned 353 shares in the company, valued at approximately $78,334.23. This represents a 63.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 169,563 shares of company stock valued at $34,642,745. 61.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Sanford C. Bernstein boosted their target price on TKO Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Susquehanna reaffirmed a “positive” rating and set a $251.00 price objective on shares of TKO Group in a research report on Monday, January 19th. Wall Street Zen downgraded shares of TKO Group from a “hold” rating to a “sell” rating in a report on Saturday. TD Cowen reissued a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. Finally, BTIG Research reduced their target price on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $231.40.

TKO Group Price Performance

Shares of NYSE TKO opened at $202.90 on Friday. The firm has a market cap of $39.58 billion, a P/E ratio of 90.18 and a beta of 0.66. The business’s 50 day moving average is $207.55 and its 200-day moving average is $198.68. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. TKO Group Holdings, Inc. has a 1-year low of $133.07 and a 1-year high of $226.94.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TKO Group’s dividend payout ratio (DPR) is currently 138.67%.

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.