TKO Group Holdings, Inc. $TKO Stock Holdings Raised by Sycale Advisors NY LLC

Sycale Advisors NY LLC lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 52.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 99,014 shares of the company’s stock after acquiring an additional 34,155 shares during the period. TKO Group makes up 6.4% of Sycale Advisors NY LLC’s holdings, making the stock its 6th biggest holding. Sycale Advisors NY LLC’s holdings in TKO Group were worth $20,694,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. State Street Corp raised its holdings in shares of TKO Group by 20.3% during the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after buying an additional 887,401 shares during the period. Ninety One UK Ltd raised its holdings in shares of TKO Group by 0.8% during the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after buying an additional 42,156 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of TKO Group by 54.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after buying an additional 1,128,749 shares during the period. Geode Capital Management LLC raised its holdings in shares of TKO Group by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,855,077 shares of the company’s stock valued at $387,072,000 after buying an additional 49,486 shares during the period. Finally, UBS Group AG raised its holdings in shares of TKO Group by 31.7% during the 3rd quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock valued at $257,326,000 after buying an additional 307,000 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TKO Group

In other news, CFO Andrew M. Schleimer purchased 2,696 shares of the stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $185.44 per share, for a total transaction of $499,946.24. Following the acquisition, the chief financial officer owned 30,240 shares of the company’s stock, valued at $5,607,705.60. The trade was a 9.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark S. Shapiro purchased 10,807 shares of the stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $185.05 per share, with a total value 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 position. The SEC filing for this purchase provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have acquired a total of 24,308 shares of company stock valued at $4,499,679 over the last 90 days. Insiders own 64.30% of the company’s stock.

TKO Group Price Performance

TKO stock opened at $203.42 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. TKO Group Holdings, Inc. has a 52-week low of $152.29 and a 52-week high of $226.94. The stock’s 50 day moving average is $193.73 and its two-hundred day moving average is $200.86. The company has a market capitalization of $39.49 billion, a PE ratio of 75.90 and a beta of 0.59.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the business earned $0.69 EPS. TKO Group’s revenue for the quarter was up 25.9% compared to the same quarter last year. Analysts predict that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.79 dividend. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date is Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is presently 116.42%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TKO shares. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wolfe Research reiterated a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. Roth Mkm set a $228.00 target price on TKO Group in a report on Monday, May 4th. Citizens Jmp assumed coverage on TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 target price on the stock. Finally, Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average target price 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.