Keybank National Association OH Raises Holdings in TKO Group Holdings, Inc. $TKO

Keybank National Association OH grew its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 95.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,510 shares of the company’s stock after purchasing an additional 2,693 shares during the period. Keybank National Association OH’s holdings in TKO Group were worth $1,111,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Amundi lifted its holdings in shares of TKO Group by 338.7% during the first quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after purchasing an additional 1,050 shares in the last quarter. AQR Capital Management LLC raised its position in TKO Group by 10.7% in the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after buying an additional 696 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in TKO Group by 4,722.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after buying an additional 8,595 shares during the last quarter. United Services Automobile Association bought a new position in TKO Group during the 1st quarter valued at about $218,000. Finally, Geneos Wealth Management Inc. lifted its stake in TKO Group by 127.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling

In related news, insider Mark S. Shapiro acquired 10,807 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $185.05 per share, with a total value of $1,999,835.35. Following the completion of the purchase, the insider directly owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This represents a 9.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer acquired 2,696 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $185.44 per share, for a total transaction of $499,946.24. Following the completion of the transaction, the chief financial officer owned 30,240 shares in the company, valued at approximately $5,607,705.60. This represents a 9.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders purchased a total of 24,308 shares of company stock valued at $4,499,679 in the last 90 days. 64.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on TKO shares. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. TD Cowen increased their price objective on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Sanford C. Bernstein cut their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $233.73.

TKO Group Price Performance

Shares of NYSE:TKO opened at $193.49 on Wednesday. The firm’s 50 day moving average price is $196.48 and its 200-day moving average price is $200.96. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $37.56 billion, a PE ratio of 72.20 and a beta of 0.60.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (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 company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Equities research analysts expect that TKO Group Holdings, Inc. will post 4.94 EPS for the current year.

TKO Group Increases Dividend

The business also recently disclosed 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 a positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is currently 117.91%.

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.