SG Americas Securities LLC Reduces Position in TKO Group Holdings, Inc. $TKO

SG Americas Securities LLC reduced its position in TKO Group Holdings, Inc. (NYSE:TKO) by 33.9% during the third quarter, HoldingsChannel.com reports. The firm owned 10,682 shares of the company’s stock after selling 5,479 shares during the period. SG Americas Securities LLC’s holdings in TKO Group were worth $2,157,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Whittier Trust Co. grew its position in TKO Group by 350.0% in the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock valued at $25,000 after acquiring an additional 105 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of TKO Group by 840.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after buying an additional 126 shares during the period. Eastern Bank bought a new position in shares of TKO Group during the 2nd quarter worth $34,000. CYBER HORNET ETFs LLC purchased a new position in shares of TKO Group during the second quarter valued at $34,000. Finally, Mather Group LLC. purchased a new stake in shares of TKO Group in the 3rd quarter worth approximately $38,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Down 0.4%

Shares of TKO opened at $208.12 on Thursday. The stock has a 50 day moving average price of $199.02 and a 200 day moving average price of $189.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $40.60 billion, a price-to-earnings ratio of 79.74 and a beta of 0.62. TKO Group Holdings, Inc. has a one year low of $133.07 and a one year 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 the consensus estimate of $0.58 by ($0.11). TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the company earned $0.28 earnings per share. The firm’s quarterly revenue was down 27.3% compared to the same quarter last year. Equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, December 15th. This is a boost from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TKO Group’s payout ratio is presently 119.54%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TKO shares. TD Cowen lifted their price target on TKO Group from $230.00 to $245.00 and gave the company a “buy” rating in a report on Monday, December 8th. JPMorgan Chase & Co. increased their target price on shares of TKO Group from $218.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Sanford C. Bernstein boosted their price objective on shares of TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, UBS Group upped their price objective on shares of TKO Group from $200.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $226.00.

Insider Buying and Selling

In related news, CFO Shane Kapral sold 1,946 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $204.21, for a total transaction of $397,392.66. Following the sale, the chief financial officer directly owned 4,104 shares of the company’s stock, valued at $838,077.84. This represents a 32.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark S. Shapiro sold 32,022 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $204.08, for a total transaction of $6,535,049.76. Following the completion of the sale, the insider directly owned 104,842 shares in the company, valued at approximately $21,396,155.36. This represents a 23.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 114,409 shares of company stock worth $23,111,434 over the last 90 days. 61.30% of the stock is owned by insiders.

TKO Group 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.