Independent Franchise Partners LLP Has $113.73 Million Stake in TKO Group Holdings, Inc. $TKO

Independent Franchise Partners LLP lowered its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 82.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 563,116 shares of the company’s stock after selling 2,582,975 shares during the quarter. TKO Group makes up approximately 0.7% of Independent Franchise Partners LLP’s investment portfolio, making the stock its 25th largest position. Independent Franchise Partners LLP’s holdings in TKO Group were worth $113,727,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TKO. Cromwell Holdings LLC grew its holdings in shares of TKO Group by 1,360.0% during the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake in TKO Group by 1,680.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after purchasing an additional 168 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in TKO Group in the 2nd quarter valued at approximately $34,000. Mather Group LLC. acquired a new stake in TKO Group in the third quarter valued at approximately $38,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in TKO Group by 57.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 194 shares of the company’s stock valued at $38,000 after buying an additional 71 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Trading Down 3.3%

Shares of NYSE TKO opened at $194.53 on Friday. The firm has a 50 day moving average price of $206.59 and a two-hundred day moving average price of $199.28. The stock has a market cap of $37.76 billion, a P/E ratio of 86.46 and a beta of 0.66. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $226.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $0.28 EPS. TKO Group’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 annualized dividend and a yield of 1.6%. TKO Group’s payout ratio is presently 138.67%.

Insider Buying and Selling

In other news, insider Seth D. Krauss sold 14,016 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $201.22, for a total transaction of $2,820,299.52. Following the completion of the transaction, the insider directly owned 2,271 shares in the company, valued at $456,970.62. This trade represents a 86.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nick Khan sold 37,425 shares of TKO Group stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $204.01, for a total value of $7,635,074.25. Following the completion of the transaction, the director directly owned 122,868 shares in the company, valued at approximately $25,066,300.68. This represents a 23.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 169,563 shares of company stock valued at $34,641,917 over the last 90 days. 61.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. BTIG Research lowered their price target 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. TD Cowen raised their price objective on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TKO Group in a report on Monday, December 29th. Finally, Roth Mkm reiterated a “buy” rating and issued a $240.00 target price on shares of TKO Group in a research report on Thursday, February 12th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.73.

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.