Tremblant Capital Group Reduces Stock Position in TKO Group Holdings, Inc. $TKO

Tremblant Capital Group decreased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,486 shares of the company’s stock after selling 28,945 shares during the quarter. TKO Group makes up 5.2% of Tremblant Capital Group’s holdings, making the stock its 5th biggest position. Tremblant Capital Group owned about 0.13% of TKO Group worth $50,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in TKO Group during the second quarter worth approximately $132,441,000. Alliancebernstein L.P. grew its position in shares of 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 purchasing an additional 419,021 shares during the last quarter. Invesco Ltd. increased its stake in shares of TKO Group by 26.9% during the second quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock worth $328,670,000 after purchasing an additional 383,325 shares during the period. Munro Partners bought a new position in shares of TKO Group during the second quarter worth approximately $65,670,000. Finally, UBS Group AG lifted its holdings in TKO Group by 31.7% during the 3rd quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock worth $257,326,000 after purchasing an additional 307,000 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TKO shares. Zacks Research cut shares of TKO Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Sanford C. Bernstein raised their price target on shares of TKO Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Wolfe Research reiterated a “peer perform” rating on shares of TKO Group in a research note on Thursday, March 5th. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Finally, Pivotal Research increased their target price on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $231.73.

Insider Activity

In other news, insider Seth D. Krauss sold 14,016 shares of TKO Group stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $201.22, for a total value of $2,820,299.52. Following the transaction, the insider owned 2,271 shares in the company, valued at approximately $456,970.62. This trade represents a 86.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Andrew M. Schleimer sold 11,978 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total value of $2,419,316.44. Following the transaction, the chief financial officer directly owned 27,544 shares of the company’s stock, valued at approximately $5,563,337.12. The trade was a 30.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 169,563 shares of company stock valued at $34,641,917. 61.30% of the stock is owned by insiders.

TKO Group Trading Down 3.3%

TKO opened at $194.53 on Friday. The stock has a market capitalization of $37.76 billion, a price-to-earnings ratio of 86.46 and a beta of 0.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43. TKO Group Holdings, Inc. has a twelve month low of $133.07 and a twelve month high of $226.94. The company has a 50-day simple moving average of $206.59 and a 200 day simple moving average of $199.28.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.20). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. TKO Group’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, March 16th. TKO Group’s dividend payout ratio (DPR) is 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.