Stegent Equity Advisors Inc. Purchases New Shares in TKO Group Holdings, Inc. $TKO

Stegent Equity Advisors Inc. acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, Holdings Channel.com reports. The fund acquired 4,104 shares of the company’s stock, valued at approximately $858,000.

A number of other hedge funds have also bought and sold shares of TKO. Cromwell Holdings LLC raised its stake in shares of TKO Group by 1,360.0% in the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the period. Aventura Private Wealth LLC bought a new stake in shares of TKO Group in the 4th quarter worth about $35,000. Atlantic Union Bankshares Corp boosted its stake in shares of TKO Group by 1,680.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after purchasing an additional 168 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of TKO Group during the 2nd quarter worth about $34,000. Finally, Mather Group LLC. bought a new position in TKO Group during the 3rd quarter valued at about $38,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

TKO Group stock opened at $189.14 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $36.72 billion, a price-to-earnings ratio of 84.06 and a beta of 0.66. The firm has a 50-day moving average of $204.83 and a two-hundred day moving average of $199.71. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $226.94.

TKO Group (NYSE:TKO) last issued its 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 company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business posted $0.28 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. On average, research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The company also recently disclosed 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. This represents a $3.12 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, March 16th. TKO Group’s dividend payout ratio (DPR) is presently 138.67%.

Analyst Upgrades and Downgrades

TKO has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Morgan Stanley set a $210.00 price target on TKO Group in a report on Thursday, December 18th. Wolfe Research reissued a “peer perform” rating on shares of TKO Group in a research note on Thursday, March 5th. Susquehanna restated a “positive” rating and set a $251.00 price objective on shares of TKO Group in a report on Monday, January 19th. Finally, Zacks Research downgraded TKO Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $231.73.

Insider Buying and Selling at TKO Group

In other news, insider Seth D. Krauss sold 2,271 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $200.71, for a total transaction of $455,812.41. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nick Khan sold 9,518 shares of TKO Group stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $220.29, for a total value of $2,096,720.22. Following the completion of the sale, the director owned 110,048 shares of the company’s stock, valued at $24,242,473.92. The trade was a 7.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 168,802 shares of company stock valued at $34,480,366 in the last ninety days. Corporate insiders own 53.80% of the company’s stock.

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.