Swiss National Bank Cuts Stock Position in TKO Group Holdings, Inc. $TKO

Swiss National Bank decreased its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,700 shares of the company’s stock after selling 5,100 shares during the quarter. Swiss National Bank owned about 0.07% of TKO Group worth $26,759,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in shares of TKO Group during the fourth quarter worth about $27,000. Cornerstone Planning Group LLC raised its position in TKO Group by 543.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after buying an additional 125 shares during the last quarter. Torren Management LLC acquired a new stake in TKO Group during the 4th quarter valued at approximately $32,000. Clearstead Advisors LLC lifted its stake in TKO Group by 234.0% during the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock valued at $37,000 after acquiring an additional 124 shares during the period. Finally, IFC & Insurance Marketing Inc. purchased a new position in shares of TKO Group during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Activity

In related news, CFO Andrew M. Schleimer acquired 2,696 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $185.44 per share, for a total transaction of $499,946.24. Following the acquisition, the chief financial officer directly owned 30,240 shares in the company, valued at approximately $5,607,705.60. The trade was a 9.79% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel acquired 10,805 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $185.09 per share, with a total value of $1,999,897.45. Following the completion of the acquisition, the chief executive officer owned 154,655 shares in the company, valued at approximately $28,625,093.95. The trade was a 7.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 24,308 shares of company stock valued at $4,499,679 and have sold 28,696 shares valued at $5,511,785. Corporate insiders own 64.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TKO. Citizens Jmp started coverage on shares of TKO Group in a research report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a report on Tuesday. Guggenheim lowered their price target on TKO Group from $232.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Sanford C. Bernstein dropped their price objective on TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Finally, Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.87.

TKO Group Price Performance

NYSE:TKO opened at $179.50 on Friday. TKO Group Holdings, Inc. has a 52 week low of $152.29 and a 52 week 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 company has a market capitalization of $34.84 billion, a P/E ratio of 66.98 and a beta of 0.60. The stock’s fifty day moving average is $195.97 and its two-hundred day moving average is $198.48.

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

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued 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 dividend on an annualized basis and a yield of 1.8%. TKO Group’s payout ratio is currently 117.91%.

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.