Massachusetts Financial Services Co. MA Has $415.44 Million Stake in TKO Group Holdings, Inc. $TKO

Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 2.7% during the third quarter, HoldingsChannel reports. The firm owned 2,057,020 shares of the company’s stock after acquiring an additional 53,818 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in TKO Group were worth $415,436,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TKO. Norges Bank acquired a new position in shares of TKO Group in the 2nd quarter valued at approximately $132,441,000. Ninety One UK Ltd boosted its holdings in shares of TKO Group by 14.4% in the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock valued at $882,459,000 after buying an additional 611,233 shares during the period. Congress Asset Management Co. acquired a new position in shares of TKO Group in the second quarter valued at approximately $82,056,000. Alliancebernstein L.P. increased its position in shares of TKO Group by 551.8% during the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock worth $90,059,000 after acquiring an additional 419,021 shares in the last quarter. Finally, Invesco Ltd. raised its holdings 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 acquiring an additional 383,325 shares during the period. Institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

NYSE:TKO opened at $203.76 on Monday. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $218.11. The company has a market cap of $39.75 billion, a P/E ratio of 78.07 and a beta of 0.62. 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’s 50-day simple moving average is $200.01 and its 200 day simple moving average is $190.23.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.11). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The business’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period last year, the company posted $0.28 earnings per share. As a group, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Susquehanna boosted their price target on TKO Group from $229.00 to $230.00 and gave the company a “positive” rating in a report on Wednesday, December 10th. Cowen reaffirmed a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their price target on TKO Group from $218.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

Insider Activity

In other news, insider Seth D. Krauss sold 5,712 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $200.39, for a total transaction of $1,144,627.68. Following the transaction, the insider directly owned 2,271 shares in the company, valued at $455,085.69. The trade was a 71.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew M. Schleimer sold 5,739 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $204.08, for a total transaction of $1,171,215.12. Following the completion of the sale, the chief financial officer directly owned 16,239 shares in the company, valued at approximately $3,314,055.12. The trade was a 26.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 114,409 shares of company stock valued at $23,111,434. 61.30% of the stock is owned by corporate insiders.

About TKO Group

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.