TKO Group Holdings, Inc. $TKO Shares Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. increased its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 258.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,993 shares of the company’s stock after purchasing an additional 8,644 shares during the period. Triasima Portfolio Management inc.’s holdings in TKO Group were worth $2,422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of TKO Group by 13.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,231 shares of the company’s stock valued at $838,000 after acquiring an additional 510 shares during the period. Amalgamated Bank raised its position in shares of TKO Group by 1.6% in the third quarter. Amalgamated Bank now owns 14,483 shares of the company’s stock worth $2,925,000 after acquiring an additional 230 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in TKO Group by 2.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,057,020 shares of the company’s stock valued at $415,436,000 after purchasing an additional 53,818 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in TKO Group in the 3rd quarter worth $2,453,000. Finally, Wright Investors Service Inc. raised its position in shares of TKO Group by 71.1% during the 3rd quarter. Wright Investors Service Inc. now owns 6,165 shares of the company’s stock worth $1,245,000 after purchasing an additional 2,561 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Price Performance

NYSE:TKO opened at $205.53 on Tuesday. TKO Group Holdings, Inc. has a 12-month low of $133.07 and a 12-month high of $218.11. The firm has a market cap of $40.09 billion, a price-to-earnings ratio of 78.80 and a beta of 0.62. The company’s 50-day moving average is $200.50 and its two-hundred day moving average is $190.42. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42.

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

TKO Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Susquehanna reissued a “positive” rating and set a $251.00 target price on shares of TKO Group in a research note on Monday. Pivotal Research boosted their price objective on shares of TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, November 6th. TD Cowen boosted their target price on TKO Group from $230.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Finally, Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $227.40.

Insider Activity at TKO Group

In other TKO Group news, Director Nick Khan sold 37,425 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $204.01, for a total transaction of $7,635,074.25. Following the completion of the sale, the director owned 122,868 shares in the company, valued at $25,066,300.68. The trade was a 23.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark S. Shapiro sold 32,022 shares of TKO Group stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $204.08, for a total transaction of $6,535,049.76. Following the completion of the transaction, the insider directly owned 104,842 shares of the company’s stock, valued at $21,396,155.36. This trade represents a 23.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 114,409 shares of company stock worth $23,111,434 over the last 90 days. Company insiders own 53.80% of the company’s stock.

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.