New Age Alpha Advisors LLC Lowers Position in TKO Group Holdings, Inc. $TKO

New Age Alpha Advisors LLC lessened its position in TKO Group Holdings, Inc. (NYSE:TKO) by 52.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,324 shares of the company’s stock after selling 3,634 shares during the quarter. New Age Alpha Advisors LLC’s holdings in TKO Group were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after purchasing an additional 887,401 shares during the period. Ninety One UK Ltd lifted its stake in shares of TKO Group by 0.8% in the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after purchasing an additional 42,156 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of TKO Group by 54.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after purchasing an additional 1,128,749 shares during the period. UBS Group AG lifted its stake in shares of TKO Group by 31.7% in the 3rd quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock valued at $257,326,000 after purchasing an additional 307,000 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of TKO Group by 35.9% in the 3rd quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock valued at $146,653,000 after purchasing an additional 191,743 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TKO shares. Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Mkm set a $228.00 target price on TKO Group in a research note on Monday, May 4th. Pivotal Research raised their target price on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. TD Cowen raised their target price on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, Citizens Jmp started coverage on TKO Group in a research note on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus target price of $233.73.

TKO Group Trading Up 7.2%

TKO Group stock opened at $201.13 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $191.62 and its two-hundred day simple moving average is $199.10. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The company has a market capitalization of $39.04 billion, a price-to-earnings ratio of 75.05 and a beta of 0.57.

TKO Group (NYSE:TKO) last released its 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 return on equity of 2.49% and a net margin of 4.47%.The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, equities analysts predict that TKO Group Holdings, Inc. will post 5 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, March 16th. TKO Group’s payout ratio is 116.42%.

Insiders Place Their Bets

In related news, insider Mark S. Shapiro bought 10,807 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the completion of the acquisition, the insider owned 129,207 shares of the company’s stock, valued at $23,909,755.35. The trade was a 9.13% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel bought 10,805 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the acquisition, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at approximately $28,625,093.95. This represents a 7.51% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 24,308 shares of company stock valued at $4,499,679 and sold 29,424 shares valued at $5,944,433. 61.30% of the stock is owned by insiders.

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.