Aristotle Capital Boston LLC Sells 28,033 Shares of TKO Group Holdings, Inc. $TKO

Aristotle Capital Boston LLC cut its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 18.5% in the fourth quarter, HoldingsChannel reports. The fund owned 123,465 shares of the company’s stock after selling 28,033 shares during the period. TKO Group accounts for 1.4% of Aristotle Capital Boston LLC’s holdings, making the stock its 14th largest position. Aristotle Capital Boston LLC’s holdings in TKO Group were worth $25,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Balyasny Asset Management L.P. raised its stake in shares of TKO Group by 9.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 16,379 shares of the company’s stock worth $3,423,000 after buying an additional 1,449 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of TKO Group by 7.9% during the fourth quarter. Guggenheim Capital LLC now owns 7,787 shares of the company’s stock worth $1,627,000 after buying an additional 573 shares during the last quarter. Hawk Ridge Capital Management LP raised its stake in shares of TKO Group by 79.3% during the fourth quarter. Hawk Ridge Capital Management LP now owns 355,037 shares of the company’s stock worth $74,203,000 after buying an additional 157,034 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of TKO Group during the fourth quarter worth approximately $390,000. Finally, AQR Capital Management LLC raised its stake in shares of TKO Group by 37.4% during the fourth quarter. AQR Capital Management LLC now owns 5,973 shares of the company’s stock worth $1,248,000 after buying an additional 1,625 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro bought 10,807 shares of TKO Group stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $185.05 per share, for a total transaction 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. This trade represents a 9.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer bought 2,696 shares of TKO Group stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $185.44 per share, with a total value of $499,946.24. Following the acquisition, the chief financial officer directly owned 30,240 shares of the company’s stock, valued at $5,607,705.60. The trade was a 9.79% increase in their position. The SEC filing for this purchase provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have acquired 24,308 shares of company stock worth $4,499,679 and have sold 28,625 shares worth $5,650,725. 64.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. TD Cowen upped their target price on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, Sanford C. Bernstein lowered their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $233.73.

TKO Group Stock Down 2.6%

TKO Group stock opened at $194.79 on Thursday. The stock has a market capitalization of $37.81 billion, a PE ratio of 72.68 and a beta of 0.59. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month 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 50 day moving average of $193.55 and a 200-day moving average of $201.01.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.01. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. On average, equities research analysts anticipate that TKO Group Holdings, Inc. will post 4.96 EPS for the current fiscal year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.79 per share. The ex-dividend date is Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a yield of 1.6%. TKO Group’s dividend 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.