Epoch Investment Partners Inc. Sells 53,601 Shares of TKO Group Holdings, Inc. $TKO

Epoch Investment Partners Inc. lowered its position in TKO Group Holdings, Inc. (NYSE:TKO) by 12.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,062 shares of the company’s stock after selling 53,601 shares during the quarter. Epoch Investment Partners Inc.’s holdings in TKO Group were worth $74,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Amundi lifted its holdings in shares of TKO Group by 338.7% in the 1st quarter. Amundi now owns 1,360 shares of the company’s stock worth $205,000 after acquiring an additional 1,050 shares during the last quarter. AQR Capital Management LLC raised its position in TKO Group by 10.7% in the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after purchasing an additional 696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in TKO Group by 4,722.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after purchasing an additional 8,595 shares during the period. United Services Automobile Association bought a new stake in TKO Group in the first quarter worth $218,000. Finally, Geneos Wealth Management Inc. lifted its stake in TKO Group by 127.7% in the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock worth $78,000 after purchasing an additional 286 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TKO. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research reissued a “buy” rating and issued a $237.00 target price on shares of TKO Group in a research note on Thursday, May 7th. Guggenheim dropped their target price on TKO Group from $232.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Roth Capital set a $228.00 price target on TKO Group in a research report on Monday, May 4th. Finally, Citizens Jmp began coverage on TKO Group in a research report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $233.87.

TKO Group Stock Performance

Shares of TKO stock opened at $180.73 on Friday. The stock has a fifty day moving average of $195.78 and a 200 day moving average of $198.36. TKO Group Holdings, Inc. has a 52 week low of $152.29 and a 52 week high of $226.94. The firm has a market capitalization of $35.08 billion, a price-to-earnings ratio of 67.44 and a beta of 0.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the firm earned $0.69 EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, research analysts expect that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.79 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, June 15th. TKO Group’s dividend payout ratio is presently 117.91%.

Insider Activity at TKO Group

In related news, insider Mark S. Shapiro purchased 10,807 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the completion of the purchase, the insider directly owned 129,207 shares in the company, valued at approximately $23,909,755.35. This represents a 9.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock in a transaction on Wednesday, May 13th. The stock was bought 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 directly owned 154,655 shares of the company’s stock, valued at $28,625,093.95. This trade represents a 7.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 28,696 shares worth $5,511,785. 64.30% of the stock is owned by company 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.