TKO Group Holdings, Inc. $TKO Position Lifted by CenterBook Partners LP

CenterBook Partners LP raised its position in TKO Group Holdings, Inc. (NYSE:TKO) by 235.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,589 shares of the company’s stock after purchasing an additional 78,359 shares during the period. TKO Group makes up about 0.9% of CenterBook Partners LP’s investment portfolio, making the stock its 12th biggest holding. CenterBook Partners LP owned about 0.06% of TKO Group worth $20,055,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of TKO Group by 22.5% in the 1st quarter. Bank of America Corp DE now owns 1,393,727 shares of the company’s stock valued at $281,045,000 after buying an additional 256,305 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in TKO Group by 1.3% during the second quarter. Annex Advisory Services LLC now owns 418,586 shares of the company’s stock worth $84,266,000 after acquiring an additional 5,483 shares in the last quarter. Hawk Ridge Capital Management LP lifted its holdings in TKO Group by 16.5% during the first quarter. Hawk Ridge Capital Management LP now owns 413,641 shares of the company’s stock worth $83,411,000 after acquiring an additional 58,604 shares in the last quarter. Cat Rock Capital Management LP grew its stake in TKO Group by 10.7% in the second quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company’s stock valued at $68,287,000 after acquiring an additional 32,700 shares during the period. Finally, Braun Stacey Associates Inc. grew its stake in TKO Group by 7.7% in the second quarter. Braun Stacey Associates Inc. now owns 138,509 shares of the company’s stock valued at $27,883,000 after acquiring an additional 9,924 shares during the period. Institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of TKO Group in a research note on Monday. Robert W. Baird dropped their target price on shares of TKO Group from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Tuesday, August 18th. Sanford C. Bernstein lifted their price target on shares of TKO Group from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Finally, Arete Research upgraded shares of TKO Group from a “neutral” rating to a “buy” rating and set a $208.00 price target for the company in a report on Tuesday, October 20th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $229.29.

Key Stories Impacting TKO Group

Here are the key news stories impacting TKO Group this week:

• Positive Sentiment: TKO reported third-quarter adjusted earnings of $1.33 per share, above the $1.20 consensus estimate, while revenue rose 21.4% year over year. The company also increased its projections, supporting the growth outlook. TKO reports over $1.3 billion in Q3 revenue
• Positive Sentiment: Management is discussing ways to expand distribution beyond Paramount+, with HBO mentioned as a possible outlet for UFC content. Additional platforms could broaden audience reach and create new media revenue opportunities, though no deal was announced. TKO discusses expanding distribution
• Positive Sentiment: Susquehanna lowered its price target slightly, from $224 to $223, but retained a positive rating, signaling continued analyst confidence in potential upside. Susquehanna price-target update
• Neutral Sentiment: TKO says WWE and UFC events in the Middle East, including WWE’s Saudi Arabia event, remain planned despite the Iran war. The events could support revenue if they proceed, but regional uncertainty creates execution risk. TKO executive on WWE Crown Jewel in Saudi Arabia
• Negative Sentiment: Third-quarter revenue of $1.36 billion fell short of the $1.38 billion analyst estimate, and reports noted a dip in WWE revenue. These results temper the strong earnings-per-share and year-over-year growth figures. TKO Q3 results and WWE revenue
• Negative Sentiment: TKO priced a $1 billion offering of 6.5% senior secured notes due 2031. The financing provides capital but adds debt and interest costs. TKO announces senior secured notes offering

TKO Group Stock Up 0.6%

Shares of TKO Group stock traded up $1.06 during trading on Friday, reaching $190.20. The stock had a trading volume of 1,670,246 shares, compared to its average volume of 920,042. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $36.00 billion, a price-to-earnings ratio of 51.27 and a beta of 0.66. The stock has a fifty day moving average price of $182.63 and a two-hundred day moving average price of $193.10. TKO Group Holdings, Inc. has a 52 week low of $170.14 and a 52 week high of $226.94.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%. TKO Group’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. Sell-side analysts predict that TKO Group Holdings, Inc. will post 4.51 EPS for the current fiscal year.

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.79 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. TKO Group’s dividend payout ratio (DPR) is 85.18%.

Insider Buying and Selling at TKO Group

In related news, CEO Ariel Emanuel sold 24,702 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the completion of the transaction, the chief executive officer owned 174,334 shares in the company, valued at approximately $33,888,786.26. This represents a 12.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark Shapiro sold 19,120 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $3,716,736.80. Following the completion of the transaction, the insider directly owned 147,071 shares of the company’s stock, valued at approximately $28,589,131.69. This trade represents a 11.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 97,325 shares of company stock worth $18,798,012. Company insiders own 64.30% of the company’s stock.

About TKO Group

TKO Group Holdings, Inc is a global sports and entertainment company whose principal properties are UFC, the mixed martial arts organization, and WWE, the professional wrestling and sports entertainment company. TKO was formed in 2023 when Endeavor combined UFC and WWE under a single publicly traded company.

The company generates business through live events and ticket sales, media and streaming rights, sponsorships, licensing, and consumer products. UFC and WWE produce programming and events for audiences worldwide, alongside related digital content and merchandise.

TKO serves markets around the world through its events, broadcast and streaming partnerships, and commercial activities.