TKO Group Holdings, Inc. $TKO Shares Bought by Hawk Ridge Capital Management LP

Hawk Ridge Capital Management LP raised its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 16.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 413,641 shares of the company’s stock after buying an additional 58,604 shares during the period. TKO Group comprises about 3.0% of Hawk Ridge Capital Management LP’s holdings, making the stock its 13th largest holding. Hawk Ridge Capital Management LP’s holdings in TKO Group were worth $83,411,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TKO. Elyxium Wealth LLC purchased a new position in TKO Group during the 4th quarter valued at about $27,000. Cornerstone Planning Group LLC grew its position in TKO Group by 543.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. Torren Management LLC purchased a new stake in TKO Group during the fourth quarter worth about $32,000. CYBER HORNET ETFs LLC purchased a new stake in TKO Group during the second quarter worth about $34,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of TKO Group during the second quarter worth about $36,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on TKO. Citizens Jmp started coverage on shares of TKO Group in a research note on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective for the company. Citigroup downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. BTIG Research reiterated a “buy” rating and set a $237.00 target price on shares of TKO Group in a report on Thursday, May 7th. Roth Capital set a $228.00 price target on shares of TKO Group in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. dropped their price target on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $233.87.

TKO Group Price Performance

TKO stock opened at $182.79 on Tuesday. The business’s 50-day moving average is $195.55 and its two-hundred day moving average is $198.18. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $35.48 billion, a P/E ratio of 68.20 and a beta of 0.60. TKO Group Holdings, Inc. has a 1 year low of $152.29 and a 1 year high of $226.94.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates 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 during 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 business’s revenue for the quarter was up 25.9% on a year-over-year basis. Analysts anticipate that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current fiscal year.

TKO Group Increases Dividend

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

Insider Activity

In other news, CEO Ariel Emanuel purchased 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, for a total transaction of $1,999,897.45. Following the acquisition, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at approximately $28,625,093.95. The trade was a 7.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew M. Schleimer acquired 2,696 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $185.44 per share, for a total transaction of $499,946.24. Following the completion of the transaction, the chief financial officer owned 30,240 shares in the company, valued at approximately $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 quarter, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 28,696 shares worth $5,511,785. Corporate insiders own 64.30% of the company’s stock.

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.