Handelsbanken Fonder AB Buys 5,200 Shares of TKO Group Holdings, Inc. $TKO

Handelsbanken Fonder AB increased its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 28.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,237 shares of the company’s stock after purchasing an additional 5,200 shares during the period. Handelsbanken Fonder AB’s holdings in TKO Group were worth $4,857,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Resona Asset Management Co. Ltd. raised its position in shares of TKO Group by 4.0% during the 4th quarter. Resona Asset Management Co. Ltd. now owns 4,079 shares of the company’s stock valued at $859,000 after acquiring an additional 156 shares during the last quarter. ProShare Advisors LLC raised its position in shares of TKO Group by 2.9% during the 4th quarter. ProShare Advisors LLC now owns 13,157 shares of the company’s stock valued at $2,750,000 after acquiring an additional 374 shares during the last quarter. HighTower Advisors LLC raised its position in shares of TKO Group by 1.3% during the 4th quarter. HighTower Advisors LLC now owns 25,775 shares of the company’s stock valued at $5,387,000 after acquiring an additional 330 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of TKO Group by 11.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,381 shares of the company’s stock valued at $2,170,000 after acquiring an additional 1,037 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of TKO Group by 4,300.7% during the 4th quarter. TD Private Client Wealth LLC now owns 6,601 shares of the company’s stock valued at $1,380,000 after acquiring an additional 6,451 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

Shares of NYSE TKO opened at $191.36 on Friday. The firm has a market cap of $37.15 billion, a PE ratio of 71.40 and a beta of 0.57. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94. The company has a fifty day moving average price of $192.13 and a 200 day moving average price of $198.80.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. Research 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. Investors of record on Monday, March 16th were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. TKO Group’s dividend payout ratio is presently 116.42%.

Insider Activity

In other TKO Group news, CEO Ariel Emanuel purchased 10,805 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $185.09 per share, with a total value of $1,999,897.45. Following the transaction, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at $28,625,093.95. This represents a 7.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark S. Shapiro purchased 10,807 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the transaction, 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. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders purchased 24,308 shares of company stock worth $4,499,679 and sold 30,040 shares worth $6,073,793. Corporate insiders own 61.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TKO. Citizens Jmp began coverage on shares of TKO Group in a research report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 target price for the company. BTIG Research reiterated a “buy” rating and set a $237.00 target price on shares of TKO Group in a research report on Thursday, May 7th. Roth Mkm set a $228.00 target price on shares of TKO Group in a research report on Monday, May 4th. Citigroup cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $233.73.

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.