Silvant Capital Management LLC Grows Stake in TKO Group Holdings, Inc. $TKO

Silvant Capital Management LLC grew its position in TKO Group Holdings, Inc. (NYSE:TKO) by 81.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,896 shares of the company’s stock after purchasing an additional 6,689 shares during the quarter. Silvant Capital Management LLC’s holdings in TKO Group were worth $3,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TKO. Vontobel Holding Ltd. grew its holdings in TKO Group by 108,668.4% in the fourth quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock worth $265,062,000 after purchasing an additional 1,267,073 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in TKO Group by 54.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock worth $665,826,000 after purchasing an additional 1,128,749 shares during the last quarter. State Street Corp grew its holdings in TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after purchasing an additional 887,401 shares during the last quarter. Norges Bank purchased a new position in TKO Group in the fourth quarter worth $150,602,000. Finally, Alliancebernstein L.P. lifted its stake in shares of TKO Group by 551.8% during the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock worth $90,059,000 after buying an additional 419,021 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TKO. Citigroup downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Roth Mkm set a $228.00 price objective on shares of TKO Group in a research note on Monday, May 4th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Sanford C. Bernstein lowered their price objective 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. Finally, Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.73.

Insider Buying and Selling at TKO Group

In related news, Director Nick Khan sold 9,518 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the completion of the transaction, the director directly owned 91,100 shares in the company, valued at $16,943,689. The trade was a 9.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew M. Schleimer bought 2,696 shares of the firm’s 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 completion of the transaction, the chief financial officer directly owned 30,240 shares of the company’s stock, valued at $5,607,705.60. This trade represents a 9.79% increase in their ownership of the stock. 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 purchased 24,308 shares of company stock valued at $4,499,679. Company insiders own 64.30% of the company’s stock.

TKO Group Trading Down 1.2%

NYSE:TKO opened at $200.92 on Tuesday. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The firm has a fifty day simple moving average of $193.67 and a 200-day simple moving average of $200.96. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $39.00 billion, a P/E ratio of 74.97 and a beta of 0.59.

TKO Group (NYSE:TKO) last posted its earnings results 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. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. On average, equities research analysts anticipate that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current 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 given a dividend of $0.79 per share. This is a boost from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, June 15th. TKO Group’s payout ratio is presently 116.42%.

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.