SG Americas Securities LLC Decreases Stock Position in TKO Group Holdings, Inc. $TKO

SG Americas Securities LLC lowered its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 33.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,682 shares of the company’s stock after selling 5,479 shares during the period. SG Americas Securities LLC’s holdings in TKO Group were worth $2,157,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Somerset Trust Co raised its position in shares of TKO Group by 2.5% in the third quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock worth $435,000 after buying an additional 53 shares in the last quarter. CWM LLC boosted its stake in TKO Group by 7.3% in the third quarter. CWM LLC now owns 796 shares of the company’s stock worth $161,000 after buying an additional 54 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in shares of TKO Group by 0.9% during the 3rd quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company’s stock valued at $1,485,000 after purchasing an additional 62 shares during the last quarter. Howe & Rusling Inc. boosted its position in TKO Group by 4.7% during the second quarter. Howe & Rusling Inc. now owns 1,603 shares of the company’s stock valued at $292,000 after buying an additional 72 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of TKO Group by 14.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 582 shares of the company’s stock valued at $106,000 after acquiring an additional 72 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Shane Kapral sold 749 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $198.83, for a total value of $148,923.67. Following the completion of the transaction, the chief financial officer owned 3,131 shares of the company’s stock, valued at $622,536.73. This represents a 19.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Andrew M. Schleimer sold 5,739 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $204.08, for a total value of $1,171,215.12. Following the completion of the transaction, the chief financial officer owned 16,239 shares of the company’s stock, valued at $3,314,055.12. The trade was a 26.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 114,409 shares of company stock worth $23,111,434 in the last three months. 61.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TKO shares. Zacks Research downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley set a $210.00 target price on TKO Group in a research report on Thursday, December 18th. Pivotal Research increased their price objective on TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wolfe Research reaffirmed an “outperform” rating and set a $227.00 target price on shares of TKO Group in a research note on Monday, December 15th. Finally, BTIG Research raised their price objective on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $226.00.

TKO Group Price Performance

NYSE TKO opened at $208.12 on Thursday. The stock has a market capitalization of $40.60 billion, a price-to-earnings ratio of 79.74 and a beta of 0.62. TKO Group Holdings, Inc. has a 1-year low of $133.07 and a 1-year high of $218.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. The business’s fifty day moving average price is $199.02 and its 200-day moving average price is $189.76.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The firm’s quarterly revenue was down 27.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. On average, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a dividend of $0.78 per share. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TKO Group’s dividend payout ratio is presently 119.54%.

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.