CIBC Bancorp USA Inc. Takes $10.11 Million Position in TKO Group Holdings, Inc. $TKO

CIBC Bancorp USA Inc. bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,034 shares of the company’s stock, valued at approximately $10,105,000.

A number of other large investors have also bought and sold shares of TKO. Amundi raised its holdings in shares of TKO Group by 338.7% during the first quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after purchasing an additional 1,050 shares during the period. AQR Capital Management LLC grew its stake in shares of TKO Group by 10.7% in the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock valued at $1,083,000 after buying an additional 696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of TKO Group by 4,722.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock valued at $1,341,000 after buying an additional 8,595 shares during the period. United Services Automobile Association bought a new stake in TKO Group in the 1st quarter valued at about $218,000. Finally, Geneos Wealth Management Inc. increased its position in TKO Group by 127.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after buying an additional 286 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. BTIG Research cut their price target on TKO Group from $250.00 to $237.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Morgan Stanley set a $210.00 price objective on TKO Group in a report on Thursday, December 18th. Susquehanna reaffirmed a “positive” rating and set a $251.00 target price on shares of TKO Group in a research report on Monday, January 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a report on Monday, December 29th. Finally, Roth Mkm reissued a “buy” rating and issued a $240.00 price target on shares of TKO Group in a research report on Thursday, February 12th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $231.73.

TKO Group Price Performance

TKO opened at $188.26 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $36.55 billion, a PE ratio of 83.67 and a beta of 0.66. The stock’s 50 day moving average price is $206.11 and its 200-day moving average price is $199.61. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $226.94.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.20). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. On average, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.7%. TKO Group’s payout ratio is presently 138.67%.

Insider Activity

In other TKO Group news, Director Nick Khan sold 9,518 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $220.29, for a total value of $2,096,720.22. Following the completion of the sale, the director directly owned 110,048 shares in the company, valued at $24,242,473.92. This trade represents a 7.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Seth D. Krauss sold 2,271 shares of TKO Group stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total value of $455,812.41. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 169,309 shares of company stock valued at $34,589,482. Corporate insiders own 61.30% of the company’s stock.

TKO Group Company 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.