SG Americas Securities LLC Acquires 44,436 Shares of TKO Group Holdings, Inc. $TKO

SG Americas Securities LLC increased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 416.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,118 shares of the company’s stock after acquiring an additional 44,436 shares during the quarter. SG Americas Securities LLC’s holdings in TKO Group were worth $11,520,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Cromwell Holdings LLC lifted its stake in shares of TKO Group by 1,360.0% during the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after buying an additional 136 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in TKO Group during the 2nd quarter worth $34,000. Aventura Private Wealth LLC acquired a new stake in shares of TKO Group during the fourth quarter worth $35,000. Atlantic Union Bankshares Corp lifted its holdings in shares of TKO Group by 1,680.0% during the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after buying an additional 168 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of TKO Group in the second quarter valued at about $36,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the topic of several research reports. Wall Street Zen lowered shares of TKO Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Pivotal Research boosted their price objective on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. Zacks Research downgraded shares of TKO Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Finally, TD Cowen boosted their price target on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and an average target price of $231.73.

Insider Buying and Selling

In related news, Director Nick Khan sold 9,518 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $220.29, for a total transaction 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 represents a 7.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Shane Kapral sold 254 shares of TKO Group stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $199.15, for a total value of $50,584.10. Following the completion of the transaction, the chief financial officer owned 99 shares in the company, valued at approximately $19,715.85. This represents a 71.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 169,055 shares of company stock worth $34,535,105 in the last ninety days. 61.30% of the stock is owned by insiders.

TKO Group Trading Down 1.8%

TKO opened at $189.14 on Friday. The stock has a market capitalization of $36.72 billion, a price-to-earnings ratio of 84.06 and a beta of 0.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43. TKO Group Holdings, Inc. has a twelve month low of $133.07 and a twelve month high of $226.94. The company has a 50-day simple moving average of $204.83 and a 200 day simple moving average of $199.68.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.20). The firm 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%. TKO Group’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued 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 1.6%. TKO Group’s payout ratio is 138.67%.

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.