12,000 Shares in TKO Group Holdings, Inc. $TKO Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $2,508,000.

Other large investors have also recently modified their holdings of the company. Congress Asset Management Co. lifted its position in TKO Group by 20.9% during the third quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock valued at $110,084,000 after purchasing an additional 94,100 shares during the last quarter. Moran Wealth Management LLC raised its position in shares of TKO Group by 95.2% during the 3rd quarter. Moran Wealth Management LLC now owns 39,043 shares of the company’s stock valued at $7,885,000 after buying an additional 19,040 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of TKO Group by 558.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 33,342 shares of the company’s stock valued at $6,734,000 after buying an additional 28,277 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of TKO Group during the 3rd quarter worth $2,678,000. Finally, American Century Companies Inc. lifted its holdings in shares of TKO Group by 35.9% during the 3rd quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock worth $146,653,000 after acquiring an additional 191,743 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Insider Activity

In other news, CFO Andrew M. Schleimer sold 11,978 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total transaction of $2,419,316.44. Following the transaction, the chief financial officer directly owned 27,544 shares of the company’s stock, valued at approximately $5,563,337.12. The trade was a 30.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Seth D. Krauss sold 14,016 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $201.22, for a total value of $2,820,299.52. Following the completion of the sale, the insider directly owned 2,271 shares of the company’s stock, valued at $456,970.62. The trade was a 86.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 168,802 shares of company stock valued at $34,480,366. 53.80% of the stock is currently owned by insiders.

TKO Group Stock Up 3.2%

TKO opened at $195.25 on Tuesday. TKO Group Holdings, Inc. has a 12 month low of $133.07 and a 12 month high of $226.94. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $204.66 and its 200-day moving average price is $199.66. The company has a market cap of $37.90 billion, a P/E ratio of 86.78 and a beta of 0.66.

TKO Group (NYSE:TKO) last issued its 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). TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.12 annualized dividend and a yield of 1.6%. TKO Group’s dividend payout ratio is presently 138.67%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a research note on Monday, December 29th. TD Cowen upped their price objective on TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Wall Street Zen lowered TKO Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Susquehanna reissued a “positive” rating and set a $251.00 price objective on shares of TKO Group in a report on Monday, January 19th. Finally, Sanford C. Bernstein upped their target price on TKO Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $232.25.

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.