CIBC Asset Management Inc Has $3.18 Million Stock Holdings in TKO Group Holdings, Inc. $TKO

CIBC Asset Management Inc raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 70.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,219 shares of the company’s stock after purchasing an additional 6,295 shares during the quarter. CIBC Asset Management Inc’s holdings in TKO Group were worth $3,181,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in shares of TKO Group in the 4th quarter valued at $27,000. Torren Management LLC bought a new position in shares of TKO Group in the 4th quarter valued at $32,000. Aventura Private Wealth LLC bought a new position in shares of TKO Group in the 4th quarter valued at $35,000. Clearstead Advisors LLC lifted its stake in shares of TKO Group by 234.0% in the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock valued at $37,000 after acquiring an additional 124 shares during the last quarter. Finally, Atlantic Union Bankshares Corp lifted its stake in shares of TKO Group by 1,680.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after acquiring an additional 168 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Nick Khan sold 9,518 shares of TKO Group stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $185.99, for a total value of $1,770,252.82. Following the completion of the transaction, the director directly owned 91,100 shares of the company’s stock, valued at approximately $16,943,689. This trade represents a 9.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew M. Schleimer acquired 2,696 shares of the stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $185.44 per share, with a total value of $499,946.24. Following the completion of the transaction, the chief financial officer owned 30,240 shares in the company, valued at approximately $5,607,705.60. This represents a 9.79% increase in their position. 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. In the last quarter, insiders bought 24,308 shares of company stock valued at $4,499,679. Insiders own 64.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TKO. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. BTIG Research reiterated a “buy” rating and issued a $237.00 price target on shares of TKO Group in a research note on Thursday, May 7th. Citigroup cut TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. TD Cowen increased 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. Finally, Roth Mkm set a $228.00 price target on TKO Group in a research note on Monday, May 4th. Eleven investment 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $233.73.

TKO Group Stock Performance

TKO stock opened at $203.80 on Monday. The stock has a 50-day moving average price of $192.70 and a 200-day moving average price of $200.02. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94. 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 firm has a market cap of $39.56 billion, a PE ratio of 76.04 and a beta of 0.59.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the company posted $0.69 EPS. The business’s quarterly revenue was up 25.9% on a year-over-year basis. As a group, equities research analysts expect that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current year.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.79 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. TKO Group’s dividend payout ratio is 116.42%.

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.