Cibc World Market Inc. Sells 22,099 Shares of TKO Group Holdings, Inc. $TKO

Cibc World Market Inc. lessened its position in TKO Group Holdings, Inc. (NYSE:TKO) by 44.8% in the 4th quarter, Holdings Channel reports. The firm owned 27,229 shares of the company’s stock after selling 22,099 shares during the period. Cibc World Market Inc.’s holdings in TKO Group were worth $5,691,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Frank Rimerman Advisors LLC increased its stake in TKO Group by 3.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock valued at $373,000 after purchasing an additional 56 shares in the last quarter. Stephens Inc. AR increased its stake in TKO Group by 2.7% in the fourth quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock valued at $451,000 after purchasing an additional 56 shares in the last quarter. Sunbelt Securities Inc. increased its stake in TKO Group by 6.3% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock valued at $192,000 after purchasing an additional 56 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in TKO Group by 29.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company’s stock valued at $52,000 after purchasing an additional 57 shares in the last quarter. Finally, Colonial River Investments LLC increased its stake in TKO Group by 4.5% in the fourth quarter. Colonial River Investments LLC now owns 1,414 shares of the company’s stock valued at $296,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Citizens Jmp began coverage on shares of TKO Group in a research note on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 target price for the company. Roth Mkm set a $228.00 price target on shares of TKO Group in a report on Monday, May 4th. Sanford C. Bernstein reduced their price target on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Finally, UBS Group upped their price target on shares of TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average target price of $233.73.

TKO Group Stock Performance

Shares of TKO opened at $203.80 on Monday. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The firm has a fifty day simple moving average of $192.70 and a 200 day simple moving average of $200.02. The stock has a market capitalization of $39.56 billion, a price-to-earnings ratio of 76.04 and a beta of 0.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57.

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

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.79 per share. The ex-dividend date is Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a yield of 1.6%. TKO Group’s dividend payout ratio is currently 116.42%.

Insider Activity

In other news, insider Mark S. Shapiro purchased 10,807 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the purchase, the insider directly owned 129,207 shares in the company, valued at $23,909,755.35. The trade was a 9.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,518 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the completion of the sale, the director owned 91,100 shares of the company’s stock, valued at approximately $16,943,689. This represents a 9.46% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have bought 24,308 shares of company stock worth $4,499,679. 64.30% of the stock is owned by insiders.

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.