Aberdeen Group plc Buys 418,941 Shares of TKO Group Holdings, Inc. $TKO

Key Points

• Aberdeen Group sharply increased its TKO stake, buying 418,941 shares in the third quarter to hold 421,800 shares, valued at about $75.8 million. Institutional investors and hedge funds own 89.79% of the stock.
• TKO reported quarterly earnings of $1.33 per share, above the $1.20 consensus estimate, while revenue of $1.36 billion fell short of expectations; revenue rose 21.4% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $229.29. TKO also pays a quarterly dividend of $0.79 per share, equivalent to a 1.6% annual yield.

Aberdeen Group plc raised its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 14,653.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 421,800 shares of the company's stock after buying an additional 418,941 shares during the period. Aberdeen Group plc owned approximately 0.22% of TKO Group worth $75,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TKO. Bank of America Corp DE grew its holdings in shares of TKO Group by 22.5% in the 1st quarter. Bank of America Corp DE now owns 1,393,727 shares of the company's stock worth $281,045,000 after acquiring an additional 256,305 shares during the period. Bahl & Gaynor LLC raised its holdings in TKO Group by 36.1% during the third quarter. Bahl & Gaynor LLC now owns 508,038 shares of the company's stock worth $91,305,000 after purchasing an additional 134,647 shares during the last quarter. Annex Advisory Services LLC raised its holdings in TKO Group by 1.3% during the second quarter. Annex Advisory Services LLC now owns 418,586 shares of the company's stock worth $84,266,000 after purchasing an additional 5,483 shares during the last quarter. Hawk Ridge Capital Management LP raised its holdings in TKO Group by 16.5% during the first quarter. Hawk Ridge Capital Management LP now owns 413,641 shares of the company's stock worth $83,411,000 after purchasing an additional 58,604 shares during the last quarter. Finally, Cat Rock Capital Management LP raised its holdings in TKO Group by 10.7% during the second quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company's stock worth $68,287,000 after purchasing an additional 32,700 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Stock Up 0.7%

TKO stock opened at $195.35 on Friday. The company's 50 day simple moving average is $183.79 and its 200-day simple moving average is $192.97. The firm has a market capitalization of $36.97 billion, a PE ratio of 52.66 and a beta of 0.66. TKO Group Holdings, Inc. has a 12 month low of $170.14 and a 12 month high of $226.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.13. TKO Group had a net margin of 5.19% and a return on equity of 3.35%. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the company posted $0.47 EPS. The company's revenue was up 21.4% on a year-over-year basis. Equities analysts expect that TKO Group Holdings, Inc. will post 7.04 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, September 15th. TKO Group's dividend payout ratio is 85.18%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Citigroup reiterated a "market outperform" rating on shares of TKO Group in a research report on Tuesday, October 27th. Weiss Ratings restated a "hold (c+)" rating on shares of TKO Group in a research report on Monday, November 2nd. Zacks Research raised TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 6th. Susquehanna cut their price target on TKO Group from $224.00 to $223.00 and set a "positive" rating for the company in a research note on Thursday, November 5th. Finally, The Goldman Sachs Group decreased their price objective on shares of TKO Group from $220.00 to $215.00 and set a "buy" rating on the stock in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $229.29.

Insider Buying and Selling

In other TKO Group news, CEO Ariel Emanuel sold 24,702 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the completion of the transaction, the chief executive officer owned 174,334 shares of the company's stock, valued at approximately $33,888,786.26. This trade represents a 12.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew Schleimer sold 9,942 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $1,932,625.38. Following the completion of the transaction, the chief financial officer directly owned 38,051 shares of the company's stock, valued at approximately $7,396,733.89. This trade represents a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 87,736 shares of company stock worth $16,907,349 in the last 90 days. Corporate insiders own 64.30% of the company's stock.

TKO Group Company Profile

TKO Group Holdings, Inc. is a global sports and entertainment company whose principal properties are UFC, the mixed martial arts organization, and WWE, the professional wrestling and sports entertainment company. TKO was formed in 2023 when Endeavor combined UFC and WWE under a single publicly traded company. The company generates business through live events and ticket sales, media and streaming rights, sponsorships, licensing, and consumer products. UFC and WWE produce programming and events for audiences worldwide, alongside related digital content and merchandise.

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