FORA Capital LLC Invests $1.50 Million in TKO Group Holdings, Inc. $TKO

Key Points

• FORA Capital established a new stake in TKO Group, purchasing 7,444 shares valued at about $1.50 million during the third quarter.
• TKO missed quarterly EPS (−$0.08 vs. $0.12 expected) while revenue rose 11.9% to $1.04 billion; analysts maintain a consensus "Moderate Buy" with a $231.73 price target.
• The company announced a $0.78 quarterly dividend (annualized $3.12, 1.6% yield) despite a high dividend payout ratio of 138.67%, and insiders have sold roughly 169,563 shares (~$34.6 million) in the past 90 days.

FORA Capital LLC purchased a new position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,444 shares of the company's stock, valued at approximately $1,503,000.

Several other institutional investors also recently added to or reduced their stakes in TKO. Amundi raised its position in TKO Group by 338.7% in the first quarter. Amundi now owns 1,360 shares of the company's stock worth $205,000 after acquiring an additional 1,050 shares during the period. AQR Capital Management LLC grew its position in shares of TKO Group by 10.7% during the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company's stock valued at $1,083,000 after acquiring an additional 696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of TKO Group by 4,722.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company's stock worth $1,341,000 after purchasing an additional 8,595 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of TKO Group during the 1st quarter worth approximately $218,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of TKO Group by 127.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company's stock worth $78,000 after purchasing an additional 286 shares during the period. Institutional investors own 89.79% of the company's stock.

TKO Group Stock Down 3.3%

TKO Group stock opened at $194.53 on Friday. The firm has a 50 day simple moving average of $206.59 and a 200 day simple moving average of $199.28. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. TKO Group Holdings, Inc. has a 1-year low of $133.07 and a 1-year high of $226.94. The firm has a market capitalization of $37.76 billion, a price-to-earnings ratio of 86.46 and a beta of 0.66.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.20). The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.02 billion. TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The company's revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. On average, analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.78 dividend. The ex-dividend date is Monday, March 16th. This represents a $3.12 annualized dividend and a yield of 1.6%. TKO Group's dividend payout ratio (DPR) is currently 138.67%.

Insider Buying and Selling

In other news, Director Nick Khan sold 37,425 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $204.01, for a total value of $7,635,074.25. Following the sale, the director directly owned 122,868 shares of the company's stock, valued at approximately $25,066,300.68. This represents a 23.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew M. Schleimer sold 11,978 shares of the business's stock in a transaction that occurred on Thursday, January 22nd. The shares were 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. This represents a 30.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 169,563 shares of company stock worth $34,641,917 in the last 90 days. 61.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TKO shares. Weiss Ratings reissued a "hold (c)" rating on shares of TKO Group in a report on Monday, December 29th. TD Cowen upped their price target on TKO Group from $245.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on TKO Group from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 21st. Morgan Stanley set a $210.00 price objective on TKO Group in a report on Thursday, December 18th. Finally, Susquehanna restated a "positive" rating and issued a $251.00 price objective on shares of TKO Group in a research note on Monday, January 19th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, TKO Group has a consensus rating of "Moderate Buy" and a consensus price target of $231.73.

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.

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