Massachusetts Financial Services Co. MA Raises Stock Holdings in TKO Group Holdings, Inc. $TKO

Key Points

• Massachusetts Financial Services Co. raised its stake in TKO by 54.9% in Q4 to 3,185,769 shares (about 1.63%) valued at roughly $665.8 million, while institutional investors and hedge funds now own 89.79% of the stock.
• TKO missed Q4 EPS (reported -$0.08 vs. $0.12 expected) but posted revenue of $1.04 billion, up 11.9% year-over-year; the company has a $38.32 billion market cap and a P/E of 87.73.
• TKO paid a quarterly dividend of $0.78 (annualized $3.12, yield 1.6%) with a payout ratio of 138.67%, and insiders sold about 85,475 shares (~$17.4 million) over the past three months.

Massachusetts Financial Services Co. MA increased its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 54.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,185,769 shares of the company's stock after purchasing an additional 1,128,749 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.63% of TKO Group worth $665,826,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Somerset Trust Co boosted its stake in shares of TKO Group by 2.5% during the 3rd quarter. Somerset Trust Co now owns 2,155 shares of the company's stock worth $435,000 after purchasing an additional 53 shares during the last quarter. CWM LLC raised its position in shares of TKO Group by 7.3% in the third quarter. CWM LLC now owns 796 shares of the company's stock valued at $161,000 after buying an additional 54 shares during the last quarter. Frank Rimerman Advisors LLC lifted its stake in shares of TKO Group by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company's stock valued at $373,000 after buying an additional 56 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of TKO Group by 6.3% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the company's stock valued at $192,000 after buying an additional 56 shares during the period. Finally, Simon Quick Advisors LLC boosted its position in TKO Group by 0.9% during the third quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company's stock worth $1,485,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Stock Performance

NYSE:TKO opened at $197.40 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43. The company has a market cap of $38.32 billion, a P/E ratio of 87.73 and a beta of 0.69. TKO Group Holdings, Inc. has a fifty-two week low of $141.44 and a fifty-two week high of $226.94. The firm's 50 day moving average is $204.18 and its two-hundred day moving average is $199.50.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.13% and a return on equity of 2.07%. The firm's quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. Analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

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

Insiders Place Their Bets

In other news, CFO Shane Kapral sold 254 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $199.15, for a total value of $50,584.10. Following the transaction, the chief financial officer directly owned 99 shares in the company, valued at $19,715.85. This trade represents a 71.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Seth D. Krauss sold 2,271 shares of TKO Group stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total value of $455,812.41. The disclosure for this sale is available in the SEC filing. Insiders sold 85,475 shares of company stock worth $17,411,667 over the last three months. 61.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TKO has been the subject of several recent analyst reports. Wall Street Zen cut shares of TKO Group from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. JPMorgan Chase & Co. raised their price objective on TKO Group from $220.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, January 21st. Morgan Stanley set a $210.00 price objective on TKO Group in a research report on Thursday, December 18th. Wolfe Research reiterated a "peer perform" rating on shares of TKO Group in a research note on Thursday, March 5th. Finally, Susquehanna reiterated a "positive" rating and set a $251.00 target price on shares of TKO Group in a research report on Monday, January 19th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.