Munich Reinsurance Co Stock Corp in Munich Takes $31.53 Million Position in TKO Group Holdings, Inc. $TKO

Key Points

• Munich Re bought a new position of 156,113 shares in TKO Group valued at about $31.53 million, while institutional investors own roughly 89.8% of the company and insiders have sold about 169,563 shares (~$34.6M) in the last three months.
• TKO missed quarterly earnings with EPS of ($0.08) vs. $0.12 expected, though revenue rose 11.9% to $1.04 billion; the company also announced a quarterly dividend of $0.78 (1.5% yield) despite a high payout ratio of 138.7%.
• Analysts maintain a generally positive view—consensus rating is a "Moderate Buy" with a $231.40 average price target, and several firms have raised targets into the $240–$250 range.

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 156,113 shares of the company's stock, valued at approximately $31,529,000. Munich Reinsurance Co Stock Corp in Munich owned approximately 0.08% of TKO Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TKO. Ninety One UK Ltd grew its holdings in shares of TKO Group by 2.4% during the third quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company's stock worth $1,002,530,000 after buying an additional 113,996 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of TKO Group by 2.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,057,020 shares of the company's stock worth $415,436,000 after buying an additional 53,818 shares in the last quarter. Invesco Ltd. boosted its position in TKO Group by 26.9% during the second quarter. Invesco Ltd. now owns 1,806,377 shares of the company's stock worth $328,670,000 after acquiring an additional 383,325 shares during the last quarter. Norges Bank purchased a new stake in TKO Group during the 2nd quarter valued at about $132,441,000. Finally, American Century Companies Inc. raised its holdings in TKO Group by 35.9% in the 3rd quarter. American Century Companies Inc. now owns 726,149 shares of the company's stock valued at $146,653,000 after acquiring an additional 191,743 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

TKO Group Trading Down 4.2%

TKO opened at $202.90 on Friday. The business's 50 day moving average price is $207.55 and its 200 day moving average price is $198.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $39.58 billion, a PE ratio of 90.18 and a beta of 0.66. TKO Group Holdings, Inc. has a one year low of $133.07 and a one year high of $226.94.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.20). The business had revenue of $1.04 billion during 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%. TKO Group's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS 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 dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, March 16th. TKO Group's dividend payout ratio (DPR) is 138.67%.

Insider Buying and Selling at TKO Group

In other news, insider Seth D. Krauss sold 2,271 shares of the company's stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total value of $455,812.41. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Shane Kapral sold 616 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $221.91, for a total transaction of $136,696.56. Following the transaction, the chief financial officer directly owned 353 shares of the company's stock, valued at $78,334.23. The trade was a 63.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 169,563 shares of company stock worth $34,642,745 over the last three months. Insiders own 61.30% of the company's stock.

Analysts Set New Price Targets

TKO has been the topic of several recent research reports. Roth Mkm restated a "buy" rating and set a $240.00 target price on shares of TKO Group in a report on Thursday, February 12th. JPMorgan Chase & Co. lifted their price objective on TKO Group from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 21st. Sanford C. Bernstein boosted their price objective on TKO Group from $230.00 to $250.00 and gave the stock an "outperform" rating in a research note on Thursday, February 19th. Pivotal Research upped their target price on TKO Group from $235.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of TKO Group in a research note on Monday, December 29th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.40.

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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