TKO Group Holdings, Inc. $TKO Shares Bought by Bahl & Gaynor LLC

Key Points

• Bahl & Gaynor increased its TKO stake by 36.1% in the third quarter, adding 134,647 shares to hold 508,038 shares valued at about $91.3 million.
• Institutional ownership stands at 89.79%, with several other investment firms also increasing their holdings.
• TKO reported quarterly EPS of $1.33, above the $1.20 consensus, while revenue rose 21.4% year over year but came in below analyst expectations.

Bahl & Gaynor LLC increased its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 36.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 508,038 shares of the company's stock after acquiring an additional 134,647 shares during the quarter. Bahl & Gaynor LLC owned about 0.27% of TKO Group worth $91,305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TKO. Bank of America Corp DE increased its stake in 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 last quarter. Pacer Advisors Inc. boosted its position in shares of TKO Group by 2,440.3% during the 1st quarter. Pacer Advisors Inc. now owns 135,346 shares of the company's stock valued at $27,293,000 after acquiring an additional 130,018 shares during the last quarter. CenterBook Partners LP boosted its position in shares of TKO Group by 235.8% during the 3rd quarter. CenterBook Partners LP now owns 111,589 shares of the company's stock valued at $20,055,000 after acquiring an additional 78,359 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of TKO Group during the 3rd quarter valued at about $11,013,000. Finally, Hawk Ridge Capital Management LP grew its holdings in shares of 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 in the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group News Summary

Here are the key news stories impacting TKO Group this week:

• Positive Sentiment: TKO’s earnings-call recap highlighted UFC growth and a raised outlook, supporting the view that operating momentum is improving. TKO Earnings Call Highlights UFC Growth and Raised Outlook
• Positive Sentiment: Zacks upgraded TKO to Rank #1 (Strong Buy), citing optimism about earnings prospects; this may bolster near-term investor sentiment. TKO Group Upgraded to Strong Buy
• Neutral Sentiment: TKO priced a $1 billion senior secured notes offering. The financing provides capital, but the added debt and secured status could increase interest obligations and financial risk; the articles do not specify how proceeds will be used. TKO Announces Pricing Details For Senior Secured Notes Offering

TKO Group Stock Performance

NYSE:TKO opened at $199.24 on Wednesday. The business has a 50 day moving average of $183.24 and a 200 day moving average of $193.07. The company has a market capitalization of $37.71 billion, a price-to-earnings ratio of 53.70 and a beta of 0.66. TKO Group Holdings, Inc. has a 1-year low of $170.14 and a 1-year 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 results on Wednesday, November 4th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.13. The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.38 billion. TKO Group had a net margin of 5.19% and a return on equity of 3.35%. The business's quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. On average, sell-side analysts predict that TKO Group Holdings, Inc. will post 7.04 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

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

Insider Buying and Selling at TKO Group

In related news, CEO Ariel Emanuel sold 24,702 shares of TKO Group stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total value of $4,801,821.78. Following the transaction, the chief executive officer owned 174,334 shares in the company, valued at $33,888,786.26. This trade represents a 12.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 9,189 shares of the business's stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $175.19, for a total transaction of $1,609,820.91. Following the completion of the sale, the director directly owned 20,162 shares of the company's stock, valued at $3,532,180.78. This represents a 31.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 97,325 shares of company stock worth $18,798,012 over the last 90 days. Company insiders own 64.30% of the company's stock.

Wall Street Analyst Weigh In

TKO has been the topic of a number of recent analyst reports. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research note on Tuesday, August 4th. Arete Research upgraded shares of TKO Group from a "neutral" rating to a "buy" rating and set a $208.00 target price for the company in a research report on Tuesday, October 20th. Citigroup reissued a "market outperform" rating on shares of TKO Group in a research note on Tuesday, October 27th. Morgan Stanley increased their price target on shares of TKO Group from $225.00 to $230.00 and gave the stock an "overweight" rating in a report on Tuesday, August 4th. Finally, Rothschild & Co Redburn raised their price objective on shares of TKO Group from $220.00 to $225.00 in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $229.29.

About TKO Group

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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