TKO Group Holdings, Inc. $TKO Stock: Allspring Global Investments Holdings LLC Decreases Holdings

Key Points

• Allspring Global Investments cut its TKO stake by 75.4% in the third quarter, selling 468,906 shares and retaining 152,774 shares worth about $26.9 million. Other institutional investors increased their positions, and institutions collectively own 89.79% of TKO.
• Analyst sentiment remains broadly positive: 15 analysts rate the stock Buy or Strong Buy, while four rate it Hold. The consensus rating is Moderate Buy, with an average price target of $229.29.
• TKO beat quarterly earnings estimates, reporting EPS of $1.33 versus $1.20 expected, while revenue rose 21.4% year over year to $1.36 billion but came in below forecasts. The company also pays a quarterly dividend of $0.79 per share, equivalent to a 1.6% yield.

Allspring Global Investments Holdings LLC lessened its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 75.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 152,774 shares of the company's stock after selling 468,906 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.08% of TKO Group worth $26,894,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TKO. Bank of America Corp DE grew 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 valued at $281,045,000 after buying an additional 256,305 shares during the last quarter. Annex Advisory Services LLC raised its holdings in TKO Group by 1.3% in the 2nd quarter. Annex Advisory Services LLC now owns 418,586 shares of the company's stock valued at $84,266,000 after acquiring an additional 5,483 shares during the period. Hawk Ridge Capital Management LP lifted its position 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 acquiring an additional 58,604 shares during the last quarter. Cat Rock Capital Management LP lifted its position 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 acquiring an additional 32,700 shares during the last quarter. Finally, Braun Stacey Associates Inc. lifted its position in TKO Group by 7.7% during the second quarter. Braun Stacey Associates Inc. now owns 138,509 shares of the company's stock worth $27,883,000 after acquiring an additional 9,924 shares during the last quarter. Institutional investors own 89.79% of the company's stock.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of research analyst reports. Guggenheim boosted their price objective on TKO Group from $228.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, November 5th. BTIG Research reiterated a "buy" rating and set a $237.00 target price on shares of TKO Group in a research note on Wednesday, October 21st. Weiss Ratings reissued a "hold (c+)" rating on shares of TKO Group in a report on Monday, November 2nd. Citigroup restated a "market outperform" rating on shares of TKO Group in a research note on Tuesday, October 27th. Finally, The Goldman Sachs Group reduced their price target on TKO Group from $220.00 to $215.00 and set a "buy" rating for the company in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, TKO Group currently has a consensus rating of "Moderate Buy" and an average price target of $229.29.

TKO Group Trading Down 2.8%

TKO opened at $193.87 on Friday. TKO Group Holdings, Inc. has a twelve month low of $170.14 and a twelve month high of $226.94. The company has a 50-day simple moving average of $183.67 and a 200 day simple moving average of $192.99. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $36.69 billion, a price-to-earnings ratio of 52.25 and a beta of 0.66.

TKO Group (NYSE:TKO - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.20 by $0.13. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. Analysts predict that TKO Group Holdings, Inc. will post 7.04 EPS for the current fiscal year.

TKO Group Dividend Announcement

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

Insiders Place Their Bets

In other TKO Group news, insider Mark Shapiro sold 19,120 shares of TKO Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $3,716,736.80. Following the transaction, the insider owned 147,071 shares in the company, valued at $28,589,131.69. The trade was a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 dated 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 transaction, the chief financial officer directly owned 38,051 shares of the company's stock, valued at approximately $7,396,733.89. The trade was a 20.72% decrease in their position. 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 87,736 shares of company stock valued at $16,907,349 in the last quarter. Corporate insiders own 64.30% of the company's stock.

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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