4,857 Shares in TKO Group Holdings, Inc. $TKO Bought by Friedenthal Financial

Friedenthal Financial purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,857 shares of the company’s stock, valued at approximately $979,000.

Several other institutional investors have also added to or reduced their stakes in TKO. M & L Capital Management Ltd purchased a new stake in TKO Group in the fourth quarter worth $2,978,000. American Century Companies Inc. boosted its holdings in TKO Group by 35.9% in the third 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 in the last quarter. CIBC Bancorp USA Inc. purchased a new position in TKO Group during the 3rd quarter valued at $10,105,000. Perpetual Ltd purchased a new position in TKO Group during the 4th quarter valued at $26,046,000. Finally, Swiss Life Asset Management Ltd raised its holdings in TKO Group by 711.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 25,810 shares of the company’s stock worth $5,394,000 after purchasing an additional 22,629 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro bought 10,807 shares of the stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the acquisition, the insider owned 129,207 shares of the company’s stock, valued at approximately $23,909,755.35. This trade represents a 9.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $207.56, for a total value of $1,990,292.84. Following the completion of the sale, the director directly owned 81,511 shares in the company, valued at approximately $16,918,423.16. This represents a 10.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 24,308 shares of company stock worth $4,499,679 and sold 28,625 shares worth $5,650,725. Corporate insiders own 64.30% of the company’s stock.

Analyst Ratings Changes

TKO has been the subject of several research analyst reports. Sanford C. Bernstein dropped their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Roth Mkm set a $228.00 price objective on shares of TKO Group in a report on Monday, May 4th. Finally, BTIG Research reaffirmed a “buy” rating and set a $237.00 price objective on shares of TKO Group in a research report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.73.

TKO Group Stock Performance

Shares of TKO stock opened at $204.14 on Thursday. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The stock has a market cap of $39.63 billion, a PE ratio of 76.17 and a beta of 0.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company’s fifty day moving average price is $194.02 and its 200-day moving average price is $201.19.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the business earned $0.69 EPS. TKO Group’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, equities analysts expect that TKO Group Holdings, Inc. will post 4.96 EPS for the current fiscal year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.79 per share. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th. TKO Group’s payout ratio is 117.91%.

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.