TKO Group (NYSE:TKO) CFO Andrew Schleimer Acquires 2,696 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew Schleimer bought 2,696 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $185.44 per share, for a total transaction of $499,946.24. Following the acquisition, the chief financial officer directly owned 30,240 shares in the company, valued at approximately $5,607,705.60. This trade represents a 9.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

TKO Group Stock Performance

Shares of TKO opened at $183.71 on Thursday. The company has a market capitalization of $35.66 billion, a PE ratio of 68.55 and a beta of 0.57. TKO Group Holdings, Inc. has a one year low of $152.29 and a one year high of $226.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The company’s fifty day moving average price is $194.42 and its 200 day moving average price is $198.64.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, analysts expect that TKO Group Holdings, Inc. will post 5 earnings per share for the current year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.78 per share. The ex-dividend date was Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.7%. TKO Group’s payout ratio is 116.42%.

Key Headlines Impacting TKO Group

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

• Positive Sentiment: TKO announced a major multi-event deal with the Arizona Sports & Events Alliance that will bring UFC, WWE, and other events to Phoenix, expanding the company’s live-event footprint and creating new commercial opportunities. Article Title
• Positive Sentiment: TKO also disclosed a 7-event Arizona deal across UFC, WWE, and bull riding, reinforcing expectations for more events and broader monetization of its portfolio. Article Title
• Positive Sentiment: CEO Ariel Emanuel and CFO Andrew M. Schleimer both bought shares in the open market, a signal that management may view the stock as undervalued and is aligned with shareholders.
• Positive Sentiment: TKO updated its Rule 10b5-1 share repurchase plan, which can support sentiment by indicating ongoing capital-return activity and confidence in the business. Article Title

Hedge Funds Weigh In On TKO Group

Several institutional investors have recently bought and sold shares of the business. CWM LLC raised its position in TKO Group by 7.3% in the 3rd quarter. CWM LLC now owns 796 shares of the company’s stock valued at $161,000 after purchasing an additional 54 shares during the last quarter. CreativeOne Wealth LLC raised its position in TKO Group by 2.1% in the 4th quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock valued at $541,000 after purchasing an additional 54 shares during the last quarter. Frank Rimerman Advisors LLC raised its position in TKO Group by 3.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock valued at $373,000 after purchasing an additional 56 shares during the last quarter. Stephens Inc. AR raised its position in TKO Group by 2.7% in the 4th quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock valued at $451,000 after purchasing an additional 56 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in TKO Group by 6.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock valued at $192,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. BTIG Research reiterated a “buy” rating and issued a $237.00 target price on shares of TKO Group in a research note on Thursday, May 7th. Pivotal Research increased their target price on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. TD Cowen increased their target price on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. 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 research report on Wednesday, January 21st. Finally, Wolfe Research reiterated a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. 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 target price of $233.73.

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.