TKO Group Holdings, Inc. $TKO Position Cut by Sycale Advisors NY LLC

Sycale Advisors NY LLC trimmed its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 18.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,622 shares of the company’s stock after selling 18,392 shares during the period. TKO Group makes up about 8.1% of Sycale Advisors NY LLC’s holdings, making the stock its 5th largest holding. Sycale Advisors NY LLC’s holdings in TKO Group were worth $16,257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in shares of TKO Group in the 4th quarter valued at $27,000. Cornerstone Planning Group LLC grew its position in TKO Group by 543.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. Torren Management LLC acquired a new position in TKO Group in the 4th quarter valued at about $32,000. CYBER HORNET ETFs LLC purchased a new stake in TKO Group during the second quarter worth about $34,000. Finally, MUFG Securities EMEA plc purchased a new stake in TKO Group during the second quarter worth about $36,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Down 0.1%

Shares of NYSE:TKO opened at $181.57 on Thursday. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The firm’s 50 day moving average price is $196.23 and its 200 day moving average price is $198.67. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The stock has a market cap of $35.25 billion, a price-to-earnings ratio of 67.75 and a beta of 0.60.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 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 analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The firm’s revenue was up 25.9% on a year-over-year basis. As a group, equities research analysts predict that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.79 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.7%. TKO Group’s dividend payout ratio is presently 117.91%.

Insider Activity

In other news, CEO Ariel Emanuel bought 10,805 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the purchase, the chief executive officer owned 154,655 shares in the company, valued at approximately $28,625,093.95. This trade represents a 7.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew M. Schleimer bought 2,696 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost 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 of the company’s stock, valued at $5,607,705.60. The trade was a 9.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have bought 24,308 shares of company stock worth $4,499,679 and have sold 28,696 shares worth $5,511,785. Corporate insiders own 64.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TKO shares. Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Guggenheim cut their target price on shares of TKO Group from $232.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Sanford C. Bernstein reduced their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Citigroup cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, BTIG Research restated a “buy” rating and issued a $237.00 price target on shares of TKO Group in a research note on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.87.

TKO Group Profile

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.