New Age Alpha Advisors LLC Sells 3,634 Shares of TKO Group Holdings, Inc. $TKO

New Age Alpha Advisors LLC reduced its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 52.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,324 shares of the company’s stock after selling 3,634 shares during the period. New Age Alpha Advisors LLC’s holdings in TKO Group were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in shares of TKO Group during the fourth quarter valued at $27,000. Torren Management LLC bought a new position in shares of TKO Group during the fourth quarter valued at $32,000. CYBER HORNET ETFs LLC bought a new position in shares of TKO Group during the second quarter valued at $34,000. Aventura Private Wealth LLC bought a new position in shares of TKO Group during the fourth quarter valued at $35,000. Finally, Atlantic Union Bankshares Corp lifted its holdings in shares of TKO Group by 1,680.0% during the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after purchasing an additional 168 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Insider Buying and Selling at TKO Group

In related news, CFO Andrew M. Schleimer purchased 2,696 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $185.44 per share, with a total value of $499,946.24. Following the completion of the acquisition, the chief financial officer owned 30,240 shares of the company’s stock, valued at approximately $5,607,705.60. This trade represents a 9.79% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel purchased 10,805 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $185.09 per share, with a total value of $1,999,897.45. Following the acquisition, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at $28,625,093.95. This trade represents a 7.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 24,308 shares of company stock valued at $4,499,679 and have sold 29,424 shares valued at $5,944,433. Company insiders own 61.30% of the company’s stock.

TKO Group Stock Performance

Shares of TKO opened at $201.13 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. TKO Group Holdings, Inc. has a one year low of $152.29 and a one year high of $226.94. The firm has a market capitalization of $39.04 billion, a P/E ratio of 75.05 and a beta of 0.57. The business has a fifty day moving average of $191.62 and a 200 day moving average of $199.10.

TKO Group (NYSE:TKO) last issued its quarterly earnings data 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 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 quarter in the previous year, the company posted $0.69 earnings per share. TKO Group’s revenue was up 25.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 5 EPS for the current year.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, March 16th. TKO Group’s payout ratio is currently 116.42%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Zacks Research raised TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Pivotal Research lifted their price objective on TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Sanford C. Bernstein cut their price objective on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $233.73.

TKO Group Company 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.