3,687 Shares in TKO Group Holdings, Inc. $TKO Purchased by Quantitative Investment Management LLC

Quantitative Investment Management LLC purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,687 shares of the company’s stock, valued at approximately $742,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new position in shares of TKO Group during the 4th quarter worth $27,000. Cornerstone Planning Group LLC boosted its stake in shares of TKO Group by 543.5% in the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Clearstead Advisors LLC grew its stake in shares of TKO Group by 234.0% in the fourth quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock worth $37,000 after acquiring an additional 124 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in TKO Group during the 4th quarter worth about $38,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in TKO Group in the second quarter valued at approximately $34,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TKO. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. lowered their price objective on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Roth Capital reissued a “buy” rating and issued a $230.00 target price on shares of TKO Group in a report on Tuesday, August 4th. Guggenheim lifted their target price on shares of TKO Group from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Benchmark reissued a “hold” rating on shares of TKO Group in a research note on Tuesday, August 4th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $238.08.

TKO Group Trading Down 0.2%

Shares of TKO stock opened at $182.23 on Wednesday. The stock has a market cap of $34.49 billion, a P/E ratio of 63.94 and a beta of 0.62. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58. TKO Group Holdings, Inc. has a fifty-two week low of $176.00 and a fifty-two week high of $226.94. The business has a fifty day simple moving average of $190.40 and a 200-day simple moving average of $195.48.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.07). The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. On average, analysts forecast that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.79 per share. The ex-dividend date was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.7%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s dividend payout ratio (DPR) is 110.88%.

Insider Buying and Selling

In other TKO Group news, Director Nick Khan sold 6,546 shares of TKO Group stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $199.41, for a total value of $1,305,337.86. Following the completion of the sale, the director directly owned 39,340 shares of the company’s stock, valued at approximately $7,844,789.40. The trade was a 14.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel sold 24,702 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $4,801,821.78. Following the transaction, the chief executive officer directly owned 174,334 shares in the company, valued at approximately $33,888,786.26. This represents a 12.41% 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. In the last 90 days, insiders have sold 120,404 shares of company stock worth $23,196,582. 64.30% of the stock is owned by company insiders.

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.