Andrew Schleimer Sells 11,978 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew Schleimer sold 11,978 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total value of $2,419,316.44. Following the transaction, the chief financial officer directly owned 27,544 shares in the company, valued at approximately $5,563,337.12. The trade was a 30.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

TKO Group Stock Performance

Shares of TKO Group stock traded down $4.07 during trading on Thursday, hitting $200.35. 969,942 shares of the company’s stock traded hands, compared to its average volume of 783,191. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $218.11. The business has a 50-day simple moving average of $201.78 and a 200-day simple moving average of $190.77. The stock has a market capitalization of $39.08 billion, a P/E ratio of 76.76 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.11). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. TKO Group’s revenue was down 27.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS. As a group, analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, December 15th. TKO Group’s payout ratio is currently 119.54%.

Analyst Ratings Changes

TKO has been the subject of a number of research reports. BTIG Research boosted 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 Wednesday, December 31st. Zacks Research lowered TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley set a $210.00 target price on TKO Group in a report on Thursday, December 18th. Arete Research upgraded TKO Group to a “hold” rating in a research note on Wednesday, October 15th. Finally, Seaport Research Partners raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $227.73.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Amundi lifted its position in shares of TKO Group by 338.7% during the 1st quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after buying an additional 1,050 shares in the last quarter. AQR Capital Management LLC lifted its holdings in TKO Group by 10.7% during the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock valued at $1,083,000 after purchasing an additional 696 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of TKO Group by 4,722.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after purchasing an additional 8,595 shares during the period. United Services Automobile Association purchased a new stake in shares of TKO Group in the first quarter worth $218,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of TKO Group by 127.7% in the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock worth $78,000 after purchasing an additional 286 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

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.