TKO Group (NYSE:TKO) CFO Purchases $499,946.24 in Stock

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

TKO Group Stock Up 0.2%

NYSE TKO traded up $0.38 during trading hours on Wednesday, hitting $183.71. 885,614 shares of the company were exchanged, compared to its average volume of 1,210,616. The company has a 50 day moving average of $195.25 and a two-hundred day moving average of $198.66. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. TKO Group Holdings, Inc. has a 52-week low of $152.29 and a 52-week high of $226.94. The firm has a market cap of $35.66 billion, a price-to-earnings ratio of 68.55 and a beta of 0.57.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share 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 for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the business earned $0.69 EPS. TKO Group’s revenue was up 25.9% on a year-over-year basis. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 5 earnings per share 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. The ex-dividend date was Monday, March 16th. This represents a $3.12 annualized dividend and a yield of 1.7%. TKO Group’s dividend payout ratio is 116.42%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TKO. Elyxium Wealth LLC acquired a new stake in TKO Group during the 4th quarter worth approximately $27,000. Cornerstone Planning Group LLC lifted its position in TKO Group by 543.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Torren Management LLC acquired a new stake in TKO Group during the 4th quarter worth approximately $32,000. CYBER HORNET ETFs LLC acquired a new stake in TKO Group during the 2nd quarter worth approximately $34,000. Finally, Aventura Private Wealth LLC acquired a new stake in TKO Group during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TKO shares. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. TD Cowen increased their price objective on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a report on Saturday. Citizens Jmp started coverage on TKO Group in a report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective on the stock. Finally, Wolfe Research reiterated 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 assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.