Northwestern Mutual Wealth Management Co. Purchases 11,305 Shares of TKO Group Holdings, Inc. $TKO

Northwestern Mutual Wealth Management Co. lifted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 5,888.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,497 shares of the company’s stock after purchasing an additional 11,305 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in TKO Group were worth $2,438,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TKO. PAX Financial Group LLC acquired a new position in TKO Group during the 4th quarter worth approximately $443,000. Pinnacle Associates Ltd. raised its holdings in shares of TKO Group by 3.6% in the fourth quarter. Pinnacle Associates Ltd. now owns 50,401 shares of the company’s stock valued at $10,534,000 after purchasing an additional 1,744 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in shares of TKO Group by 56.2% in the fourth quarter. Atlantic Union Bankshares Corp now owns 278 shares of the company’s stock valued at $58,000 after purchasing an additional 100 shares during the last quarter. World Investment Advisors lifted its position in shares of TKO Group by 67.7% in the fourth quarter. World Investment Advisors now owns 1,719 shares of the company’s stock worth $359,000 after purchasing an additional 694 shares in the last quarter. Finally, ABC Arbitrage SA bought a new stake in shares of TKO Group in the fourth quarter worth $284,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Price Performance

NYSE:TKO opened at $189.19 on Wednesday. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $191.83 and a 200 day simple moving average of $198.91. The stock has a market capitalization of $36.73 billion, a PE ratio of 70.59 and a beta of 0.57.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating 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 business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the business earned $0.69 earnings per share. The firm’s revenue was up 25.9% on a year-over-year basis. On average, research analysts expect that TKO Group Holdings, Inc. will post 5 EPS for the current fiscal year.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is currently 116.42%.

Insiders Place Their Bets

In other news, insider Mark S. Shapiro bought 10,807 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the completion of the purchase, the insider owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This represents a 9.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel bought 10,805 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $185.09 per share, with a total value of $1,999,897.45. Following the completion of the purchase, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at $28,625,093.95. This represents a 7.51% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 24,308 shares of company stock valued at $4,499,679 and sold 29,424 shares valued at $5,944,433. Corporate insiders own 61.30% of the company’s stock.

Analyst Ratings Changes

TKO has been the subject of several recent research reports. Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Citizens Jmp initiated coverage on shares of TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 target price for the company. Citigroup cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Sanford C. Bernstein reduced their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and an average price target of $233.73.

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.