4,857 Shares in TKO Group Holdings, Inc. $TKO Purchased by Friedenthal Financial

Friedenthal Financial acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 1st quarter, Holdings Channel reports. The fund acquired 4,857 shares of the company’s stock, valued at approximately $979,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amundi lifted its stake in shares of TKO Group by 338.7% in the first quarter. Amundi now owns 1,360 shares of the company’s stock worth $205,000 after buying an additional 1,050 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of 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 buying an additional 696 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of TKO Group by 4,722.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock valued at $1,341,000 after acquiring an additional 8,595 shares in the last quarter. United Services Automobile Association bought a new stake in shares of TKO Group during the first quarter valued at approximately $218,000. Finally, Geneos Wealth Management Inc. raised its holdings in TKO Group by 127.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock worth $78,000 after acquiring an additional 286 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insider Transactions at TKO Group

In other news, CFO Andrew M. Schleimer bought 2,696 shares of the stock in a transaction on Wednesday, May 13th. The shares were bought 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 in the company, valued at $5,607,705.60. The trade was a 9.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, 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 bought 10,805 shares of the stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the acquisition, the chief executive officer 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. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 24,308 shares of company stock worth $4,499,679 and sold 28,625 shares worth $5,650,725. Company insiders own 64.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup cut TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Pivotal Research boosted their price target on TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. BTIG Research reaffirmed a “buy” rating and set a $237.00 price target on shares of TKO Group in a report on Thursday, May 7th. Weiss Ratings raised TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, TD Cowen lifted their price objective on TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $233.73.

TKO Group Stock Up 0.7%

Shares of TKO Group stock opened at $204.14 on Thursday. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $194.02 and its 200 day moving average is $201.19. The company has a market cap of $39.63 billion, a price-to-earnings ratio of 76.17 and a beta of 0.59.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Research analysts anticipate that TKO Group Holdings, Inc. will post 4.96 EPS for the current year.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.79 dividend. This is an increase from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date is Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.5%. TKO Group’s dividend payout ratio (DPR) is 117.91%.

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.