Thrivent Financial for Lutherans Sells 7,009 Shares of TKO Group Holdings, Inc. $TKO

Thrivent Financial for Lutherans cut its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 72.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,658 shares of the company’s stock after selling 7,009 shares during the quarter. Thrivent Financial for Lutherans’ holdings in TKO Group were worth $537,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TKO. Whittier Trust Co. lifted its position in shares of TKO Group by 350.0% in the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock worth $25,000 after acquiring an additional 105 shares during the period. Golden State Wealth Management LLC lifted its position in TKO Group by 840.0% in the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after purchasing an additional 126 shares during the period. Cromwell Holdings LLC lifted its position in TKO Group by 1,360.0% in the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in TKO Group during the second quarter worth $34,000. Finally, Mather Group LLC. bought a new stake in TKO Group in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Andrew M. Schleimer sold 11,978 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total transaction of $2,419,316.44. Following the transaction, the chief financial officer owned 27,544 shares in the company, valued at $5,563,337.12. This represents a 30.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Seth D. Krauss sold 14,016 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $201.22, for a total transaction of $2,820,299.52. Following the sale, the insider directly owned 2,271 shares in the company, valued at approximately $456,970.62. This represents a 86.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 168,224 shares of company stock worth $34,103,832. 53.80% of the stock is owned by company insiders.

TKO Group Stock Performance

NYSE TKO opened at $210.14 on Wednesday. TKO Group Holdings, Inc. has a 1-year low of $133.07 and a 1-year high of $218.11. The company has a 50 day moving average of $206.95 and a 200-day moving average of $195.53. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. The firm has a market cap of $40.99 billion, a price-to-earnings ratio of 80.51 and a beta of 0.65.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, December 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio is presently 119.54%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TKO shares. TD Cowen reiterated a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. BTIG Research raised their price target on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Morgan Stanley set a $210.00 price objective on TKO Group in a report on Thursday, December 18th. Wolfe Research reissued an “outperform” rating and issued a $227.00 target price on shares of TKO Group in a report on Monday, December 15th. Finally, Susquehanna restated a “positive” rating and set a $251.00 target price on shares of TKO Group in a research report on Monday, January 19th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $229.73.

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.