Krilogy Financial LLC Purchases 3,263 Shares of TKO Group Holdings, Inc. $TKO

Krilogy Financial LLC boosted its position in TKO Group Holdings, Inc. (NYSE:TKO) by 222.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,728 shares of the company’s stock after buying an additional 3,263 shares during the quarter. Krilogy Financial LLC’s holdings in TKO Group were worth $872,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TKO. Elyxium Wealth LLC bought a new stake in TKO Group during the fourth quarter valued at about $27,000. Torren Management LLC bought a new position in shares of TKO Group in the fourth quarter worth about $32,000. Aventura Private Wealth LLC acquired a new position in shares of TKO Group during the 4th quarter worth about $35,000. Clearstead Advisors LLC boosted its stake in TKO Group by 234.0% during the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock valued at $37,000 after purchasing an additional 124 shares during the period. Finally, IFC & Insurance Marketing Inc. bought a new stake in TKO Group during the 4th quarter valued at approximately $38,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

Shares of TKO stock opened at $215.83 on Friday. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The company has a market capitalization of $41.90 billion, a P/E ratio of 80.54 and a beta of 0.59. The stock has a 50 day moving average of $194.65 and a two-hundred day moving average of $201.31. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.TKO Group’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, equities analysts expect that TKO Group Holdings, Inc. will post 4.96 EPS for the current year.

TKO Group Increases Dividend

The firm also recently disclosed 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. 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%. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s dividend payout ratio is currently 117.91%.

Analysts Set New Price Targets

TKO has been the topic of several recent analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $237.00 price target on shares of TKO Group in a research report on Thursday, May 7th. Citizens Jmp initiated coverage on shares of TKO Group in a research note on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective on the stock. Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Sanford C. Bernstein cut their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Finally, Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $233.73.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro purchased 10,807 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $185.05 per share, with a total value of $1,999,835.35. Following the completion of the transaction, the insider directly owned 129,207 shares of the company’s stock, valued at approximately $23,909,755.35. This trade represents a 9.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $207.56, for a total transaction of $1,990,292.84. Following the transaction, the director owned 81,511 shares of the company’s stock, valued at approximately $16,918,423.16. This represents a 10.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders purchased 24,308 shares of company stock valued at $4,499,679 and sold 28,625 shares valued at $5,650,725. Company insiders own 64.30% 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.