Optimize Financial Inc Purchases Shares of 7,640 TKO Group Holdings, Inc. $TKO

Optimize Financial Inc purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 7,640 shares of the company’s stock, valued at approximately $1,543,000. TKO Group makes up 0.8% of Optimize Financial Inc’s investment portfolio, making the stock its 18th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in TKO. Envestnet Asset Management Inc. boosted its stake in TKO Group by 38.0% during the third quarter. Envestnet Asset Management Inc. now owns 179,157 shares of the company’s stock valued at $36,182,000 after buying an additional 49,380 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of TKO Group by 909.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 212 shares of the company’s stock valued at $43,000 after acquiring an additional 191 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in shares of TKO Group by 1,680.0% during the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after purchasing an additional 168 shares in the last quarter. AGF Management Ltd. bought a new position in shares of TKO Group in the third quarter worth approximately $13,195,000. Finally, Strategy Asset Managers LLC bought a new position in shares of TKO Group in the third quarter worth approximately $786,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TKO shares. Wolfe Research reissued an “outperform” rating and issued a $227.00 price target on shares of TKO Group in a research note on Monday, December 15th. Arete Research raised shares of TKO Group to a “hold” rating in a report on Wednesday, October 15th. BTIG Research upped their target price on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. JPMorgan Chase & Co. raised their price target on TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Finally, Morgan Stanley set a $210.00 price objective on TKO Group in a report on Thursday, December 18th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $227.73.

TKO Group Price Performance

TKO stock opened at $203.27 on Wednesday. The firm has a market cap of $39.65 billion, a P/E ratio of 77.88 and a beta of 0.65. The firm’s fifty day moving average is $204.66 and its 200 day moving average is $192.71. TKO Group Holdings, Inc. has a 52 week low of $133.07 and a 52 week high of $218.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the company earned $0.28 earnings per share. The business’s quarterly revenue was down 27.3% on a year-over-year basis. Research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $0.78 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TKO Group’s dividend payout ratio is presently 119.54%.

Insider Activity at TKO Group

In related news, CFO Shane Kapral sold 616 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $202.04, for a total transaction of $124,456.64. Following the transaction, the chief financial officer directly owned 2,817 shares in the company, valued at $569,146.68. This trade represents a 17.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark S. Shapiro sold 14,363 shares of TKO Group stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total value of $2,901,038.74. Following the completion of the transaction, the insider directly owned 118,400 shares in the company, valued at $23,914,432. This trade represents a 10.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 167,862 shares of company stock worth $34,020,148 over the last three months. Corporate insiders own 53.80% 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.