Generate Investment Management Ltd Invests $6.29 Million in TKO Group Holdings, Inc. $TKO

Generate Investment Management Ltd purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 31,169 shares of the company’s stock, valued at approximately $6,285,000.

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

Analysts Set New Price Targets

TKO has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Pivotal Research increased their target price on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. Citizens Jmp started coverage on TKO Group in a research note on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price target for the company. Finally, TD Cowen upped their price target on TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and an average price target of $233.73.

Insider Activity

In other news, CFO Andrew M. Schleimer purchased 2,696 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $185.44 per share, with a total value of $499,946.24. Following the transaction, the chief financial officer owned 30,240 shares in the company, valued at $5,607,705.60. This represents a 9.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark S. Shapiro purchased 10,807 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the purchase, the insider owned 129,207 shares in the company, valued at approximately $23,909,755.35. The trade was a 9.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders bought 24,308 shares of company stock worth $4,499,679 and sold 28,625 shares worth $5,650,725. 64.30% of the stock is currently owned by company insiders.

TKO Group Trading Down 0.6%

TKO opened at $197.66 on Tuesday. The firm has a market capitalization of $38.37 billion, a price-to-earnings ratio of 73.76 and a beta of 0.59. The company’s 50 day simple moving average is $193.73 and its two-hundred day simple moving average is $201.11. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. Analysts expect that TKO Group Holdings, Inc. will post 4.96 EPS for the current fiscal 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 issued a dividend of $0.79 per share. The ex-dividend date is Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio 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.