TKO Group Holdings, Inc. $TKO Shares Bought by Munro Partners

Munro Partners raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 24.4% in the fourth quarter, Holdings Channel reports. The fund owned 712,256 shares of the company’s stock after buying an additional 139,600 shares during the period. TKO Group accounts for approximately 3.9% of Munro Partners’ investment portfolio, making the stock its 7th largest holding. Munro Partners’ holdings in TKO Group were worth $148,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of TKO. Amundi raised its holdings in TKO Group by 338.7% in the 1st quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after acquiring an additional 1,050 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of TKO Group by 10.7% during the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after buying an additional 696 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of TKO Group by 4,722.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after buying an additional 8,595 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of TKO Group during the 1st quarter worth approximately $218,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of TKO Group by 127.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock worth $78,000 after buying an additional 286 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Stock Down 1.2%

TKO Group stock opened at $200.92 on Tuesday. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50 day moving average price of $193.67 and a 200 day moving average price of $200.96. The company has a market capitalization of $39.00 billion, a PE ratio of 74.97 and a beta of 0.59.

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

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.79 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date is Monday, June 15th. This represents a $3.16 annualized dividend and a yield of 1.6%. TKO Group’s payout ratio is 116.42%.

Insider Activity at TKO Group

In related news, CFO Andrew M. Schleimer bought 2,696 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $185.44 per share, for a total transaction of $499,946.24. Following the acquisition, the chief financial officer owned 30,240 shares of the company’s stock, valued at approximately $5,607,705.60. This trade represents a 9.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, 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 on Wednesday, May 13th. The stock was acquired at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the transaction, the insider directly owned 129,207 shares in the company, valued at $23,909,755.35. This trade represents a 9.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have bought a total of 24,308 shares of company stock worth $4,499,679 over the last quarter. Company insiders own 64.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TKO shares. BTIG Research restated a “buy” rating and set a $237.00 price target on shares of TKO Group in a report on Thursday, May 7th. Citizens Jmp started coverage on shares of TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price target for the company. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. Roth Mkm set a $228.00 price target on shares of TKO Group in a report on Monday, May 4th. Finally, Pivotal 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 report on Thursday, February 26th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average target price of $233.73.

TKO Group Company Profile

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.