Dorsey Wright & Associates Acquires New Holdings in TKO Group Holdings, Inc. $TKO

Dorsey Wright & Associates bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,218 shares of the company’s stock, valued at approximately $1,657,000.

Several other hedge funds also recently bought and sold shares of TKO. Elyxium Wealth LLC bought a new position in TKO Group during the fourth quarter worth about $27,000. Cornerstone Planning Group LLC grew its stake in TKO Group by 543.5% in the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the period. Torren Management LLC bought a new stake in shares of TKO Group in the fourth quarter worth about $32,000. CYBER HORNET ETFs LLC acquired a new stake in shares of TKO Group during the second quarter worth about $34,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of TKO Group during the fourth quarter worth about $35,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TKO Group

In other news, CFO Andrew M. Schleimer bought 2,696 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $185.44 per share, for a total transaction of $499,946.24. Following the completion of the purchase, the chief financial officer owned 30,240 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel acquired 10,805 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $185.09 per share, for a total transaction of $1,999,897.45. Following the transaction, the chief executive officer directly owned 154,655 shares in the company, valued at approximately $28,625,093.95. This trade represents a 7.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 24,308 shares of company stock valued at $4,499,679 and sold 28,696 shares valued at $5,511,785. 64.30% of the stock is currently owned by company insiders.

TKO Group Trading Up 0.2%

Shares of TKO Group stock opened at $185.18 on Friday. The stock has a market cap of $35.95 billion, a P/E ratio of 69.10 and a beta of 0.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. TKO Group Holdings, Inc. has a 12-month low of $152.29 and a 12-month high of $226.94. The business’s 50 day moving average is $196.34 and its 200-day moving average is $199.40.

TKO Group (NYSE:TKO) last released 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 business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the business earned $0.69 earnings per share. The firm’s revenue was up 25.9% on a year-over-year basis. Equities research analysts predict that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.79 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 annualized dividend and a yield of 1.7%. This is an increase from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is currently 117.91%.

Analyst Ratings Changes

TKO has been the topic of a number of research reports. Guggenheim cut their price target on shares of TKO Group from $232.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday. Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citizens Jmp initiated coverage on shares of TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price objective on the stock. Roth Capital set a $228.00 price objective on shares of TKO Group in a research report on Monday, May 4th. Finally, Citigroup cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $234.07.

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.