Bellwether Advisors LLC Makes New $2.77 Million Investment in TKO Group Holdings, Inc. $TKO

Bellwether Advisors LLC bought a new position in TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, HoldingsChannel reports. The fund bought 13,234 shares of the company’s stock, valued at approximately $2,766,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Harbour Investments Inc. increased its holdings in TKO Group by 2,217.5% in the 4th quarter. Harbour Investments Inc. now owns 927 shares of the company’s stock worth $194,000 after purchasing an additional 887 shares in the last quarter. Clearstead Advisors LLC increased its holdings 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. Optimize Financial Inc increased its holdings in TKO Group by 1.4% in the 4th quarter. Optimize Financial Inc now owns 7,748 shares of the company’s stock worth $1,619,000 after purchasing an additional 108 shares in the last quarter. Todd Asset Management LLC acquired a new position in TKO Group in the 4th quarter worth about $26,150,000. Finally, Catalyst Funds Management Pty Ltd acquired a new position in TKO Group in the 4th quarter worth about $543,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Activity at TKO Group

In related news, Director Nick Khan sold 9,518 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the sale, the director owned 91,100 shares in the company, valued at $16,943,689. This represents a 9.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew M. Schleimer bought 2,696 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $185.44 per share, for a total transaction 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 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. Over the last quarter, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 29,424 shares worth $5,944,433. 61.30% of the stock is currently owned by company insiders.

TKO Group Trading Down 1.2%

NYSE TKO opened at $189.19 on Wednesday. The business’s 50-day moving average price is $191.83 and its two-hundred day moving average price is $198.91. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The firm has a market capitalization of $36.73 billion, a PE ratio of 70.59 and a beta of 0.57. 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 results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm 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 company posted $0.69 EPS. The business’s revenue was up 25.9% on a year-over-year basis. On average, analysts expect that TKO Group Holdings, Inc. will post 5 EPS for the current year.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.78 per share. The ex-dividend date was Monday, March 16th. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TKO Group’s dividend payout ratio is presently 116.42%.

Analyst Ratings Changes

A number of equities analysts have issued reports on TKO shares. TD Cowen upped their target price on TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Sanford C. Bernstein reduced their price target on TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Roth Mkm set a $228.00 price target on TKO Group in a research report on Monday, May 4th. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.