Black Swift Group LLC Sells 10,000 Shares of TKO Group Holdings, Inc. $TKO

Black Swift Group LLC lowered its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 46.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,350 shares of the company’s stock after selling 10,000 shares during the quarter. Black Swift Group LLC’s holdings in TKO Group were worth $2,372,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in TKO Group during the fourth quarter valued at about $27,000. Torren Management LLC bought a new position in TKO Group during the fourth quarter valued at about $32,000. Aventura Private Wealth LLC bought a new position in TKO Group during the fourth quarter valued at about $35,000. Clearstead Advisors LLC grew its position in TKO Group by 234.0% during the fourth quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock valued at $37,000 after buying an additional 124 shares during the period. Finally, Atlantic Union Bankshares Corp grew its position in TKO Group by 1,680.0% during the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after buying an additional 168 shares during the period. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on TKO shares. Citigroup lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research 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 report on Thursday, February 26th. Finally, Roth Mkm set a $228.00 target price on shares of TKO Group in a research report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $233.73.

TKO Group Trading Down 0.1%

Shares of TKO Group stock opened at $205.06 on Monday. TKO Group Holdings, Inc. has a 12-month low of $152.29 and a 12-month high of $226.94. The company has a market cap of $39.81 billion, a price-to-earnings ratio of 76.51 and a beta of 0.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $191.69 and its 200-day moving average price is $199.28.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, equities analysts expect that TKO Group Holdings, Inc. will post 5 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 16th. TKO Group’s dividend payout ratio (DPR) is currently 116.42%.

Insiders Place Their Bets

In related news, CEO Ariel Emanuel bought 10,805 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $185.09 per share, with a total value of $1,999,897.45. Following the completion of the purchase, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at $28,625,093.95. This trade represents a 7.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Nick Khan sold 9,518 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the completion of the sale, the director directly owned 91,100 shares in the company, valued at $16,943,689. This represents a 9.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders bought 24,308 shares of company stock valued at $4,499,679 and sold 29,424 shares valued at $5,944,433. Company insiders own 64.30% of the company’s stock.

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.