TKO Group Holdings, Inc. $TKO Shares Sold by Cynosure Group LLC

Cynosure Group LLC lowered its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 54.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,381 shares of the company’s stock after selling 2,881 shares during the quarter. Cynosure Group LLC’s holdings in TKO Group were worth $498,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. CreativeOne Wealth LLC raised its stake in TKO Group by 2.1% during the fourth quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock valued at $541,000 after buying an additional 54 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in TKO Group by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock valued at $373,000 after buying an additional 56 shares in the last quarter. Stephens Inc. AR raised its position in shares of TKO Group by 2.7% during the 4th quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock worth $451,000 after purchasing an additional 56 shares during the period. Sunbelt Securities Inc. raised its position in shares of TKO Group by 6.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock worth $192,000 after purchasing an additional 56 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of TKO Group by 29.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company’s stock worth $52,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO stock opened at $200.12 on Wednesday. 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 $38.85 billion, a price-to-earnings ratio of 74.67 and a beta of 0.59. The business has a 50 day simple moving average of $193.59 and a 200 day simple moving average of $201.00. 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 issued its quarterly earnings data 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 return on equity of 2.49% and a net margin of 4.47%.The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, equities research analysts anticipate that TKO Group Holdings, Inc. will post 4.96 EPS for the current year.

TKO Group Increases Dividend

The firm also recently disclosed 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 positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. TKO Group’s dividend payout ratio is currently 117.91%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TKO shares. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Pivotal Research increased their price target on TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Roth Mkm set a $228.00 price target on TKO Group in a research report on Monday, May 4th. Finally, UBS Group increased their price target on TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $233.73.

Insiders Place Their Bets

In other TKO Group news, insider Mark S. Shapiro acquired 10,807 shares of the firm’s stock in a transaction that occurred 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 acquisition, the insider directly owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This represents a 9.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer acquired 2,696 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $185.44 per share, with a total value of $499,946.24. Following the completion of the acquisition, the chief financial officer directly owned 30,240 shares in the company, valued at approximately $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 90 days, insiders acquired 24,308 shares of company stock valued at $4,499,679 and sold 28,625 shares valued at $5,650,725. 64.30% of the stock is currently owned by corporate insiders.

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.