Elevation Point Wealth Partners LLC Acquires Shares of 3,057 TKO Group Holdings, Inc. $TKO

Elevation Point Wealth Partners LLC bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,057 shares of the company’s stock, valued at approximately $616,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Elyxium Wealth LLC acquired a new position in shares of TKO Group during the 4th quarter worth about $27,000. Torren Management LLC acquired a new stake in TKO Group in the 4th quarter worth about $32,000. Aventura Private Wealth LLC purchased a new stake in TKO Group during the 4th quarter worth approximately $35,000. Clearstead Advisors LLC raised its holdings in shares of 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 acquiring an additional 124 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. acquired a new position in shares of TKO Group during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Transactions at TKO Group

In other news, CFO Andrew M. Schleimer bought 2,696 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $185.44 per share, with a total value of $499,946.24. Following the transaction, the chief financial officer directly owned 30,240 shares in the company, valued at $5,607,705.60. The trade was a 9.79% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $207.56, for a total transaction of $1,990,292.84. Following the sale, the director directly owned 81,511 shares in the company, valued at $16,918,423.16. This represents a 10.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 24,308 shares of company stock valued at $4,499,679. Corporate insiders own 64.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. TD Cowen raised their price objective on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Citizens Jmp initiated coverage on shares of TKO Group in a report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective for the company. BTIG Research reissued a “buy” rating and issued a $237.00 target price on shares of TKO Group in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $233.73.

TKO Group Trading Up 0.6%

NYSE TKO opened at $193.49 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $37.56 billion, a P/E ratio of 72.20 and a beta of 0.60. The firm’s 50-day moving average is $196.48 and its two-hundred day moving average is $200.96. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The business’s revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. On average, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current year.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.79 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, June 15th. TKO Group’s dividend payout ratio (DPR) is 117.91%.

TKO Group 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.