Swiss Life Asset Management Ltd Grows Stock Holdings in TKO Group Holdings, Inc. $TKO

Swiss Life Asset Management Ltd grew its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 711.4% during the 4th quarter, HoldingsChannel reports. The fund owned 25,810 shares of the company’s stock after buying an additional 22,629 shares during the period. Swiss Life Asset Management Ltd’s holdings in TKO Group were worth $5,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in TKO. Torren Management LLC purchased a new position in shares of TKO Group in the fourth quarter valued at $32,000. CYBER HORNET ETFs LLC purchased a new stake in TKO Group during the 2nd quarter worth about $34,000. Aventura Private Wealth LLC purchased a new stake in TKO Group during the 4th quarter worth about $35,000. Atlantic Union Bankshares Corp boosted its stake in TKO Group by 1,680.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after purchasing an additional 168 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in TKO Group in the 2nd quarter worth about $36,000. 89.79% of the stock is owned by institutional investors.

TKO Group Stock Performance

NYSE:TKO opened at $183.71 on Thursday. The stock has a market cap of $35.66 billion, a P/E ratio of 68.55 and a beta of 0.57. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $194.42 and its two-hundred day moving average price is $198.64. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.11 by $0.01. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.TKO Group’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. As a group, equities analysts predict that TKO Group Holdings, Inc. will post 5 EPS for the current fiscal year.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 1.7%. The ex-dividend date of this dividend was Monday, March 16th. TKO Group’s payout ratio is currently 116.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BTIG Research reaffirmed a “buy” rating and set a $237.00 price objective on shares of TKO Group in a research note on Thursday, May 7th. Citizens Jmp started coverage on shares of TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 target price on the stock. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Sanford C. Bernstein cut their price target on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $233.73.

Key TKO Group News

Here are the key news stories impacting TKO Group this week:

• Positive Sentiment: CEO Ariel Emanuel bought 10,805 shares, adding to his stake and signaling strong confidence in TKO’s prospects. SEC filing
• Positive Sentiment: Insider Mark S. Shapiro purchased 10,807 shares, another notable insider buy that investors may read as a bullish signal. SEC filing
• Positive Sentiment: CFO Andrew M. Schleimer acquired 2,696 shares, further reinforcing management’s confidence in the stock. SEC filing
• Positive Sentiment: TKO announced a multi-year deal with the Arizona Sports & Events Alliance, expanding its live-event presence and potentially supporting future revenue growth. Article
• Positive Sentiment: The company updated its Rule 10b5-1 share repurchase plan, which may be viewed as a sign of capital return and management confidence. Article
• Neutral Sentiment: Reports about Jake Paul and criticism from Kevin Nash are more publicity-related than clearly financial, so they are less likely to be a major stock driver. Article Article

Insider Transactions at TKO Group

In other news, Director Nick Khan sold 9,518 shares of the firm’s stock in a transaction 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 sale, the director owned 91,100 shares in the company, valued at approximately $16,943,689. This trade represents a 9.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andrew M. Schleimer acquired 2,696 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were bought 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 $5,607,705.60. The trade was a 9.79% increase in their position. 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 ninety days, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 30,656 shares worth $6,201,927. 61.30% 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.