Krilogy Financial LLC Has $872,000 Position in TKO Group Holdings, Inc. $TKO

Krilogy Financial LLC raised its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 222.7% in the first quarter, Holdings Channel reports. The fund owned 4,728 shares of the company’s stock after acquiring an additional 3,263 shares during the period. Krilogy Financial LLC’s holdings in TKO Group were worth $872,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after purchasing an additional 887,401 shares during the last quarter. Ninety One UK Ltd boosted its position in TKO Group by 0.8% in the fourth quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after buying an additional 42,156 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in TKO Group by 54.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after buying an additional 1,128,749 shares in the last quarter. XN LP grew its stake in TKO Group by 6.3% during the fourth quarter. XN LP now owns 2,866,943 shares of the company’s stock worth $599,191,000 after buying an additional 169,574 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in TKO Group by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after buying an additional 395,040 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Transactions at TKO Group

In other news, Director Nick Khan sold 9,589 shares of the business’s stock in a transaction on 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 completion of the sale, the director owned 81,511 shares in the company, valued at $16,918,423.16. The trade was a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew M. Schleimer purchased 2,696 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $185.44 per share, for a total transaction of $499,946.24. Following the acquisition, the chief financial officer owned 30,240 shares of the company’s stock, valued at $5,607,705.60. The trade was a 9.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 28,625 shares worth $5,650,725. 64.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TKO shares. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Citizens Jmp started coverage on TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price target for the company. Wolfe Research reiterated a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. BTIG Research reissued a “buy” rating and issued a $237.00 price objective on shares of TKO Group in a research note on Thursday, May 7th. Finally, Sanford C. Bernstein decreased their target price on TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $233.73.

TKO Group Price Performance

Shares of TKO stock opened at $215.83 on Friday. TKO Group Holdings, Inc. has a 1 year low of $152.29 and a 1 year high of $226.94. The firm’s 50 day moving average is $194.65 and its 200-day moving average is $201.31. The firm has a market capitalization of $41.90 billion, a price-to-earnings ratio of 80.54 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.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating 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 business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the business posted $0.69 earnings per share. TKO Group’s revenue for the quarter was up 25.9% compared to the same quarter last year. Sell-side analysts forecast that TKO Group Holdings, Inc. will post 4.96 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.79 dividend. This is an increase 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 annualized dividend and a dividend yield of 1.5%. TKO Group’s payout ratio 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.