Delta Global Management LP Purchases Shares of 12,202 TKO Group Holdings, Inc. $TKO

Delta Global Management LP purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the first quarter, Holdings Channel.com reports. The firm purchased 12,202 shares of the company’s stock, valued at approximately $2,461,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Elyxium Wealth LLC purchased a new position in shares of TKO Group in the 4th quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its stake in TKO Group by 543.5% during the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Torren Management LLC acquired a new position in TKO Group in the fourth quarter valued at approximately $32,000. CYBER HORNET ETFs LLC acquired a new position in TKO Group in the second quarter valued at approximately $34,000. Finally, MUFG Securities EMEA plc acquired a new position in TKO Group in the second quarter valued at approximately $36,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro acquired 10,807 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the purchase, the insider owned 129,207 shares in the company, valued at $23,909,755.35. This trade represents a 9.13% increase in their position. The purchase was disclosed in a filing with the SEC, 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 bought 2,696 shares of TKO Group stock in a transaction dated 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 of the company’s stock, valued at approximately $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 90 days, insiders purchased 24,308 shares of company stock valued at $4,499,679 and sold 28,696 shares valued at $5,511,785. Insiders own 64.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TKO. BTIG Research reissued a “buy” rating and set a $237.00 price objective on shares of TKO Group in a report on Thursday, May 7th. Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Guggenheim dropped their target price on shares of TKO Group from $232.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Citizens Jmp assumed coverage on shares of TKO Group in a research note on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price target on the stock. Finally, Citigroup cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $233.87.

TKO Group Trading Up 0.7%

TKO opened at $180.73 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. TKO Group Holdings, Inc. has a 52 week low of $152.29 and a 52 week high of $226.94. The business’s 50 day moving average is $195.78 and its two-hundred day moving average is $198.36. The firm has a market cap of $35.08 billion, a price-to-earnings ratio of 67.44 and a beta of 0.60.

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

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is 117.91%.

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.