CI Investments Inc. Sells 50,463 Shares of TKO Group Holdings, Inc. $TKO

CI Investments Inc. lowered its holdings in TKO Group Holdings, Inc. (NYSE:TKOFree Report) by 12.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 350,032 shares of the company’s stock after selling 50,463 shares during the quarter. CI Investments Inc.’s holdings in TKO Group were worth $70,584,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in TKO Group during the fourth quarter worth $27,000. Cornerstone Planning Group LLC lifted its stake in shares of TKO Group by 543.5% in the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Torren Management LLC acquired a new position in shares of TKO Group during the fourth quarter valued at about $32,000. CYBER HORNET ETFs LLC acquired a new position in shares of TKO Group during the second quarter valued at about $34,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of TKO Group during the fourth quarter worth about $35,000. Institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Citizens Jmp assumed coverage on TKO Group in a research note on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price target for the company. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Sanford C. Bernstein lowered their price objective on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Finally, Roth Capital set a $228.00 price objective on TKO Group in a research note on Monday, May 4th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $233.87.

Read Our Latest Stock Report on TKO

Insider Activity

In other TKO Group news, CEO Ariel Emanuel bought 10,805 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $185.09 per share, for a total transaction of $1,999,897.45. Following the purchase, the chief executive officer directly owned 154,655 shares of the company’s stock, valued at approximately $28,625,093.95. This represents a 7.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 owned 30,240 shares of the company’s stock, valued at $5,607,705.60. This represents a 9.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have bought 24,308 shares of company stock worth $4,499,679 and have sold 28,696 shares worth $5,511,785. Insiders own 64.30% of the company’s stock.

TKO Group Stock Performance

NYSE TKO opened at $181.81 on Wednesday. TKO Group Holdings, Inc. has a 1 year low of $152.29 and a 1 year high of $226.94. 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 firm has a market cap of $35.29 billion, a price-to-earnings ratio of 67.84 and a beta of 0.60. The company has a fifty day moving average price of $196.27 and a 200-day moving average price of $198.87.

TKO Group (NYSE:TKOGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, equities research analysts predict that TKO Group Holdings, Inc. will post 4.94 EPS for the current fiscal year.

TKO Group Increases Dividend

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

TKO Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TKO Group (NYSE:TKO)

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