Munich Reinsurance Co Stock Corp in Munich Decreases Stake in TKO Group Holdings, Inc. $TKO

Munich Reinsurance Co Stock Corp in Munich cut its position in TKO Group Holdings, Inc. (NYSE:TKOFree Report) by 93.3% during the first quarter, HoldingsChannel reports. The firm owned 9,484 shares of the company’s stock after selling 132,714 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in TKO Group were worth $1,912,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Amundi raised its holdings in shares of TKO Group by 338.7% in the 1st quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after purchasing an additional 1,050 shares in the last quarter. AQR Capital Management LLC raised its stake in TKO Group by 10.7% in the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock valued at $1,083,000 after buying an additional 696 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TKO Group by 4,722.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock valued at $1,341,000 after buying an additional 8,595 shares in the last quarter. United Services Automobile Association acquired a new stake in TKO Group in the first quarter valued at $218,000. Finally, Geneos Wealth Management Inc. lifted its holdings in TKO Group by 127.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock worth $78,000 after buying an additional 286 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TKO Group

In other news, CFO Andrew M. Schleimer acquired 2,696 shares of TKO Group stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $185.44 per share, for a total transaction of $499,946.24. Following the completion of the purchase, the chief financial officer owned 30,240 shares in the company, valued at $5,607,705.60. This represents a 9.79% increase in their ownership of the stock. The acquisition 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, Director Nick Khan sold 9,589 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $207.56, for a total value of $1,990,292.84. Following the completion of the sale, the director directly owned 81,511 shares of the company’s stock, valued at $16,918,423.16. The trade was a 10.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have bought 24,308 shares of company stock worth $4,499,679. 64.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TKO. 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 report on Monday, April 27th. Citizens Jmp assumed coverage on TKO Group in a research report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 target price on the stock. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $233.73.

Check Out Our Latest Analysis on TKO Group

TKO Group Stock Performance

NYSE TKO opened at $188.22 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. TKO Group Holdings, Inc. has a 1 year low of $152.29 and a 1 year high of $226.94. The company has a market capitalization of $36.54 billion, a PE ratio of 70.23 and a beta of 0.60. The company has a fifty day moving average of $196.67 and a two-hundred day moving average of $200.65.

TKO Group (NYSE:TKOGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the company posted $0.69 earnings per share. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, analysts expect 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. Investors of record on Monday, June 15th were paid a dividend of $0.79 per share. The ex-dividend date was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.7%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s dividend payout ratio (DPR) is 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.

See Also

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

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