Quantitative Investment Management LLC acquired a new position in TKO Group Holdings, Inc. (NYSE:TKO – Free Report) in the 2nd quarter, Holdings Channel reports. The firm acquired 3,687 shares of the company’s stock, valued at approximately $742,000.
A number of other hedge funds have also made changes to their positions in the business. Amundi increased its holdings in 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 shares of TKO Group by 10.7% during the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock valued at $1,083,000 after purchasing an additional 696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TKO Group by 4,722.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after purchasing an additional 8,595 shares in the last quarter. United Services Automobile Association acquired a new stake in TKO Group during the 1st quarter valued at $218,000. Finally, Geneos Wealth Management Inc. grew 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 valued at $78,000 after purchasing an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.
Insider Transactions at TKO Group
In other TKO Group news, Director Nick Khan sold 6,546 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $199.41, for a total value of $1,305,337.86. Following the transaction, the director owned 39,340 shares of the company’s stock, valued at approximately $7,844,789.40. This represents a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 sold 9,942 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $1,932,625.38. Following the sale, the chief financial officer directly owned 38,051 shares of the company’s stock, valued at approximately $7,396,733.89. This represents a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 120,404 shares of company stock worth $23,196,582 over the last 90 days. 64.30% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on TKO
TKO Group Stock Down 0.2%
NYSE:TKO opened at $182.23 on Wednesday. TKO Group Holdings, Inc. has a 52 week low of $176.00 and a 52 week high of $226.94. The firm has a market capitalization of $34.49 billion, a PE ratio of 63.94 and a beta of 0.62. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $190.40 and a 200-day moving average of $195.48.
TKO Group (NYSE:TKO – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.07). TKO Group had a return on equity of 2.67% and a net margin of 4.33%.The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business earned $1.17 earnings per share. TKO Group’s quarterly revenue was up 18.2% on a year-over-year basis. Analysts predict that TKO Group Holdings, Inc. will post 5.18 EPS for the current year.
TKO Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.79 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s dividend payout ratio (DPR) is currently 110.88%.
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.
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