Dock Street Asset Management Inc. Purchases 3,816 Shares of TKO Group Holdings, Inc. $TKO

Dock Street Asset Management Inc. raised its position in TKO Group Holdings, Inc. (NYSE:TKO) by 5.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 73,668 shares of the company’s stock after purchasing an additional 3,816 shares during the period. TKO Group makes up 1.6% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Dock Street Asset Management Inc.’s holdings in TKO Group were worth $14,855,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TKO. CreativeOne Wealth LLC boosted its position in shares of TKO Group by 2.1% during the fourth quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock worth $541,000 after buying an additional 54 shares during the period. Frank Rimerman Advisors LLC raised its position in TKO Group by 3.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock valued at $373,000 after buying an additional 56 shares during the last quarter. Stephens Inc. AR raised its position in TKO Group by 2.7% in the 4th quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock valued at $451,000 after buying an additional 56 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in TKO Group by 6.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock valued at $192,000 after acquiring an additional 56 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in TKO Group by 29.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company’s stock valued at $52,000 after acquiring an additional 57 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Ariel Emanuel purchased 10,805 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $185.09 per share, with a total value of $1,999,897.45. Following the completion of the transaction, the chief executive officer owned 154,655 shares of the company’s stock, valued at $28,625,093.95. The trade was a 7.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew M. Schleimer purchased 2,696 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $185.44 per share, with a total value of $499,946.24. Following the purchase, the chief financial officer 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 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. Over the last three months, insiders bought 24,308 shares of company stock valued at $4,499,679 and sold 28,625 shares valued at $5,650,725. 64.30% of the stock is currently owned by corporate insiders.

TKO Group Stock Up 0.7%

TKO stock opened at $204.14 on Thursday. The company has a market cap of $39.63 billion, a price-to-earnings ratio of 76.17 and a beta of 0.59. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94. The business has a 50 day moving average price of $194.02 and a two-hundred day moving average price of $201.19. 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 (NYSE:TKO) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. Analysts anticipate 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. Investors of record on Monday, June 15th will be issued a dividend of $0.79 per share. The ex-dividend date is Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a yield of 1.5%. TKO Group’s dividend payout ratio is presently 117.91%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group lifted their price objective on shares of TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Pivotal Research boosted their price objective on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $233.73.

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.