SG Americas Securities LLC Increases Stock Position in TKO Group Holdings, Inc. $TKO

SG Americas Securities LLC lifted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 18.6% during the first quarter, Holdings Channel reports. The firm owned 65,397 shares of the company’s stock after acquiring an additional 10,279 shares during the period. SG Americas Securities LLC’s holdings in TKO Group were worth $13,187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in TKO Group in the 4th quarter worth about $27,000. Torren Management LLC bought a new position in shares of TKO Group in the fourth quarter valued at approximately $32,000. CYBER HORNET ETFs LLC purchased a new stake in shares of TKO Group during the second quarter valued at approximately $34,000. Aventura Private Wealth LLC purchased a new stake in shares of TKO Group during the fourth quarter valued at approximately $35,000. Finally, MUFG Securities EMEA plc bought a new stake in TKO Group during the second quarter worth $36,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Trading Up 5.9%

Shares of TKO opened at $215.83 on Friday. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The business has a 50-day moving average of $194.65 and a 200 day moving average of $201.31. The firm has a market cap of $41.90 billion, a P/E ratio of 80.54 and a beta of 0.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the business earned $0.69 earnings per share. The company’s quarterly revenue was up 25.9% on a year-over-year basis. As a group, research analysts forecast that TKO Group Holdings, Inc. will post 4.96 EPS for the current year.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.79 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.16 annualized dividend and a yield of 1.5%. TKO Group’s payout ratio is 117.91%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TKO shares. Roth Mkm set a $228.00 price objective on TKO Group in a research note on Monday, May 4th. Citigroup cut TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.73.

Insider Buying and Selling at TKO Group

In related news, CEO Ariel Emanuel purchased 10,805 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the transaction, the chief executive officer owned 154,655 shares in the company, valued at $28,625,093.95. This trade represents a 7.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark S. Shapiro acquired 10,807 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price 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 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 90 days, insiders have acquired 24,308 shares of company stock valued at $4,499,679 and have sold 28,625 shares valued at $5,650,725. Corporate insiders own 64.30% of the company’s stock.

TKO Group Company Profile

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.