31,169 Shares in TKO Group Holdings, Inc. $TKO Bought by Generate Investment Management Ltd

Key Points

• Generate Investment Management Ltd disclosed a new first-quarter stake in TKO Group, buying 31,169 shares worth about $6.29 million.
• TKO reported stronger-than-expected first-quarter results, with EPS of $1.12 and revenue of $1.60 billion, while revenue rose 25.9% year over year.
• The company raised its quarterly dividend to $0.79 per share, and analysts currently view the stock as a Moderate Buy with an average price target of $233.73.

Generate Investment Management Ltd bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,169 shares of the company's stock, valued at approximately $6,285,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Elyxium Wealth LLC bought a new position in shares of TKO Group during the fourth quarter valued at $27,000. Torren Management LLC bought a new position in TKO Group in the 4th quarter worth about $32,000. Aventura Private Wealth LLC purchased a new stake in TKO Group during the 4th quarter valued at about $35,000. Clearstead Advisors LLC grew its position in TKO Group by 234.0% during the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company's stock valued at $37,000 after purchasing an additional 124 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. bought a new stake in TKO Group during the 4th quarter valued at about $38,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Roth Mkm set a $228.00 target price on TKO Group in a report on Monday, May 4th. UBS Group upped their price target on TKO Group from $235.00 to $238.00 and gave the company a "buy" rating in a report on Thursday, February 26th. TD Cowen increased their price objective on TKO Group from $245.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, March 11th. Weiss Ratings upgraded TKO Group from a "hold (c-)" rating to a "hold (c+)" rating in a report on Thursday, May 7th. Finally, Citigroup downgraded TKO Group from a "strong-buy" rating to a "hold" rating in a report on Monday, April 13th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $233.73.

TKO Group Trading Down 0.6%

TKO Group stock opened at $197.66 on Tuesday. The stock has a market cap of $38.37 billion, a P/E ratio of 73.76 and a beta of 0.59. 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 firm's 50 day moving average price is $193.73 and its 200-day moving average price is $201.11.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $1.12 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 the consensus estimate of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm's revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 earnings per share. On average, equities analysts predict that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current fiscal 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 dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, June 15th. This is an increase from TKO Group's previous quarterly dividend of $0.78. TKO Group's dividend payout ratio (DPR) is presently 117.91%.

Insiders Place Their Bets

In related news, CFO Andrew M. Schleimer bought 2,696 shares of the stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $185.44 per share, with a total value of $499,946.24. Following the completion of the purchase, the chief financial officer owned 30,240 shares of the company's stock, valued at $5,607,705.60. This trade represents a 9.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 dated Friday, June 12th. The stock was sold at an average price of $207.56, for a total transaction of $1,990,292.84. Following the transaction, the director owned 81,511 shares in the company, valued at approximately $16,918,423.16. The trade was a 10.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders purchased 24,308 shares of company stock worth $4,499,679 and sold 28,625 shares worth $5,650,725. 64.30% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding TKO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TKO Group Holdings, Inc. (NYSE:TKO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.