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

Key Points

• Munich Re trimmed its stake in TKO Group by 8.9% in Q4, selling 13,915 shares and leaving it with 142,198 shares (about 0.07% of the company) valued at roughly $30.46 million.
• TKO missed quarterly EPS (reported -$0.08 vs. $0.12 expected) even as revenue grew 11.9% to $1.04 billion; the company recently paid a $0.78 quarterly dividend (1.7% yield) with a high payout ratio of 138.67%.
• Institutional investors own about 89.8% of TKO while corporate insiders hold 61.3%, but insiders sold 25,256 shares worth roughly $5.27 million in the last 90 days, including notable sales by the CFO and a director.

Munich Reinsurance Co Stock Corp in Munich decreased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 8.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 142,198 shares of the company's stock after selling 13,915 shares during the period. Munich Reinsurance Co Stock Corp in Munich owned approximately 0.07% of TKO Group worth $30,455,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TKO. Cromwell Holdings LLC grew its stake in shares of TKO Group by 1,360.0% during the third quarter. Cromwell Holdings LLC now owns 146 shares of the company's stock worth $29,000 after acquiring an additional 136 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of TKO Group during the second quarter worth about $34,000. Aventura Private Wealth LLC purchased a new stake in shares of TKO Group during the fourth quarter worth about $35,000. MUFG Securities EMEA plc purchased a new stake in TKO Group in the second quarter valued at approximately $36,000. Finally, Atlantic Union Bankshares Corp boosted its position in TKO Group by 1,680.0% in the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company's stock valued at $36,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

TKO Group Trading Up 0.1%

TKO Group stock opened at $186.41 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The stock's 50 day simple moving average is $200.41 and its two-hundred day simple moving average is $198.76. The firm has a market cap of $36.19 billion, a PE ratio of 82.85 and a beta of 0.69.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.20). TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the company posted $0.28 EPS. The company's revenue for the quarter was up 11.9% on a year-over-year basis. Analysts anticipate that TKO Group Holdings, Inc. will post 4.57 earnings per share for the current year.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, March 16th. TKO Group's dividend payout ratio is currently 138.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TKO shares. Susquehanna reiterated a "positive" rating and issued a $251.00 target price on shares of TKO Group in a research report on Monday, January 19th. Citigroup lowered TKO Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Pivotal Research upped their target price on TKO Group from $235.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. TD Cowen upped their target price on TKO Group from $245.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, March 11th. Finally, Citizens Jmp started coverage on TKO Group in a research report on Monday, March 30th. They issued a "mkt outperform" rating and a $240.00 target price on the stock. Twelve 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 an average rating of "Moderate Buy" and an average target price of $232.25.

Insiders Place Their Bets

In other TKO Group news, CFO Shane Kapral sold 254 shares of the company's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $199.15, for a total value of $50,584.10. Following the sale, the chief financial officer owned 99 shares in the company, valued at approximately $19,715.85. This represents a 71.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nick Khan sold 9,518 shares of the company's stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $198.59, for a total value of $1,890,179.62. Following the completion of the sale, the director owned 100,618 shares in the company, valued at approximately $19,981,728.62. This represents a 8.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 25,256 shares of company stock worth $5,266,925. Corporate insiders own 61.30% of the company's stock.

TKO Group 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.

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