Perigon Wealth Management LLC Acquires New Shares in TKO Group Holdings, Inc. $TKO

Perigon Wealth Management LLC acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,111 shares of the company’s stock, valued at approximately $650,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cromwell Holdings LLC lifted its stake in shares of TKO Group by 1,360.0% in the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Aventura Private Wealth LLC acquired a new stake in shares of TKO Group in the 4th quarter valued at $35,000. Atlantic Union Bankshares Corp lifted its stake in shares of TKO Group by 1,680.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after purchasing an additional 168 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of TKO Group in the 2nd quarter valued at $34,000. Finally, Mather Group LLC. acquired a new stake in shares of TKO Group in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Activity at TKO Group

In other news, CFO Andrew M. Schleimer sold 11,978 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total transaction of $2,419,316.44. Following the transaction, the chief financial officer owned 27,544 shares in the company, valued at approximately $5,563,337.12. The trade was a 30.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nick Khan sold 9,518 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $201.31, for a total transaction of $1,916,068.58. Following the transaction, the director owned 119,566 shares in the company, valued at approximately $24,069,831.46. The trade was a 7.37% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 91,187 shares of company stock worth $18,556,295. Insiders own 61.30% of the company’s stock.

TKO Group Stock Performance

Shares of TKO opened at $192.96 on Wednesday. The company has a market capitalization of $37.46 billion, a PE ratio of 85.76 and a beta of 0.69. TKO Group Holdings, Inc. has a one year low of $136.11 and a one year high of $226.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. The company’s fifty day moving average price is $204.33 and its 200 day moving average price is $199.57.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.20). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. As a group, analysts expect that TKO Group Holdings, Inc. will post 3.88 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. Stockholders of record on Monday, March 16th were issued a dividend of $0.78 per share. The ex-dividend date was Monday, March 16th. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TKO Group’s payout ratio is presently 138.67%.

Analyst Ratings Changes

TKO has been the subject of several analyst reports. Morgan Stanley set a $210.00 price objective on shares of TKO Group in a research note on Thursday, December 18th. BTIG Research dropped their target price on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Wall Street Zen downgraded shares of TKO Group from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. TD Cowen lifted their target price on shares of TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Finally, UBS Group lifted their target price on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $232.25.

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.