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Andrew M. Schleimer, the Chief Financial Officer of TKO Group Holdings, Inc. (NYSE:TKO), recently executed a significant transaction involving the company's Class A common stock. According to a recent SEC filing, Schleimer sold 5,419 shares on January 3, 2025, at an average price of $141.94 per share, resulting in a total sale value of approximately $769,172. The transaction occurs as TKO trades near its 52-week high of $149.40, having delivered an impressive 80% return over the past year.
This transaction was part of a pre-arranged 10b5-1 trading plan, established to satisfy tax obligations related to the vesting of previously granted equity awards. Following this sale, Schleimer holds 6,995 shares directly.
Additionally, the filing disclosed that on January 2, 2025, Schleimer acquired 12,414 shares through the exercise of restricted stock units (RSUs), which were part of a grant made on November 6, 2023. These RSUs vest in three equal annual installments, starting December 31, 2024.
In other recent news, TKO Group Holdings has been making significant strides in its financial and strategic initiatives. The company secured a $2.75 billion term loan and refinanced its credit facility, marking a significant financial maneuver. Additionally, TKO Group Holdings recently acquired Professional Bull Riders, On Location, and IMG from Endeavor in an all-equity deal valued at $3.25 billion, which has instigated mixed responses from analysts. BofA Securities and Citi maintained a Buy rating, while Benchmark downgraded TKO shares from Buy to Hold due to potential growth dilution concerns.
TKO Group Holdings has also settled a consolidated class-action antitrust lawsuit for $375 million. The company has been making significant progress in its strategic initiatives and financial health, with revenue of $2.78 billion and an EBITDA of $655.7 million. Furthermore, Citi recently increased TKO's stock price target from $137.00 to $170.00, citing a steady outlook for World Wrestling Entertainment (NYSE:TKO) (WWE) and an updated forecast for the Ultimate Fighting Championship (UFC) rights.
These recent developments reflect the evolving landscape of TKO Group Holdings and its strategic initiatives in the market.
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