3,100 Shares in TKO Group Holdings, Inc. $TKO Acquired by Bluefin Capital Management LLC

Key Points

• Bluefin Capital Management LLC acquired a new stake in TKO Group Holdings, purchasing 3,100 shares valued at approximately $474,000 during the first quarter.
• TKO Group recently announced a quarterly dividend of $0.76 per share, up from its previous dividend of $0.38, representing a 1.5% yield.
• Wall Street analysts have mixed ratings on TKO Group, with a consensus rating of "Moderate Buy" and an average target price of $192.21 for the stock.

Bluefin Capital Management LLC purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,100 shares of the company's stock, valued at approximately $474,000.

A number of other large investors have also recently made changes to their positions in TKO. Mirae Asset Global Investments Co. Ltd. acquired a new position in TKO Group in the 1st quarter valued at about $1,163,000. Friedenthal Financial acquired a new position in shares of TKO Group during the 1st quarter worth $895,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of TKO Group during the 1st quarter worth approximately $464,000. Ninety One SA PTY Ltd raised its holdings in shares of TKO Group by 3.4% in the first quarter. Ninety One SA PTY Ltd now owns 71,446 shares of the company's stock worth $10,902,000 after acquiring an additional 2,330 shares during the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in TKO Group in the 1st quarter valued at about $297,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TKO. Zacks Research raised shares of TKO Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. raised their target price on TKO Group from $182.00 to $212.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Seaport Res Ptn lowered TKO Group from a "strong-buy" rating to a "hold" rating in a research report on Monday. Robert W. Baird initiated coverage on shares of TKO Group in a research note on Friday, September 5th. They set an "outperform" rating and a $225.00 price objective on the stock. Finally, UBS Group boosted their price target on shares of TKO Group from $195.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $192.21.

Insider Transactions at TKO Group

In other TKO Group news, Director Nick Khan sold 9,519 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $186.43, for a total value of $1,774,627.17. Following the completion of the transaction, the director owned 137,456 shares of the company's stock, valued at $25,625,922.08. This represents a 6.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders have sold 73,725 shares of company stock valued at $12,767,807. Company insiders own 53.80% of the company's stock.

TKO Group Price Performance

Shares of TKO opened at $196.45 on Wednesday. The company has a market capitalization of $38.96 billion, a price-to-earnings ratio of 81.18 and a beta of 0.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. The business's 50-day moving average is $177.55 and its 200-day moving average is $164.40. TKO Group Holdings, Inc. has a fifty-two week low of $113.16 and a fifty-two week high of $200.71.

TKO Group (NYSE:TKO - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.06). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter last year, the firm earned $0.72 EPS. The business's revenue for the quarter was up 53.7% compared to the same quarter last year. Equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 15th. This is a positive change from TKO Group's previous quarterly dividend of $0.38. TKO Group's dividend payout ratio is currently 62.81%.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.

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