Ashford Capital Management Inc. Grows Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Ashford Capital Management Inc. increased its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 560.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,827 shares of the company's stock after acquiring an additional 10,035 shares during the period. Ashford Capital Management Inc.'s holdings in TKO Group were worth $1,681,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of TKO Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock valued at $949,449,000 after purchasing an additional 114,096 shares during the last quarter. Ninety One UK Ltd lifted its position in TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after buying an additional 163,980 shares during the last quarter. Independent Franchise Partners LLP boosted its stake in TKO Group by 7.4% during the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock worth $484,473,000 after buying an additional 235,420 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of TKO Group by 2.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock valued at $249,047,000 after acquiring an additional 47,768 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of TKO Group by 57.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock valued at $238,574,000 after acquiring an additional 611,178 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Pivotal Research reaffirmed a "buy" rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group boosted their target price on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Susquehanna started coverage on TKO Group in a report on Monday, April 28th. They set a "positive" rating and a $180.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $164.25.

TKO Group Trading Up 0.3%

NYSE TKO opened at $163.96 on Tuesday. The firm's fifty day moving average price is $153.43 and its 200 day moving average price is $148.06. TKO Group Holdings, Inc. has a 12 month low of $100.76 and a 12 month high of $179.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $28.07 billion, a price-to-earnings ratio of -390.38 and a beta of 0.73.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.14. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company posted ($1.26) earnings per share. The business's quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's dividend payout ratio is currently 77.16%.

Insider Activity

In related news, Director Sonya E. Medina purchased 233 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $285,860. This represents a 13.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan Kraft purchased 20,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of $151.78 per share, for a total transaction of $3,035,600.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $3,035,600. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 23,733 shares of company stock valued at $3,561,318. 61.30% of the stock is currently owned by company insiders.

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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