Asset Management One Co. Ltd. Purchases New Position in TKO Group Holdings, Inc. (NYSE:TKO)

Asset Management One Co. Ltd. bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,941 shares of the company's stock, valued at approximately $297,000.

Several other hedge funds have also made changes to their positions in TKO. Oppenheimer Asset Management Inc. lifted its stake in TKO Group by 5.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,653 shares of the company's stock worth $558,000 after acquiring an additional 174 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of TKO Group by 5.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,256 shares of the company's stock worth $498,000 after purchasing an additional 155 shares during the period. Compass Capital Corp MA ADV boosted its stake in shares of TKO Group by 3.3% during the first quarter. Compass Capital Corp MA ADV now owns 3,444 shares of the company's stock valued at $525,000 after purchasing an additional 109 shares in the last quarter. Friedenthal Financial purchased a new position in TKO Group during the first quarter valued at approximately $895,000. Finally, State of Alaska Department of Revenue increased its holdings in TKO Group by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 7,801 shares of the company's stock valued at $1,192,000 after buying an additional 210 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TKO. Susquehanna began coverage on TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 price objective on the stock. Sanford C. Bernstein initiated coverage on shares of TKO Group in a research report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 target price for the company. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. The Goldman Sachs Group upped their price target on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Finally, Guggenheim raised their price objective on TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.08.

Insiders Place Their Bets

In related news, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of TKO Group stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average cost of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the transaction, the insider owned 4,158,517 shares in the company, valued at $658,376,411.44. The trade was a 61.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nick Khan sold 9,519 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $158.46, for a total value of $1,508,380.74. Following the completion of the transaction, the director directly owned 210,967 shares of the company's stock, valued at $33,429,830.82. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 53.80% of the stock is owned by insiders.

TKO Group Stock Up 1.7%

Shares of TKO stock opened at $182.38 on Tuesday. The stock's 50-day simple moving average is $164.72 and its 200-day simple moving average is $155.45. The firm has a market capitalization of $36.09 billion, a PE ratio of 92.58 and a beta of 0.70. TKO Group Holdings, Inc. has a fifty-two week low of $102.46 and a fifty-two week high of $182.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.25 and a current ratio of 1.25.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.07 billion. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.26) EPS. Equities analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group's payout ratio is 77.16%.

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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