Atria Wealth Solutions Inc. Invests $326,000 in TKO Group Holdings, Inc. (NYSE:TKO)

Key Points

• Atria Wealth Solutions Inc. has acquired a new stake in TKO Group Holdings, Inc., purchasing 2,136 shares valued at approximately $326,000.
• Institutional investors own 89.79% of TKO Group's stock, with multiple firms like Ninety One UK Ltd and Ameriprise Financial significantly increasing their holdings recently.
• TKO Group reported earnings of $1.17 per share for the last quarter, missing analysts' expectations, although their revenue increased by 53.7% year over year.

Atria Wealth Solutions Inc. purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,136 shares of the company's stock, valued at approximately $326,000.

A number of other large investors have also recently modified their holdings of the company. Sentry Investment Management LLC acquired a new position in shares of TKO Group during the first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of TKO Group in the 1st quarter valued at $26,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of TKO Group in the 1st quarter valued at $27,000. Farther Finance Advisors LLC increased its position in shares of TKO Group by 129.8% in the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock valued at $33,000 after acquiring an additional 122 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of TKO Group by 229.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the company's stock valued at $37,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 89.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Northcoast Research downgraded TKO Group from a "buy" rating to a "neutral" rating in a research report on Thursday, July 10th. Guggenheim increased their price target on TKO Group from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday. Bank of America increased their price target on TKO Group from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. UBS Group increased their price target on TKO Group from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group increased 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. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, TKO Group currently has an average rating of "Moderate Buy" and a consensus price target of $187.38.

TKO Group Price Performance

TKO Group stock traded down $2.19 during midday trading on Friday, reaching $188.81. The company had a trading volume of 719,198 shares, compared to its average volume of 1,058,244. The company has a market capitalization of $37.44 billion, a P/E ratio of 78.02 and a beta of 0.72. TKO Group Holdings, Inc. has a 12-month low of $113.16 and a 12-month high of $194.76. The firm's fifty day simple moving average is $172.03 and its 200-day simple moving average is $161.86. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30.

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

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group's dividend payout ratio (DPR) is 62.81%.

Insiders Place Their Bets

In other TKO Group news, Director Nick Khan sold 45,168 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $170.82, for a total value of $7,715,597.76. Following the transaction, the director directly owned 156,494 shares of the company's stock, valued at $26,732,305.08. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter C. B. Bynoe bought 980 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was acquired at an average cost of $169.59 per share, for a total transaction of $166,198.20. Following the completion of the purchase, the director directly owned 2,747 shares in the company, valued at approximately $465,863.73. This represents a 55.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 73,725 shares of company stock valued at $12,501,561 in the last ninety days. 53.80% of the stock is currently owned by corporate insiders.

TKO Group 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.