Bank of Hawaii Purchases Shares of 4,215 TKO Group Holdings, Inc. $TKO

Key Points

• Bank of Hawaii acquired a new position in TKO Group Holdings, Inc., purchasing 4,215 shares valued at approximately $644,000 during the first quarter.
• Several institutional investors have increased their stakes in TKO, with Hemington Wealth Management growing its holdings by 425% in the same quarter.
• TKO Group recently reported earnings per share of $1.17 for the quarter, below expectations, while revenue increased by 53.7% year-over-year to $1.31 billion.

Bank of Hawaii acquired a new position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,215 shares of the company's stock, valued at approximately $644,000.

Several other institutional investors have also modified their holdings of TKO. Hemington Wealth Management grew its holdings in TKO Group by 425.0% during the first quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after acquiring an additional 136 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of TKO Group during the 1st quarter valued at about $26,000. Sentry Investment Management LLC acquired a new position in shares of TKO Group in the 1st quarter worth approximately $25,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of TKO Group in the 1st quarter worth approximately $27,000. Finally, Farther Finance Advisors LLC lifted its stake in TKO Group by 129.8% during the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock valued at $33,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Stock Performance

Shares of TKO Group stock opened at $185.6470 on Monday. TKO Group Holdings, Inc. has a 12 month low of $113.16 and a 12 month high of $194.76. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. The stock has a market cap of $36.81 billion, a PE ratio of 76.71 and a beta of 0.72. The business has a fifty day simple moving average of $174.08 and a 200-day simple moving average of $162.77.

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

TKO Group Announces Dividend

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

Insider Buying and Selling

In related news, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was bought at an average price of $158.32 per share, for a total transaction of $249,999,945.60. Following the transaction, the insider directly owned 4,158,517 shares in the company, valued at $658,376,411.44. This represents a 61.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter C. B. Bynoe bought 980 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of $169.59 per share, with a total value of $166,198.20. Following the purchase, the director directly owned 2,747 shares in the company, valued at approximately $465,863.73. This trade represents a 55.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 73,725 shares of company stock worth $12,501,561. 53.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Roth Capital lifted their price target on shares of TKO Group from $208.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Bank of America raised their price objective on TKO Group from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Morgan Stanley reaffirmed an "outperform" rating on shares of TKO Group in a report on Sunday, August 10th. Susquehanna initiated coverage on TKO Group in a research report on Monday, April 28th. They issued a "positive" rating and a $180.00 price target for the company. Finally, Citigroup boosted their price objective on TKO Group from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $189.69.

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.

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