Barlow Wealth Partners Inc. Boosts Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Barlow Wealth Partners Inc. grew its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 1.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,133 shares of the company's stock after buying an additional 1,431 shares during the period. TKO Group accounts for about 2.6% of Barlow Wealth Partners Inc.'s holdings, making the stock its 15th biggest holding. Barlow Wealth Partners Inc. owned 0.07% of TKO Group worth $19,815,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in TKO Group by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock worth $66,691,000 after acquiring an additional 16,536 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in TKO Group by 21.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company's stock valued at $2,836,000 after purchasing an additional 3,572 shares in the last quarter. Friedenthal Financial purchased a new position in TKO Group in the first quarter worth approximately $895,000. Twin Tree Management LP lifted its position in shares of TKO Group by 147.0% during the 4th quarter. Twin Tree Management LP now owns 123,713 shares of the company's stock worth $17,581,000 after purchasing an additional 73,617 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in TKO Group during the 4th quarter worth about $431,000. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Stock Up 0.9%

Shares of NYSE:TKO opened at $177.27 on Thursday. TKO Group Holdings, Inc. has a 52-week low of $102.46 and a 52-week high of $188.00. The company has a market capitalization of $35.08 billion, a P/E ratio of 89.98 and a beta of 0.73. The stock's fifty day simple moving average is $165.80 and its 200-day simple moving average is $155.74. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.29.

TKO Group (NYSE:TKO - Get Free Report) last posted 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. The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.07 billion. TKO Group had a return on equity of 2.52% and a net margin of 4.98%. The business's revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned ($1.26) earnings per share. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.86%. TKO Group's dividend payout ratio (DPR) is presently 77.16%.

Insider Buying and Selling at TKO Group

In other TKO Group news, 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 transaction of $1,508,380.74. Following the completion of the sale, the director directly owned 210,967 shares in the company, valued at $33,429,830.82. The trade was a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter C. B. Bynoe acquired 980 shares of TKO Group stock in a transaction on Thursday, June 5th. The shares were bought at an average price of $169.59 per share, for a total transaction of $166,198.20. Following the purchase, the director owned 2,747 shares of the company's stock, valued at $465,863.73. This represents a 55.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 61.30% of the stock is owned by company insiders.

Analyst Ratings Changes

TKO has been the subject of several recent analyst reports. Guggenheim boosted their price objective on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. The Goldman Sachs Group increased their price objective on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Sanford C. Bernstein assumed coverage on shares of TKO Group in a research note on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 target price for the company. JPMorgan Chase & Co. raised their price target on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Finally, Susquehanna assumed coverage on shares of TKO Group in a report on Monday, April 28th. They set a "positive" rating and a $180.00 price objective on the stock. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $168.08.

About TKO Group

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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