Caxton Associates LLP Takes Position in TKO Group Holdings, Inc. $TKO

Key Points

• Caxton Associates LLP has acquired 18,017 shares of TKO Group Holdings, Inc., valued at approximately $2.75 million, further indicating strong institutional interest in the company.
• In the first quarter, several hedge funds significantly increased their holdings in TKO Group, including Vanguard Group, which raised their stake by 19.4%.
• TKO Group announced a quarterly dividend of $0.76 per share, a positive increase from the previous $0.38, reflecting the company's robust financial position.

Caxton Associates LLP purchased a new position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 18,017 shares of the company's stock, valued at approximately $2,753,000.

Other large investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of TKO Group in the 1st quarter worth about $1,163,000. Friedenthal Financial purchased a new position in shares of TKO Group in the 1st quarter worth about $895,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of TKO Group in the 1st quarter worth about $464,000. Moore Capital Management LP raised its position in shares of TKO Group by 1,625.0% in the 4th quarter. Moore Capital Management LP now owns 418,286 shares of the company's stock worth $59,443,000 after purchasing an additional 394,038 shares during the last quarter. Finally, Ninety One SA PTY Ltd raised its position in shares of TKO Group by 3.4% in the 1st quarter. Ninety One SA PTY Ltd now owns 71,446 shares of the company's stock worth $10,902,000 after purchasing an additional 2,330 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TKO shares. Bank of America boosted their target price on TKO Group from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Robert W. Baird started coverage on TKO Group in a research report on Friday, September 5th. They issued an "outperform" rating and a $225.00 target price for the company. Roth Capital boosted their target price on TKO Group from $208.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Sanford C. Bernstein assumed coverage on TKO Group in a research report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 target price for the company. Finally, Baird R W upgraded TKO Group to a "strong-buy" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $192.21.

Insider Transactions at TKO Group

In other TKO Group news, Director Nick Khan sold 9,519 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $186.43, for a total transaction of $1,774,627.17. Following the completion of the sale, the director directly owned 137,456 shares of the company's stock, valued at $25,625,922.08. This trade represents a 6.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 73,725 shares of company stock worth $12,767,807. Company insiders own 61.30% of the company's stock.

TKO Group Stock Performance

Shares of NYSE:TKO traded up $0.09 during mid-day trading on Friday, reaching $202.33. 896,921 shares of the company traded hands, compared to its average volume of 1,231,604. The company's 50 day moving average price is $178.43 and its 200-day moving average price is $164.90. The firm has a market cap of $40.12 billion, a PE ratio of 83.61 and a beta of 0.79. 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 Holdings, Inc. has a 52 week low of $114.01 and a 52 week high of $204.10.

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

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.76 per share. This is an increase from TKO Group's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.04 dividend on an annualized basis and a yield of 1.5%. TKO Group's payout ratio is 125.62%.

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.