Cooper Investors PTY Ltd. Purchases 10,650 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Cooper Investors PTY Ltd. boosted its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 8.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,902 shares of the company's stock after acquiring an additional 10,650 shares during the period. TKO Group accounts for 3.2% of Cooper Investors PTY Ltd.'s investment portfolio, making the stock its 11th biggest position. Cooper Investors PTY Ltd. owned approximately 0.08% of TKO Group worth $19,850,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. CIBC Asset Management Inc boosted its stake in TKO Group by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 2,529 shares of the company's stock worth $359,000 after acquiring an additional 136 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in TKO Group by 20.4% during the fourth quarter. Handelsbanken Fonder AB now owns 17,137 shares of the company's stock worth $2,435,000 after acquiring an additional 2,900 shares in the last quarter. IFP Advisors Inc boosted its stake in TKO Group by 18.2% during the fourth quarter. IFP Advisors Inc now owns 5,433 shares of the company's stock worth $773,000 after acquiring an additional 837 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its stake in TKO Group by 4.7% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 2,729 shares of the company's stock worth $388,000 after acquiring an additional 123 shares in the last quarter. Institutional investors own 89.79% of the company's stock.

Insider Buying and Selling

In other TKO Group news, Director Nick Khan sold 9,519 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $158.46, for a total value of $1,508,380.74. Following the sale, the director now owns 210,967 shares in the company, valued at approximately $33,429,830.82. This represents a 4.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Peter C. B. Bynoe acquired 980 shares of the stock in a transaction on Thursday, June 5th. The stock was bought at an average price of $169.59 per share, for a total transaction of $166,198.20. Following the transaction, the director now owns 2,747 shares in the company, valued at approximately $465,863.73. This represents a 55.46% increase in their position. The disclosure for this purchase can be found here. 53.80% of the stock is owned by corporate insiders.

TKO Group Stock Performance

TKO stock opened at $175.62 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50-day moving average price of $161.73 and a 200 day moving average price of $154.18. The company has a market capitalization of $34.76 billion, a P/E ratio of 89.15 and a beta of 0.70. TKO Group Holdings, Inc. has a 1-year low of $102.46 and a 1-year high of $183.88.

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

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, June 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.87%. TKO Group's dividend payout ratio (DPR) is currently 77.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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 note on Friday, May 9th. Morgan Stanley boosted their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. The Goldman Sachs Group lifted their target price on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $168.08.

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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