Czech National Bank Acquires Shares of 15,293 TKO Group Holdings, Inc. (NYSE:TKO)

Czech National Bank bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,293 shares of the company's stock, valued at approximately $2,337,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in TKO Group by 28.2% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company's stock worth $47,000 after purchasing an additional 73 shares in the last quarter. Spire Wealth Management acquired a new position in shares of TKO Group in the 4th quarter valued at $54,000. Ninety One UK Ltd boosted its holdings in TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock worth $589,985,000 after buying an additional 163,980 shares in the last quarter. Ninety One SA PTY Ltd boosted its holdings in TKO Group by 9.7% during the fourth quarter. Ninety One SA PTY Ltd now owns 69,116 shares of the company's stock worth $9,822,000 after buying an additional 6,089 shares in the last quarter. Finally, Retirement Systems of Alabama grew its position in TKO Group by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 80,911 shares of the company's stock valued at $11,498,000 after buying an additional 204 shares during the period. Hedge funds and other institutional investors own 89.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TKO shares. Morgan Stanley upped their target price on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Guggenheim increased their price objective on shares of TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday, May 9th. Benchmark reiterated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Finally, Pivotal Research reaffirmed a "buy" rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $168.08.

TKO Group Trading Down 1.7%

TKO Group stock traded down $2.83 during trading on Friday, reaching $166.09. 789,421 shares of the company were exchanged, compared to its average volume of 1,113,022. The stock's 50 day simple moving average is $156.37 and its two-hundred day simple moving average is $151.36. The company has a market capitalization of $32.87 billion, a P/E ratio of -395.45 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 52-week low of $100.76 and a 52-week high of $179.09.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.55 by $0.14. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned ($1.26) EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.92%. TKO Group's dividend payout ratio is currently 77.16%.

Insider Buying and Selling at TKO Group

In other TKO Group news, Director Nick Khan sold 9,519 shares of the firm'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 value of $1,508,380.74. Following the completion of the transaction, the director now owns 210,967 shares of the company's stock, valued at $33,429,830.82. This trade represents a 4.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the purchase, the insider now owns 4,158,517 shares of the company's stock, valued at approximately $658,376,411.44. This represents a 61.22% increase in their position. The disclosure for this purchase can be found here. Company insiders own 61.30% of the company's stock.

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.