Empowered Funds LLC Makes New $6.14 Million Investment in TKO Group Holdings, Inc. $TKO

Key Points

• Empowered Funds LLC has made a new investment of approximately $6.14 million in TKO Group Holdings, acquiring 40,165 shares.
• Insider trading indicates director Nick Khan sold 9,519 shares at an average price of $186.43, resulting in a total transaction value of about $1.77 million.
• TCK Group recently increased its quarterly dividend from $0.38 to $0.76 per share, representing a 1.6% dividend yield.

Empowered Funds LLC bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,165 shares of the company's stock, valued at approximately $6,138,000.

A number of other institutional investors have also recently made changes to their positions in TKO. Sentry Investment Management LLC acquired a new position in TKO Group in the 1st quarter valued at $25,000. Hemington Wealth Management boosted its stake in TKO Group by 425.0% during the 1st quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after purchasing an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of TKO Group during the first quarter worth $26,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of TKO Group in the first quarter valued at about $27,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of TKO Group by 129.8% in the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock worth $33,000 after buying an additional 122 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TKO Group news, Director Nick Khan sold 9,519 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $186.43, for a total value of $1,774,627.17. Following the sale, the director owned 137,456 shares of the company's stock, valued at $25,625,922.08. The trade was a 6.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 73,725 shares of company stock valued at $12,767,807. 61.30% of the stock is currently owned by company insiders.

TKO Group Stock Performance

NYSE TKO opened at $195.19 on Thursday. The stock has a fifty day simple moving average of $177.91 and a 200-day simple moving average of $164.61. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The stock has a market cap of $38.71 billion, a PE ratio of 80.66 and a beta of 0.79. TKO Group Holdings, Inc. has a twelve month low of $113.16 and a twelve month high of $200.71.

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

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. This is an increase from TKO Group's previous quarterly dividend of $0.38. TKO Group's dividend payout ratio is 62.81%.

Analyst Ratings Changes

TKO has been the subject of several research reports. Guggenheim upped their price objective on shares of TKO Group from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. 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 report on Tuesday, August 12th. Seaport Res Ptn cut TKO Group from a "strong-buy" rating to a "hold" rating in a report on Monday. Zacks Research upgraded TKO Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 2nd. Finally, Citigroup upped their target price on TKO Group from $200.00 to $225.00 and gave the company a "buy" rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, TKO Group presently has an average rating of "Moderate Buy" and an average target price of $192.21.

TKO Group Company 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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