GAMMA Investing LLC Raises Stake in TKO Group Holdings, Inc. (NYSE:TKO)

GAMMA Investing LLC grew its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 19,832.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 271,085 shares of the company's stock after buying an additional 269,725 shares during the period. GAMMA Investing LLC owned approximately 0.16% of TKO Group worth $41,424,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TKO. Smartleaf Asset Management LLC grew its holdings in shares of TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Game Plan Financial Advisors LLC grew its holdings in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after purchasing an additional 155 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of TKO Group by 229.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the company's stock worth $37,000 after purchasing an additional 170 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of TKO Group during the 4th quarter worth $38,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of TKO Group during the 4th quarter worth $44,000. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Trading Down 1.7%

Shares of TKO traded down $2.83 during mid-day trading on Friday, reaching $166.09. 789,421 shares of the company were exchanged, compared to its average volume of 1,117,173. TKO Group Holdings, Inc. has a 52 week low of $100.76 and a 52 week high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $32.87 billion, a PE ratio of -395.45 and a beta of 0.70. The business has a 50 day simple moving average of $156.63 and a two-hundred day simple moving average of $151.60.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned ($1.26) earnings per share. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.38 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.92%. TKO Group's dividend payout ratio is currently 77.16%.

Wall Street Analysts Forecast Growth

TKO has been the topic of several analyst reports. Benchmark reissued a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Pivotal Research reaffirmed a "buy" rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Sanford C. Bernstein assumed coverage on TKO Group in a research note on Wednesday. They issued an "outperform" rating and a $190.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, Morgan Stanley raised their price objective on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.08.

Insider Activity

In other news, Director Sonya E. Medina acquired 233 shares of the business's stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of $142.93 per share, with a total value of $33,302.69. Following the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $285,860. The trade was a 13.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average cost of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the acquisition, the insider now directly owns 4,158,517 shares in the company, valued at approximately $658,376,411.44. The trade was a 61.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 1,580,293 shares of company stock worth $250,199,446 in the last quarter. 61.30% of the stock is owned by corporate insiders.

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.