Invesco Ltd. Has $217.46 Million Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Invesco Ltd. increased its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 569.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,423,052 shares of the company's stock after buying an additional 1,210,563 shares during the period. Invesco Ltd. owned 0.83% of TKO Group worth $217,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of TKO Group in the first quarter valued at approximately $1,163,000. Friedenthal Financial acquired a new stake in shares of TKO Group in the first quarter valued at approximately $895,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of TKO Group in the first quarter valued at approximately $464,000. Moore Capital Management LP raised its position in shares of TKO Group by 1,625.0% in the fourth quarter. Moore Capital Management LP now owns 418,286 shares of the company's stock valued at $59,443,000 after buying an additional 394,038 shares in the last quarter. Finally, Ninety One SA PTY Ltd raised its position in shares of TKO Group by 3.4% in the first quarter. Ninety One SA PTY Ltd now owns 71,446 shares of the company's stock valued at $10,902,000 after buying an additional 2,330 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Stock Performance

Shares of TKO Group stock opened at $191.45 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. TKO Group Holdings, Inc. has a twelve month low of $113.16 and a twelve month high of $191.51. The stock has a market cap of $37.89 billion, a price-to-earnings ratio of 79.11 and a beta of 0.72. The company's fifty day moving average is $171.13 and its 200 day moving average is $161.32.

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

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, June 13th. This represents a $1.52 annualized dividend and a yield of 0.8%. TKO Group's dividend payout ratio (DPR) is presently 62.81%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TKO. Morgan Stanley reiterated an "outperform" rating on shares of TKO Group in a research report on Sunday. Roth Capital boosted their price objective on shares of TKO Group from $208.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday. Bank of America boosted their price objective on shares of TKO Group from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday. Susquehanna started coverage on shares of TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 price objective for the company. Finally, Guggenheim boosted their price objective on shares of TKO Group from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $183.15.

Insiders Place Their Bets

In other TKO Group news, Director Nick Khan sold 45,168 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $170.82, for a total transaction of $7,715,597.76. Following the sale, the director owned 156,494 shares of the company's stock, valued at approximately $26,732,305.08. This represents a 22.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Lake West Voteco L.L.C Silver purchased 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 transaction, the insider directly owned 4,158,517 shares of the company's stock, valued at approximately $658,376,411.44. The trade was a 61.22% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 73,725 shares of company stock worth $12,501,561. 61.30% of the stock is currently owned by insiders.

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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