Janney Montgomery Scott LLC Has $1.78 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Janney Montgomery Scott LLC grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 19.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,637 shares of the company's stock after acquiring an additional 1,929 shares during the quarter. Janney Montgomery Scott LLC's holdings in TKO Group were worth $1,778,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC grew its holdings in shares of TKO Group by 3.6% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock worth $261,000 after purchasing an additional 63 shares during the last quarter. M&T Bank Corp lifted its holdings in TKO Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company's stock valued at $389,000 after buying an additional 64 shares during the period. Blue Trust Inc. lifted its holdings in TKO Group by 28.2% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $47,000 after buying an additional 73 shares during the period. Bessemer Group Inc. grew its position in shares of TKO Group by 0.3% during the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company's stock worth $3,720,000 after buying an additional 78 shares during the period. Finally, Simon Quick Advisors LLC grew its position in shares of TKO Group by 1.1% during the 1st quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company's stock worth $1,155,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Price Performance

Shares of TKO stock opened at $176.24 on Friday. TKO Group Holdings, Inc. has a 52-week low of $102.46 and a 52-week high of $179.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $34.88 billion, a P/E ratio of 89.46 and a beta of 0.70. The stock has a 50 day moving average price of $163.35 and a 200 day moving average price of $154.73.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.55 by $0.14. The company had revenue of $1.27 billion for 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%. TKO Group's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted ($1.26) EPS. As a group, sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The business 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 $0.38 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.86%. TKO Group's dividend payout ratio is presently 77.16%.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of recent research reports. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Guggenheim lifted their price objective on TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Benchmark reissued a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Sanford C. Bernstein assumed coverage on TKO Group in a report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 target price for the company. Finally, Susquehanna began coverage on TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 price target for the company. Two investment 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. According to MarketBeat, TKO Group presently has an average rating of "Moderate Buy" and an average price target of $168.08.

Insider Activity

In other TKO Group news, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $158.46, for a total transaction of $1,508,380.74. Following the completion of the sale, the director now owns 210,967 shares of the company's stock, valued at approximately $33,429,830.82. The trade was a 4.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter C. B. Bynoe acquired 980 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was bought at an average cost of $169.59 per share, with a total value of $166,198.20. Following the acquisition, the director now owns 2,747 shares in the company, valued at approximately $465,863.73. This trade represents a 55.46% increase in their ownership of the stock. 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.

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