JT Stratford LLC Acquires Shares of 7,882 TKO Group Holdings, Inc. $TKO

Key Points

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JT Stratford LLC acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,882 shares of the company's stock, valued at approximately $1,204,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TKO. Vanguard Group Inc. grew its holdings in TKO Group by 19.4% during the first quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company's stock valued at $1,218,951,000 after purchasing an additional 1,295,817 shares during the last quarter. Ninety One UK Ltd grew its stake in TKO Group by 2.1% in the 1st quarter. Ninety One UK Ltd now owns 4,238,773 shares of the company's stock valued at $647,727,000 after buying an additional 87,165 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in TKO Group by 12.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,962,965 shares of the company's stock valued at $299,961,000 after buying an additional 210,469 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in TKO Group by 57.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock worth $238,574,000 after acquiring an additional 611,178 shares during the period. Finally, Invesco Ltd. raised its holdings in TKO Group by 569.7% in the 1st quarter. Invesco Ltd. now owns 1,423,052 shares of the company's stock worth $217,457,000 after acquiring an additional 1,210,563 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Stock Performance

Shares of TKO stock traded up $1.5050 during mid-day trading on Thursday, reaching $184.1150. The stock had a trading volume of 435,746 shares, compared to its average volume of 1,055,950. TKO Group Holdings, Inc. has a one year low of $113.16 and a one year high of $194.76. The firm has a market cap of $36.51 billion, a PE ratio of 76.08 and a beta of 0.72. The firm's 50 day simple moving average is $173.63 and its 200 day simple moving average is $162.55. 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 (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.06). The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.23 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The business's revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. On average, analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TKO. Guggenheim upped their price target on shares of TKO Group from $200.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Susquehanna started coverage on TKO Group in a research note on Monday, April 28th. They set a "positive" rating and a $180.00 target price for the company. Sanford C. Bernstein initiated coverage on TKO Group in a report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 target price on the stock. UBS Group upped their price target on TKO Group from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Bank of America increased their price objective on TKO Group from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $189.69.

Insider Transactions at TKO Group

In other TKO Group news, 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 stock was purchased at an average price of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the purchase, the insider directly owned 4,158,517 shares in the company, valued at approximately $658,376,411.44. This trade represents a 61.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter C. B. Bynoe acquired 980 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of $169.59 per share, for a total transaction of $166,198.20. Following the completion of the acquisition, the director directly owned 2,747 shares of the company's stock, valued at approximately $465,863.73. This represents a 55.46% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 73,725 shares of company stock valued at $12,501,561. Company insiders own 61.30% of the company's stock.

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.