MBB Public Markets I LLC Acquires New Stake in TKO Group Holdings, Inc. $TKO

Key Points

• MBB Public Markets I LLC has acquired 4,246 shares of TKO Group Holdings, Inc. for $649,000, signaling increasing institutional interest in the company.
• Several analysts have upgraded their price targets for TKO Group, with estimates ranging from $188.00 to $225.00, indicating a positive market outlook.
• TKO Group announced a quarterly dividend increase to $0.76 per share, reflecting a growing return to shareholders with an annualized payout of $3.04.

MBB Public Markets I LLC purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,246 shares of the company's stock, valued at approximately $649,000.

A number of other institutional investors have also recently bought and sold shares of TKO. BNP Paribas Financial Markets acquired a new position in TKO Group during the fourth quarter worth approximately $10,579,000. Baird Financial Group Inc. increased its position in TKO Group by 25.8% during the fourth quarter. Baird Financial Group Inc. now owns 2,014 shares of the company's stock worth $286,000 after buying an additional 413 shares during the last quarter. Cetera Investment Advisers grew its position in shares of TKO Group by 13.7% in the fourth quarter. Cetera Investment Advisers now owns 9,074 shares of the company's stock valued at $1,290,000 after purchasing an additional 1,095 shares during the last quarter. Deutsche Bank AG grew its position in shares of TKO Group by 1,425.9% in the fourth quarter. Deutsche Bank AG now owns 102,237 shares of the company's stock valued at $14,529,000 after purchasing an additional 95,537 shares during the last quarter. Finally, Ethic Inc. grew its position in shares of TKO Group by 148.4% in the fourth quarter. Ethic Inc. now owns 7,624 shares of the company's stock valued at $1,083,000 after purchasing an additional 4,555 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TKO shares. Citigroup upped their target price on TKO Group from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Sanford C. Bernstein started coverage on TKO Group in a research report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 target price on the stock. Bank of America upped their target price on TKO Group from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Roth Capital increased their price target on TKO Group from $208.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Finally, Robert W. Baird assumed coverage on TKO Group in a research report on Friday, September 5th. They set an "outperform" rating and a $225.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.21.

Insiders Place Their Bets

In related news, Director Nick Khan sold 9,519 shares of the stock in a transaction 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 completion of the sale, the director directly owned 137,456 shares in the company, valued at $25,625,922.08. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 73,725 shares of company stock valued at $12,767,807 in the last three months. Corporate insiders own 61.30% of the company's stock.

TKO Group Price Performance

Shares of TKO traded up $0.09 during trading hours on Friday, reaching $202.33. The stock had a trading volume of 897,062 shares, compared to its average volume of 1,234,138. TKO Group Holdings, Inc. has a 12 month low of $114.01 and a 12 month high of $204.10. The stock has a market capitalization of $40.12 billion, a PE ratio of 83.61 and a beta of 0.79. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30. The company's 50-day moving average is $178.43 and its two-hundred day moving average is $164.90.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly 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). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The firm's revenue was up 53.7% on a year-over-year basis. Research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS 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 issued a $0.76 dividend. The ex-dividend date is Monday, September 15th. This is a positive change from TKO Group's previous quarterly dividend of $0.38. This represents a $3.04 dividend on an annualized basis and a yield of 1.5%. TKO Group's dividend payout ratio (DPR) is currently 125.62%.

About TKO Group

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.