MRP Capital Investments LLC Buys Shares of 6,259 TKO Group Holdings, Inc. (NYSE:TKO)

Key Points

• MRP Capital Investments LLC has acquired a new position in TKO Group Holdings, purchasing 6,259 shares valued at approximately $956,000.
• Recent reports from several research firms have boosted target prices for TKO Group, with JPMorgan raising it from $158 to $182 and Guggenheim from $175 to $190.
• The company recently announced a quarterly dividend of $0.38, which was paid on June 30th, representing an annual yield of 0.89%.

MRP Capital Investments LLC bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,259 shares of the company's stock, valued at approximately $956,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TKO. Vanguard Group Inc. lifted its stake in TKO Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock worth $949,449,000 after purchasing an additional 114,096 shares during the last quarter. Ninety One UK Ltd increased its holdings in shares of TKO Group by 2.1% during the first quarter. Ninety One UK Ltd now owns 4,238,773 shares of the company's stock valued at $647,727,000 after purchasing an additional 87,165 shares during the period. Independent Franchise Partners LLP grew its holdings in TKO Group by 7.4% during the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock worth $484,473,000 after acquiring an additional 235,420 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in TKO Group by 12.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,962,965 shares of the company's stock worth $299,961,000 after acquiring an additional 210,469 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in TKO Group by 57.3% during the fourth 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. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Stock Performance

Shares of TKO stock traded up $0.86 during trading on Monday, hitting $170.91. The company's stock had a trading volume of 534,845 shares, compared to its average volume of 767,392. The company has a market cap of $33.82 billion, a PE ratio of 86.76 and a beta of 0.73. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $168.69 and a 200-day moving average of $159.45. TKO Group Holdings, Inc. has a 52 week low of $102.46 and a 52 week high of $182.60.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. The business 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 revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.26) earnings per share. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.89%. TKO Group's dividend payout ratio is presently 77.16%.

Insider Activity at TKO Group

In other news, Director Nick Khan sold 45,168 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $170.82, for a total transaction of $7,715,597.76. Following the transaction, the director directly owned 156,494 shares of the company's stock, valued at approximately $26,732,305.08. This trade represents a 22.40% decrease in their ownership of the stock. The sale 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 bought 1,579,080 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the acquisition, the insider owned 4,158,517 shares of the company's stock, valued at $658,376,411.44. This trade represents a 61.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 73,725 shares of company stock valued at $12,501,561 over the last 90 days. 53.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on TKO. JPMorgan Chase & Co. raised their price objective on TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Susquehanna initiated coverage on TKO Group in a report on Monday, April 28th. They set a "positive" rating and a $180.00 price target for the company. Northcoast Research lowered TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday, July 10th. Guggenheim lifted their price target on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Sanford C. Bernstein assumed coverage on TKO Group in a research note on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price objective on the stock. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $171.33.

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.