Mutual of America Capital Management LLC lowered its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 78.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,732 shares of the company's stock after selling 27,418 shares during the period. Mutual of America Capital Management LLC's holdings in TKO Group were worth $1,182,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TKO. Vanguard Group Inc. lifted its position in TKO Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock valued at $949,449,000 after acquiring an additional 114,096 shares during the last quarter. Ninety One UK Ltd increased its holdings in shares of TKO Group by 2.1% in 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 last quarter. Independent Franchise Partners LLP grew its stake in shares of TKO Group by 7.4% in the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock valued at $484,473,000 after acquiring an additional 235,420 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group by 2.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock worth $249,047,000 after acquiring an additional 47,768 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in TKO Group by 57.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock valued at $238,574,000 after purchasing an additional 611,178 shares during the period. 89.79% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, May 12th. 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. Susquehanna assumed coverage on TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 price objective for the company. JPMorgan Chase & Co. raised their price target on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Finally, Northcoast Research cut TKO Group from a "buy" rating to a "neutral" rating in a research report on Thursday, July 10th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.33.
Check Out Our Latest Report on TKO Group
TKO Group Stock Performance
TKO traded down $2.08 on Tuesday, hitting $166.62. 762,583 shares of the stock traded hands, compared to its average volume of 1,125,579. TKO Group Holdings, Inc. has a 52 week low of $102.46 and a 52 week high of $182.60. The firm has a market capitalization of $32.98 billion, a PE ratio of 84.58 and a beta of 0.73. The business has a fifty day moving average price of $167.95 and a two-hundred day moving average price of $158.32. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.29.
TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.14. TKO Group had a return on equity of 2.52% and a net margin of 4.98%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business posted ($1.26) EPS. The firm's quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.
TKO Group Dividend Announcement
The business also recently declared 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. The ex-dividend date was Friday, June 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.91%. TKO Group's dividend payout ratio (DPR) is presently 77.16%.
Insider Activity at TKO Group
In other news, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $176.96, for a total transaction of $1,684,482.24. Following the completion of the transaction, the director directly owned 201,665 shares in the company, valued at $35,686,638.40. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were bought at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the purchase, the insider owned 4,158,517 shares in the company, valued at $658,376,411.44. The trade was a 61.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. 53.80% of the stock is currently owned by company insiders.
About TKO Group
(
Free Report)
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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