Neo Ivy Capital Management Purchases New Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Neo Ivy Capital Management bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,178 shares of the company's stock, valued at approximately $309,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after acquiring an additional 151 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group during the 4th quarter worth approximately $32,000. Game Plan Financial Advisors LLC boosted its stake in TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock valued at $35,000 after purchasing an additional 155 shares during the period. SBI Securities Co. Ltd. bought a new position in TKO Group during the fourth quarter valued at about $38,000. Finally, UMB Bank n.a. lifted its position in shares of TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

Insider Activity at TKO Group

In related news, Director Jonathan Kraft bought 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $151.78 per share, for a total transaction of $3,035,600.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $3,035,600. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sonya E. Medina bought 233 shares of the business's stock in a transaction dated Monday, March 17th. The shares were purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $285,860. This represents a 13.19% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 23,733 shares of company stock worth $3,561,318. 61.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TKO. Morgan Stanley increased their price objective on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. The Goldman Sachs Group lifted their price target on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Susquehanna assumed coverage on shares of TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 price target for the company. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Two 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. Based on data from MarketBeat, TKO Group presently has an average rating of "Moderate Buy" and an average target price of $166.25.

TKO Group Stock Down 0.4%

TKO Group stock traded down $0.67 during mid-day trading on Friday, hitting $156.08. The company had a trading volume of 161,816 shares, compared to its average volume of 1,110,099. The company has a market capitalization of $26.72 billion, a PE ratio of -371.55 and a beta of 0.73. The stock's 50 day moving average price is $155.32 and its two-hundred day moving average price is $149.85. TKO Group Holdings, Inc. has a 12 month low of $100.76 and a 12 month high of $179.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.07 billion. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. TKO Group's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned ($1.26) EPS. As a group, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.97%. TKO Group's dividend payout ratio (DPR) is presently 77.16%.

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.