Ninety One SA PTY Ltd Has $10.90 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Ninety One SA PTY Ltd lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,446 shares of the company's stock after acquiring an additional 2,330 shares during the period. TKO Group accounts for approximately 2.0% of Ninety One SA PTY Ltd's portfolio, making the stock its 14th biggest position. Ninety One SA PTY Ltd's holdings in TKO Group were worth $10,902,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TKO. Norges Bank acquired a new stake in shares of TKO Group during the 4th quarter worth about $104,613,000. Ameriprise Financial Inc. grew its position in TKO Group by 57.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock valued at $238,574,000 after acquiring an additional 611,178 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in TKO Group in the 1st quarter valued at about $71,834,000. Steadfast Capital Management LP grew its position in TKO Group by 146.9% in the 4th quarter. Steadfast Capital Management LP now owns 710,784 shares of the company's stock valued at $101,010,000 after acquiring an additional 422,900 shares in the last quarter. Finally, Moore Capital Management LP grew its position in TKO Group by 1,625.0% in the 4th quarter. Moore Capital Management LP now owns 418,286 shares of the company's stock valued at $59,443,000 after acquiring an additional 394,038 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

Insider Activity at TKO Group

In other TKO Group news, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the stock in a transaction on 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 transaction, the insider directly owned 4,158,517 shares in the company, valued at $658,376,411.44. This represents a 61.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter C. B. Bynoe purchased 980 shares of the stock in a transaction on Thursday, June 5th. The shares were acquired at an average cost of $169.59 per share, for a total transaction of $166,198.20. Following the transaction, the director owned 2,747 shares of the company's stock, valued at approximately $465,863.73. The trade was a 55.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 61.30% of the stock is owned by company insiders.

TKO Group Trading Up 0.3%

Shares of NYSE TKO traded up $0.57 during midday trading on Thursday, hitting $172.37. The stock had a trading volume of 521,682 shares, compared to its average volume of 1,122,389. The company's 50-day simple moving average is $167.30 and its 200 day simple moving average is $156.78. The firm has a market cap of $34.11 billion, a P/E ratio of 87.56 and a beta of 0.73. TKO Group Holdings, Inc. has a fifty-two week low of $102.46 and a fifty-two week high of $182.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.25 and a quick ratio of 1.25.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.07 billion. TKO Group had a return on equity of 2.52% and a net margin of 4.98%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.26) earnings per share. Research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Friday, June 13th. TKO Group's dividend payout ratio is currently 77.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TKO shares. Guggenheim boosted their price objective on TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. boosted 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. 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 research report on Monday, May 12th. Susquehanna initiated 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. Finally, Northcoast Research cut TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $168.08.

TKO Group 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.