Nkcfo LLC Invests $382,000 in TKO Group Holdings, Inc. (NYSE:TKO)

Key Points

• Nkcfo LLC has acquired 2,500 shares of TKO Group Holdings, Inc., valued at approximately $382,000, during the first quarter.
• Despite some insider selling, 53.80% of TKO Group's stock is owned by insiders, with significant transactions indicating varied confidence in the company.
• TKO Group recently declared a quarterly dividend of $0.38 per share, translating to an annual yield of 0.89%, with a dividend payout ratio of 77.16%.

Nkcfo LLC bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,500 shares of the company's stock, valued at approximately $382,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TKO. Focus Partners Advisor Solutions LLC increased its holdings in shares of TKO Group by 3.6% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock worth $261,000 after buying an additional 63 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of TKO Group by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 26,174 shares of the company's stock worth $3,720,000 after buying an additional 78 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in shares of TKO Group by 1.1% during the first quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company's stock worth $1,155,000 after buying an additional 82 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of TKO Group by 2.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,160 shares of the company's stock worth $449,000 after buying an additional 90 shares in the last quarter. Finally, Utah Retirement Systems increased its holdings in shares of TKO Group by 2.4% during the fourth quarter. Utah Retirement Systems now owns 4,300 shares of the company's stock worth $611,000 after buying an additional 100 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Stock Up 0.5%

NYSE TKO traded up $0.86 during trading hours 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. TKO Group Holdings, Inc. has a 52 week low of $102.46 and a 52 week high of $182.60. The company has a market capitalization 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 company's 50-day simple moving average is $168.69 and its two-hundred day simple moving average is $159.45.

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

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 annualized dividend and a yield of 0.89%. TKO Group's dividend payout ratio (DPR) is 77.16%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TKO. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Sanford C. Bernstein initiated coverage on TKO Group in a report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price objective for the company. Guggenheim increased their price objective on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group increased their price objective on TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a report on Monday, May 12th. Finally, Northcoast Research downgraded TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday, July 10th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $171.33.

Insider Buying and Selling at TKO Group

In other TKO Group news, Director Nick Khan sold 9,519 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $167.36, for a total value of $1,593,099.84. Following the completion of the sale, the director owned 146,975 shares in the company, valued at approximately $24,597,736. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter C. B. Bynoe acquired 980 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was purchased at an average price of $169.59 per share, with a total value of $166,198.20. Following the purchase, the director owned 2,747 shares in the company, valued at approximately $465,863.73. The trade was a 55.46% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 73,725 shares of company stock worth $12,501,561. Insiders own 53.80% of the company's stock.

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.