Nuveen LLC Makes New $31.77 Million Investment in TKO Group Holdings, Inc. $TKO

Key Points

• Nuveen LLC acquired approximately 207,894 shares of TKO Group Holdings, valued at about $31.77 million, representing 0.12% of the company's stock.
• Major shareholder Lake West Voteco L.L.C Silver significantly increased their holdings by purchasing 1.58 million shares for nearly $250 million, boosting their ownership by over 61%.
• TKO Group's latest earnings report indicated earnings per share of $1.17, falling short of expectations, although revenue increased by 53.7% year-over-year.

Nuveen LLC acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 207,894 shares of the company's stock, valued at approximately $31,768,000. Nuveen LLC owned about 0.12% of TKO Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TKO. Sentry Investment Management LLC acquired a new position in shares of TKO Group during the 1st quarter worth about $25,000. Hemington Wealth Management lifted its position in shares of TKO Group by 425.0% during the 1st quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after purchasing an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of TKO Group during the 1st quarter worth about $26,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of TKO Group during the 1st quarter worth about $27,000. Finally, Farther Finance Advisors LLC lifted its position in shares of TKO Group by 129.8% during the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock worth $33,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Buying and Selling

In other news, Director Nick Khan sold 45,168 shares of TKO Group stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $170.82, for a total value of $7,715,597.76. Following the completion of the sale, the director directly owned 156,494 shares in the company, valued at approximately $26,732,305.08. The trade was a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lake West Voteco L.L.C Silver acquired 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 owned 4,158,517 shares of the company's stock, valued at approximately $658,376,411.44. This represents a 61.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 73,725 shares of company stock worth $12,501,561. Company insiders own 61.30% of the company's stock.

Wall Street Analyst Weigh In

TKO has been the subject of several research analyst reports. Northcoast Research cut TKO Group from a "buy" rating to a "neutral" rating in a research report on Thursday, July 10th. Susquehanna started coverage on TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 price target for the company. Guggenheim upped their price target on TKO Group from $200.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. upped their price target on TKO Group from $182.00 to $212.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Roth Capital increased their target price on TKO Group from $208.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $189.69.

TKO Group Trading Up 0.8%

TKO Group stock traded up $1.4710 during mid-day trading on Thursday, hitting $184.0810. 203,671 shares of the company's stock were exchanged, compared to its average volume of 1,277,887. The firm has a market capitalization of $36.50 billion, a P/E ratio of 76.13 and a beta of 0.72. TKO Group Holdings, Inc. has a fifty-two week low of $113.16 and a fifty-two week high of $194.76. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. The company's 50 day simple moving average is $173.23 and its 200-day simple moving average is $162.37.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.06). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business earned $0.72 EPS. The business's revenue for the quarter was up 53.7% compared to the same quarter last year. On average, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors 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 dividend on an annualized basis and a yield of 0.8%. TKO Group's dividend payout ratio (DPR) is presently 62.81%.

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.