Petrus Trust Company LTA Purchases Shares of 4,313 TKO Group Holdings, Inc. $TKO

Key Points

• Petrus Trust Company LTA has acquired 4,313 shares of TKO Group Holdings, Inc., valued at approximately $659,000, during the first quarter of the year.
• Director Nick Khan sold 9,519 shares at an average price of $186.43, reducing his stake in the company by 6.48% to around $25.6 million in total holdings.
• TKO Group recently declared a quarterly dividend of $0.76 per share, up significantly from the previous $0.38 dividend, indicating positive growth and shareholder returns.

Petrus Trust Company LTA purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,313 shares of the company's stock, valued at approximately $659,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hemington Wealth Management lifted its stake in shares of TKO Group by 425.0% during the first quarter. Hemington Wealth Management now owns 168 shares of the company's stock valued at $25,000 after buying an additional 136 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of TKO Group during the first quarter valued at approximately $26,000. Sentry Investment Management LLC purchased a new position in shares of TKO Group during the first quarter valued at approximately $25,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of TKO Group during the first quarter valued at approximately $27,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of TKO Group by 129.8% during the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock valued at $33,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 89.79% of the company's stock.

Insider Transactions at TKO Group

In other news, Director Nick Khan sold 9,519 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $186.43, for a total value of $1,774,627.17. Following the completion of the sale, the director owned 137,456 shares of the company's stock, valued at approximately $25,625,922.08. The trade was a 6.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have sold 73,725 shares of company stock worth $12,767,807. Insiders own 61.30% of the company's stock.

TKO Group Stock Performance

NYSE:TKO opened at $193.75 on Friday. The firm's 50 day moving average is $176.78 and its two-hundred day moving average is $163.88. TKO Group Holdings, Inc. has a fifty-two week low of $113.16 and a fifty-two week high of $195.63. 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 has a market cap of $38.42 billion, a P/E ratio of 80.06 and a beta of 0.79.

TKO Group (NYSE:TKO - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.06). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the business posted $0.72 EPS. The business's revenue was up 53.7% on a year-over-year basis. Analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.76 per share. This is a positive change from TKO Group's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.04 annualized dividend and a yield of 1.6%. TKO Group's payout ratio is presently 62.81%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TKO. Guggenheim upped their price objective on shares of TKO Group from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Citigroup raised their target price on shares of TKO Group from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Bank of America raised their target price on shares of TKO Group from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Roth Capital increased their price target on shares of TKO Group from $208.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Finally, Northcoast Research downgraded shares of TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.21.

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.

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