Retireful LLC Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

Retireful LLC purchased a new position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,259 shares of the company's stock, valued at approximately $787,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after buying an additional 151 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of TKO Group in the first quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of TKO Group by 229.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the company's stock worth $37,000 after buying an additional 170 shares during the period. Game Plan Financial Advisors LLC raised its holdings in shares of TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after buying an additional 155 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of TKO Group in the fourth quarter worth approximately $38,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Sanford C. Bernstein assumed coverage on TKO Group in a report on Wednesday. They set an "outperform" rating and a $190.00 price objective on the stock. Guggenheim lifted their price target on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday, May 9th. Benchmark reiterated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Pivotal Research reiterated a "buy" rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Finally, Morgan Stanley lifted their price target on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $168.08.

TKO Group Stock Up 1.8%

TKO stock traded up $2.96 on Thursday, hitting $168.86. 871,689 shares of the company's stock were exchanged, compared to its average volume of 1,114,316. TKO Group Holdings, Inc. has a 12-month low of $100.76 and a 12-month high of $179.09. The firm has a 50 day moving average price of $156.37 and a two-hundred day moving average price of $151.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $33.42 billion, a P/E ratio of -402.04 and a beta of 0.73.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly 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. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the firm posted ($1.26) EPS. The firm's revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.90%. TKO Group's dividend payout ratio is currently 77.16%.

Insiders Place Their Bets

In other news, Director Nick Khan sold 9,519 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $158.46, for a total value of $1,508,380.74. Following the completion of the transaction, the director now owns 210,967 shares of the company's stock, valued at $33,429,830.82. The trade was a 4.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonathan Kraft acquired 3,500 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $140.69 per share, with a total value of $492,415.00. Following the acquisition, the director now owns 23,500 shares in the company, valued at approximately $3,306,215. This trade represents a 17.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,582,813 shares of company stock valued at $250,525,663. 61.30% of the stock is owned by company insiders.

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.