Roundview Capital LLC Sells 4,164 Shares of TKO Group Holdings, Inc. $TKO

Key Points

• Roundview Capital LLC has reduced its stake in TKO Group Holdings by 18.6%, now holding 18,227 shares after selling 4,164 shares in the second quarter.
• TKO Group Holdings recently announced an increase in its dividend from $0.38 to $0.76, representing an annualized yield of 1.5%.
• Analysts have set a new consensus target price of $206.07 for TKO Group, with a majority rating it as a Moderate Buy.

Roundview Capital LLC decreased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 18.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,227 shares of the company's stock after selling 4,164 shares during the quarter. Roundview Capital LLC's holdings in TKO Group were worth $3,316,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hemington Wealth Management grew 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 last quarter. N.E.W. Advisory Services LLC bought a new position in TKO Group in the 1st quarter worth about $26,000. Bartlett & CO. Wealth Management LLC bought a new position in TKO Group in the 1st quarter worth about $27,000. Farther Finance Advisors LLC grew its stake in TKO Group by 129.8% in the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock worth $33,000 after acquiring an additional 122 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in TKO Group in the 1st quarter worth about $38,000. Institutional investors own 89.79% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TKO shares. Citigroup upped their target price on shares of TKO Group from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Guggenheim upped their target price on shares of TKO Group from $205.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday. Seaport Res Ptn downgraded shares of TKO Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Morgan Stanley upped their target price on shares of TKO Group from $165.00 to $205.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 25th. Finally, Roth Capital upped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, TKO Group has an average rating of "Moderate Buy" and a consensus target price of $206.07.

Insider Activity at TKO Group

In other news, Director Peter C. B. Bynoe bought 740 shares of the stock in a transaction on Tuesday, September 16th. The stock was bought at an average cost of $203.00 per share, for a total transaction of $150,220.00. Following the completion of the purchase, the director directly owned 5,187 shares in the company, valued at approximately $1,052,961. The trade was a 16.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nick Khan sold 9,519 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $186.43, for a total transaction 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. This trade represents a 6.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,206 shares of company stock valued at $11,083,325. 53.80% of the stock is owned by insiders.

TKO Group Price Performance

NYSE TKO opened at $197.92 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30. The firm's 50 day moving average price is $188.36 and its 200-day moving average price is $171.35. TKO Group Holdings, Inc. has a 52-week low of $114.01 and a 52-week high of $212.49. The company has a market cap of $39.25 billion, a PE ratio of 81.79 and a beta of 0.76.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 earnings per share (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 for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. TKO Group's revenue for the quarter was up 53.7% on a year-over-year basis. Sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.5%. This is a positive change from TKO Group's previous quarterly dividend of $0.38. The ex-dividend date was Monday, September 15th. TKO Group's payout ratio is 125.62%.

TKO Group declared that its board has initiated a share buyback program on Monday, September 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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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