Securian Asset Management Inc. Has $539,000 Position in TKO Group Holdings, Inc. (NYSE:TKO)

Securian Asset Management Inc. trimmed its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 29.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,526 shares of the company's stock after selling 1,504 shares during the quarter. Securian Asset Management Inc.'s holdings in TKO Group were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Sentry Investment Management LLC acquired a new position in TKO Group during the first quarter valued at approximately $25,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of TKO Group in the 1st quarter valued at approximately $27,000. Farther Finance Advisors LLC raised its position in shares of TKO Group by 129.8% in the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock valued at $33,000 after buying an additional 122 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of TKO Group by 229.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the company's stock valued at $37,000 after purchasing an additional 170 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of TKO Group during the 1st quarter valued at approximately $38,000. 89.79% of the stock is owned by institutional investors.

Insider Transactions at TKO Group

In other news, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the purchase, the insider owned 4,158,517 shares in the company, valued at approximately $658,376,411.44. This represents a 61.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nick Khan sold 9,519 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $176.96, for a total value of $1,684,482.24. Following the transaction, the director owned 201,665 shares in the company, valued at $35,686,638.40. The trade was a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 61.30% of the company's stock.

TKO Group Price Performance

NYSE TKO opened at $169.49 on Friday. The stock has a market cap of $33.54 billion, a price-to-earnings ratio of 86.03 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.25 and a current ratio of 1.25. TKO Group Holdings, Inc. has a 52-week low of $102.46 and a 52-week high of $182.60. The business has a 50 day simple moving average of $167.73 and a 200 day simple moving average of $157.90.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. TKO Group had a return on equity of 2.52% and a net margin of 4.98%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted ($1.26) earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. Analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on TKO. Northcoast Research downgraded shares of TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. increased their target price on shares of TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Susquehanna began coverage on shares of TKO Group in a research report on Monday, April 28th. They issued a "positive" rating and a $180.00 price objective for the company. Sanford C. Bernstein assumed coverage on shares of TKO Group in a research report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 target price for the company. Finally, Guggenheim boosted their price objective on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, TKO Group has a consensus rating of "Moderate Buy" and a consensus target price of $168.08.

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.

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