SG Americas Securities LLC Boosts Stake in TKO Group Holdings, Inc. (NYSE:TKO)

SG Americas Securities LLC boosted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 189.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,599 shares of the company's stock after purchasing an additional 6,931 shares during the period. SG Americas Securities LLC's holdings in TKO Group were worth $1,620,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Focus Partners Advisor Solutions LLC raised its stake in TKO Group by 3.6% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock valued at $261,000 after buying an additional 63 shares during the last quarter. M&T Bank Corp increased its position in TKO Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company's stock valued at $389,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. increased its position in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $47,000 after acquiring an additional 73 shares during the last quarter. Bessemer Group Inc. lifted its holdings in TKO Group by 0.3% in the fourth quarter. Bessemer Group Inc. now owns 26,174 shares of the company's stock valued at $3,720,000 after acquiring an additional 78 shares during the period. Finally, US Bancorp DE boosted its position in TKO Group by 18.0% in the fourth quarter. US Bancorp DE now owns 565 shares of the company's stock worth $80,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TKO shares. Susquehanna assumed coverage on shares of TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 price target 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. Guggenheim increased their price target on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Benchmark reissued a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Finally, Morgan Stanley upped their price objective on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $168.08.

Insider Buying and Selling

In related news, Director Nick Khan sold 9,519 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $158.46, for a total transaction of $1,508,380.74. Following the completion of the transaction, the director now owns 210,967 shares in the company, valued at approximately $33,429,830.82. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter C. B. Bynoe bought 980 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were bought at an average cost of $169.59 per share, with a total value of $166,198.20. Following the completion of the purchase, the director now directly owns 2,747 shares of the company's stock, valued at $465,863.73. This represents a 55.46% increase in their position. The disclosure for this purchase can be found here. 61.30% of the stock is owned by insiders.

TKO Group Price Performance

Shares of TKO traded up $7.88 during trading hours on Thursday, reaching $175.84. 1,851,637 shares of the stock traded hands, compared to its average volume of 1,117,801. The company has a market cap of $34.80 billion, a P/E ratio of 89.26 and a beta of 0.70. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.29. The company's 50-day moving average price is $159.96 and its two-hundred day moving average price is $153.24. TKO Group Holdings, Inc. has a 52-week low of $102.46 and a 52-week high of $179.09.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.14. The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.07 billion. TKO Group had a return on equity of 2.52% and a net margin of 4.98%. The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned ($1.26) earnings per share. On average, 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 will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.86%. TKO Group's dividend payout ratio is presently 77.16%.

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.