Stablepoint Partners LLC Acquires 2,628 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Stablepoint Partners LLC grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 45.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,371 shares of the company's stock after buying an additional 2,628 shares during the quarter. Stablepoint Partners LLC's holdings in TKO Group were worth $1,279,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TKO. Vanguard Group Inc. grew its stake in TKO Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock worth $949,449,000 after buying an additional 114,096 shares in the last quarter. Independent Franchise Partners LLP raised its holdings in TKO Group by 7.4% during the 4th quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock valued at $484,473,000 after buying an additional 235,420 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in TKO Group by 2.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock worth $249,047,000 after purchasing an additional 47,768 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of TKO Group by 57.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock valued at $238,574,000 after buying an additional 611,178 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of TKO Group by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,255,099 shares of the company's stock valued at $178,777,000 after buying an additional 13,181 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Price Performance

TKO stock traded up $1.22 during trading hours on Tuesday, hitting $164.55. 834,445 shares of the stock traded hands, compared to its average volume of 1,116,553. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a one year low of $100.76 and a one year high of $179.09. The company has a market cap of $32.56 billion, a P/E ratio of -391.78 and a beta of 0.70. The stock has a 50-day simple moving average of $157.00 and a 200 day simple moving average of $152.11.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned ($1.26) EPS. The firm's revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, June 13th. TKO Group's dividend payout ratio is presently 77.16%.

Wall Street Analysts Forecast Growth

TKO has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price objective on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Pivotal Research reiterated a "buy" rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Susquehanna initiated coverage on shares of TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 price objective on the stock. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Finally, Guggenheim lifted their price objective on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $168.08.

Insider Activity

In other news, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average price of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the acquisition, the insider now directly owns 4,158,517 shares in the company, valued at approximately $658,376,411.44. The trade was a 61.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sonya E. Medina acquired 233 shares of the business's stock in a transaction dated Monday, March 17th. The shares were acquired at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at $285,860. This represents a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 1,580,293 shares of company stock worth $250,199,446. Company insiders own 61.30% of the company's stock.

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.