Teza Capital Management LLC Buys New Holdings in TKO Group Holdings, Inc. $TKO

Key Points

• Teza Capital Management LLC has made a new investment of approximately $583,000 in TKO Group Holdings, purchasing 3,815 shares during the first quarter.
• Several hedge funds have increased their stakes in TKO Group, with institutional investors owning nearly 90% of the company's stock.
• TKO Group recently announced a quarterly dividend increase to $0.76 per share, up from $0.38, reflecting a strong financial position with an annual yield of 1.6%.

Teza Capital Management LLC bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,815 shares of the company's stock, valued at approximately $583,000.

Other hedge funds have also modified their holdings of the company. Sentry Investment Management LLC acquired a new stake in shares of TKO Group in the first quarter valued at about $25,000. Hemington Wealth Management grew its holdings in shares of TKO Group by 425.0% in the first quarter. Hemington Wealth Management now owns 168 shares of the company's stock valued at $25,000 after purchasing an additional 136 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of TKO Group in the first quarter valued at about $26,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of TKO Group in the first quarter valued at about $27,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of TKO Group by 129.8% in the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock valued at $33,000 after purchasing an additional 122 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TKO shares. Northcoast Research lowered shares of TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday, July 10th. Guggenheim upped their price objective on shares of TKO Group from $200.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. UBS Group upped their price objective on shares of TKO Group from $195.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Citigroup upped their price objective on shares of TKO Group from $200.00 to $225.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Bank of America increased their target price on shares of TKO Group from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $192.21.

Insider Activity at TKO Group

In other news, Director Nick Khan sold 45,168 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $170.82, for a total value of $7,715,597.76. Following the completion of the transaction, the director owned 156,494 shares of the company's stock, valued at approximately $26,732,305.08. This trade represents a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 73,725 shares of company stock valued at $12,767,807 over the last ninety days. Company insiders own 61.30% of the company's stock.

TKO Group Stock Down 0.5%

Shares of NYSE TKO traded down $1.11 during midday trading on Friday, hitting $201.13. The company's stock had a trading volume of 436,768 shares, compared to its average volume of 1,231,360. The business's fifty day simple moving average is $178.43 and its two-hundred day simple moving average is $164.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. TKO Group Holdings, Inc. has a 1 year low of $114.01 and a 1 year high of $204.10. The firm has a market capitalization of $39.88 billion, a price-to-earnings ratio of 83.10 and a beta of 0.79.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the business posted $0.72 EPS. The company's revenue for the quarter was up 53.7% compared to the same quarter last year. On average, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

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

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.