TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by National Bank of Canada FI

Key Points

• National Bank of Canada FI significantly increased its holdings in TKO Group by 112,928.3%, acquiring an additional 51,947 shares, bringing its total stake to worth approximately $7.94 million.
• TKO Group reported a quarterly EPS of $1.17, falling short of the expected $1.23, despite achieving a revenue of $1.31 billion, which exceeded analyst estimates.
• The company announced a quarterly dividend of $0.38 per share, representing an annualized dividend of $1.52 with a yield of 0.8%.

National Bank of Canada FI boosted its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 112,928.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,993 shares of the company's stock after buying an additional 51,947 shares during the period. National Bank of Canada FI's holdings in TKO Group were worth $7,945,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TKO. Focus Partners Advisor Solutions LLC increased its position in TKO Group by 3.6% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock worth $261,000 after buying an additional 63 shares during the last quarter. Simon Quick Advisors LLC increased its stake in shares of TKO Group by 1.1% in the first quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company's stock worth $1,155,000 after purchasing an additional 82 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in TKO Group by 2.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,160 shares of the company's stock worth $449,000 after buying an additional 90 shares during the period. Utah Retirement Systems grew its stake in TKO Group by 2.4% in the 4th quarter. Utah Retirement Systems now owns 4,300 shares of the company's stock valued at $611,000 after buying an additional 100 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. raised its holdings in TKO Group by 3.2% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 3,210 shares of the company's stock valued at $491,000 after acquiring an additional 100 shares during the period. Institutional investors own 89.79% of the company's stock.

TKO Group Stock Up 0.0%

NYSE:TKO traded up $0.02 during midday trading on Thursday, reaching $191.30. The company had a trading volume of 1,159,864 shares, compared to its average volume of 1,053,898. TKO Group Holdings, Inc. has a 12-month low of $113.16 and a 12-month high of $194.76. The firm has a market capitalization of $37.86 billion, a price-to-earnings ratio of 79.05 and a beta of 0.72. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The stock's fifty day simple moving average is $171.58 and its 200-day simple moving average is $161.58.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.06). The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.23 billion. TKO Group had a return on equity of 2.82% and a net margin of 5.40%. The business's quarterly revenue was up 53.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. On average, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, June 13th. TKO Group's dividend payout ratio (DPR) is currently 62.81%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Susquehanna began coverage on shares of TKO Group in a research note on Monday, April 28th. They issued a "positive" rating and a $180.00 target price on the stock. Roth Capital set a $210.00 target price on shares of TKO Group and gave the stock a "buy" rating in a research report on Tuesday. Guggenheim lifted their price objective on TKO Group from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Wednesday. Sanford C. Bernstein assumed coverage on TKO Group in a research report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 price target on the stock. Finally, UBS Group increased their price objective on TKO Group from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.15.

Insider Buying and Selling

In other news, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were bought at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the acquisition, the insider owned 4,158,517 shares in the company, valued at $658,376,411.44. This trade represents a 61.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nick Khan sold 9,519 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $167.36, for a total transaction of $1,593,099.84. Following the completion of the sale, the director directly owned 146,975 shares of the company's stock, valued at $24,597,736. The trade was a 6.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,725 shares of company stock worth $12,501,561 in the last ninety days. 61.30% of the stock is owned by corporate insiders.

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.