Nissay Asset Management Corp Japan ADV Buys 3,390 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Nissay Asset Management Corp Japan ADV grew its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 53.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,777 shares of the company's stock after purchasing an additional 3,390 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in TKO Group were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marathon Partners Equity Management LLC acquired a new stake in shares of TKO Group during the fourth quarter valued at about $16,201,000. Moore Capital Management LP raised its holdings in TKO Group by 1,625.0% in the 4th quarter. Moore Capital Management LP now owns 418,286 shares of the company's stock valued at $59,443,000 after buying an additional 394,038 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in TKO Group during the 4th quarter worth approximately $2,585,000. Jefferies Financial Group Inc. acquired a new stake in TKO Group during the 4th quarter worth approximately $500,000. Finally, Ensign Peak Advisors Inc grew its holdings in TKO Group by 13.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 26,710 shares of the company's stock worth $3,796,000 after acquiring an additional 3,160 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

TKO Group Trading Up 1.0%

TKO traded up $1.55 during trading on Friday, hitting $157.78. The company's stock had a trading volume of 434,245 shares, compared to its average volume of 1,104,939. The firm has a market capitalization of $27.01 billion, a P/E ratio of -375.43 and a beta of 0.73. TKO Group Holdings, Inc. has a twelve month low of $100.76 and a twelve month high of $179.09. The stock's fifty day moving average price is $154.50 and its 200-day moving average price is $148.51. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.14. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business posted ($1.26) EPS. TKO Group's revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 0.96%. TKO Group's dividend payout ratio is currently 77.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TKO. Guggenheim lifted their price target 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. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Susquehanna initiated coverage on TKO Group in a research note on Monday, April 28th. They issued a "positive" rating and a $180.00 price target for the company. Finally, Morgan Stanley raised their price objective on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, eleven have issued 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 $166.25.

Insider Activity

In other news, Director Jonathan Kraft acquired 3,500 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the acquisition, the director now directly owns 23,500 shares in the company, valued at $3,306,215. The trade was a 17.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Sonya E. Medina bought 233 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the acquisition, the director now 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 90 days, insiders have purchased 23,733 shares of company stock worth $3,561,318. 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.