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Charles Schwab Investment Management Inc. Acquires 176,226 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

TKO Group logo with Consumer Discretionary background

Charles Schwab Investment Management Inc. lifted its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 37.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 645,515 shares of the company's stock after acquiring an additional 176,226 shares during the period. Charles Schwab Investment Management Inc. owned 0.38% of TKO Group worth $98,641,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC grew its stake in shares of TKO Group by 3.6% in the 4th 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 grew its stake in shares of TKO Group by 1.1% in the 1st quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company's stock worth $1,155,000 after buying an additional 82 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in shares of 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 last quarter. Utah Retirement Systems grew its stake in shares of TKO Group by 2.4% in the 4th quarter. Utah Retirement Systems now owns 4,300 shares of the company's stock worth $611,000 after buying an additional 100 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its stake in shares of TKO Group by 3.2% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 3,210 shares of the company's stock worth $491,000 after buying an additional 100 shares during the last quarter. Institutional investors own 89.79% of the company's stock.

TKO Group Stock Performance

TKO Group stock traded up $0.02 during 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 52 week low of $113.16 and a 52 week high of $194.76. The firm's 50-day simple moving average is $171.58 and its 200 day simple moving average is $161.58. 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.

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

TKO Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on TKO shares. Northcoast Research downgraded TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday, July 10th. Guggenheim upped their price target on TKO Group from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Morgan Stanley reiterated an "outperform" rating on shares of TKO Group in a research note on Sunday. Finally, Susquehanna initiated coverage on TKO Group in a research note on Monday, April 28th. They set a "positive" rating and a $180.00 target price on the stock. Two equities 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $183.15.

Check Out Our Latest Stock Report on TKO Group

Insider Buying and Selling

In related news, Director Peter C. B. Bynoe bought 980 shares of the firm'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 acquisition, the director owned 2,747 shares in the company, valued at $465,863.73. This trade represents a 55.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average cost of $158.32 per share, for a total transaction 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 disclosure for this purchase can be found here. In the last three months, insiders have sold 73,725 shares of company stock valued at $12,501,561. 61.30% of the stock is owned by company insiders.

TKO Group Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for TKO Group (NYSE:TKO)

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