TKO Group Holdings, Inc. $TKO Shares Sold by Triavera Capital LLC

Key Points

• Triavera Capital LLC has reduced its stake in TKO Group Holdings by 7.2%, now holding 59,127 shares, which accounts for approximately 5.2% of its portfolio, valued at around $9 million.
• Several institutions, including BNP Paribas and Deutsche Bank AG, have increased their stakes in TKO Group, highlighting strong institutional interest as 89.79% of the stock is owned by hedge funds and institutional investors.
• TKO Group announced a quarterly dividend increase from $0.38 to $0.76, indicating a strong financial position, with a current dividend yield of 1.6% and a payout ratio of 62.81%.

Triavera Capital LLC lowered its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 7.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,127 shares of the company's stock after selling 4,600 shares during the quarter. TKO Group accounts for about 5.2% of Triavera Capital LLC's portfolio, making the stock its 11th largest position. Triavera Capital LLC's holdings in TKO Group were worth $9,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TKO. BNP Paribas Financial Markets purchased a new stake in TKO Group during the 4th quarter worth about $10,579,000. Baird Financial Group Inc. boosted its stake in shares of TKO Group by 25.8% in the 4th quarter. Baird Financial Group Inc. now owns 2,014 shares of the company's stock valued at $286,000 after buying an additional 413 shares during the period. Cetera Investment Advisers grew its position in shares of TKO Group by 13.7% during the fourth quarter. Cetera Investment Advisers now owns 9,074 shares of the company's stock worth $1,290,000 after buying an additional 1,095 shares in the last quarter. Deutsche Bank AG increased its stake in shares of TKO Group by 1,425.9% during the fourth quarter. Deutsche Bank AG now owns 102,237 shares of the company's stock worth $14,529,000 after buying an additional 95,537 shares during the period. Finally, Ethic Inc. raised its holdings in TKO Group by 148.4% in the fourth quarter. Ethic Inc. now owns 7,624 shares of the company's stock valued at $1,083,000 after acquiring an additional 4,555 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on TKO. Morgan Stanley reiterated an "outperform" rating on shares of TKO Group in a research note on Sunday, August 10th. Robert W. Baird initiated coverage on shares of TKO Group in a research report on Friday. They set an "outperform" rating and a $225.00 price objective for the company. Bank of America boosted 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. Roth Capital increased their target price on TKO Group from $208.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Finally, Guggenheim raised their price target on TKO Group from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, TKO Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.21.

Insider Buying and Selling at TKO Group

In related news, Director Nick Khan sold 9,519 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $186.43, for a total value of $1,774,627.17. Following the completion of the sale, the director directly owned 137,456 shares of the company's stock, valued at $25,625,922.08. This represents a 6.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 73,725 shares of company stock valued at $12,767,807. 61.30% of the stock is currently owned by insiders.

TKO Group Stock Up 1.9%

Shares of NYSE:TKO opened at $193.75 on Friday. The firm has a 50 day simple moving average of $176.78 and a 200-day simple moving average of $163.88. TKO Group Holdings, Inc. has a twelve month low of $113.16 and a twelve month high of $195.63. 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 company has a market capitalization of $38.42 billion, a PE ratio of 80.06 and a beta of 0.79.

TKO Group (NYSE:TKO - Get Free Report) last posted 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 net margin of 5.40% and a return on equity of 2.82%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period last year, the business earned $0.72 earnings per share. The company's quarterly revenue was up 53.7% on a year-over-year basis. On average, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. This is an increase from TKO Group's previous quarterly dividend of $0.38. TKO Group's dividend payout ratio (DPR) is presently 62.81%.

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.

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