Triavera Capital LLC Makes New Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Triavera Capital LLC bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 63,727 shares of the company's stock, valued at approximately $9,056,000. TKO Group comprises 4.9% of Triavera Capital LLC's holdings, making the stock its 9th largest holding.

Other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. purchased a new stake in shares of TKO Group in the fourth quarter valued at about $3,383,000. Park Avenue Securities LLC grew its holdings in shares of TKO Group by 59.2% in the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company's stock valued at $1,848,000 after purchasing an additional 4,836 shares during the period. Sax Wealth Advisors LLC purchased a new stake in shares of TKO Group in the fourth quarter valued at about $443,000. Brooklyn Investment Group grew its holdings in shares of TKO Group by 213.0% in the fourth quarter. Brooklyn Investment Group now owns 360 shares of the company's stock valued at $51,000 after purchasing an additional 245 shares during the period. Finally, O Keefe Stevens Advisory Inc. purchased a new stake in shares of TKO Group in the fourth quarter valued at about $220,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jonathan Kraft purchased 3,500 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the purchase, the director now directly owns 23,500 shares of the company's stock, valued at $3,306,215. The trade was a 17.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sonya E. Medina purchased 233 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the purchase, the director now directly 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. Insiders have purchased 23,733 shares of company stock worth $3,561,318 in the last ninety days. 61.30% of the stock is owned by corporate insiders.

TKO Group Stock Down 1.8%

Shares of TKO traded down $2.98 during midday trading on Wednesday, reaching $159.76. The stock had a trading volume of 653,068 shares, compared to its average volume of 1,105,312. TKO Group Holdings, Inc. has a 1-year low of $100.76 and a 1-year high of $179.09. The company's fifty day simple moving average is $153.88 and its two-hundred day simple moving average is $148.17. The company has a market cap of $27.35 billion, a price-to-earnings ratio of -380.37 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned ($1.26) EPS. The company's revenue was up 3.8% on a year-over-year basis. Equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, March 14th. TKO Group's dividend payout ratio (DPR) is 77.16%.

Wall Street Analyst Weigh In

TKO has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday. The Goldman Sachs Group increased their target price on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Susquehanna started coverage on shares of TKO Group in a research note on Monday, April 28th. They set a "positive" rating and a $180.00 target price for the company. Finally, Pivotal Research reaffirmed a "buy" rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $166.25.

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.