Two Sigma Investments LP Purchases 60,478 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Two Sigma Investments LP grew its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 19.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 366,867 shares of the company's stock after buying an additional 60,478 shares during the period. Two Sigma Investments LP owned approximately 0.21% of TKO Group worth $52,135,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group during the fourth quarter worth about $32,000. Game Plan Financial Advisors LLC lifted its holdings in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock valued at $35,000 after purchasing an additional 155 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of TKO Group during the 4th quarter valued at about $38,000. Finally, UMB Bank n.a. grew its position in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after purchasing an additional 115 shares during the period. Institutional investors own 89.79% of the company's stock.

TKO Group Trading Up 0.3%

TKO Group stock opened at $163.96 on Tuesday. The company has a market cap of $28.07 billion, a price-to-earnings ratio of -390.38 and a beta of 0.73. The firm has a 50-day moving average of $153.43 and a 200-day moving average of $148.06. 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 Holdings, Inc. has a one year low of $100.76 and a one year high of $179.09.

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

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 0.93%. TKO Group's dividend payout ratio is presently 77.16%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TKO. Pivotal Research restated a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. The Goldman Sachs Group upped 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. Finally, Guggenheim lifted their price target on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $164.25.

Insider Buying and Selling

In related news, Director Jonathan Kraft bought 3,500 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the purchase, the director now owns 23,500 shares in the company, valued at $3,306,215. This represents a 17.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sonya E. Medina acquired 233 shares of the business's stock in a transaction on Monday, March 17th. The shares were bought at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $285,860. The trade was a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 23,733 shares of company stock worth $3,561,318. Insiders own 61.30% of the company's stock.

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.

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