UniSuper Management Pty Ltd Invests $1.73 Million in TKO Group Holdings, Inc. $TKO

Key Points

• UniSuper Management Pty Ltd invested approximately $1.73 million in TKO Group Holdings, purchasing 11,329 shares during the first quarter.
• Several analysts rated TKO Group with a consensus of "Moderate Buy" and set an average target price of $192.21 for the stock.
• TKO Group recently announced an increase in its quarterly dividend to $0.76, with an annualized yield of 1.6%, due to positive revenue growth.

UniSuper Management Pty Ltd purchased a new position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,329 shares of the company's stock, valued at approximately $1,731,000.

A number of other large investors also recently modified their holdings of TKO. Baird Financial Group Inc. lifted its position 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 worth $286,000 after buying an additional 413 shares during the last quarter. Cetera Investment Advisers grew its holdings 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 valued at $1,290,000 after purchasing an additional 1,095 shares during the last quarter. Deutsche Bank AG grew its holdings 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 valued at $14,529,000 after purchasing an additional 95,537 shares during the last quarter. Ethic Inc. grew its holdings in shares of TKO Group by 148.4% during the fourth quarter. Ethic Inc. now owns 7,624 shares of the company's stock valued at $1,083,000 after purchasing an additional 4,555 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its holdings in shares of TKO Group by 13.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 26,710 shares of the company's stock valued at $3,796,000 after purchasing an additional 3,160 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on TKO shares. Sanford C. Bernstein started coverage on TKO Group in a report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 target price for the company. Roth Capital lifted their price objective on shares of TKO Group from $208.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. UBS Group boosted their target price on shares of TKO Group from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Guggenheim boosted their target price on shares of TKO Group from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley reissued an "outperform" rating on shares of TKO Group in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, TKO Group has a consensus rating of "Moderate Buy" and an average target price of $192.21.

TKO Group Trading Down 0.6%

TKO Group stock opened at $195.19 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $177.91 and a two-hundred day moving average price of $164.61. The firm has a market capitalization of $38.71 billion, a price-to-earnings ratio of 80.66 and a beta of 0.79. TKO Group Holdings, Inc. has a 52-week low of $113.16 and a 52-week high of $200.71.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $0.72 earnings per share. The firm's quarterly revenue was up 53.7% compared to the same quarter last year. Sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.6%. This is a positive change from TKO Group's previous quarterly dividend of $0.38. The ex-dividend date is Monday, September 15th. TKO Group's payout ratio is currently 62.81%.

Insiders Place Their Bets

In other TKO Group news, Director Nick Khan sold 9,519 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $25,625,922.08. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 73,725 shares of company stock valued at $12,767,807 in the last three months. Corporate insiders own 61.30% of the company's stock.

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.

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