Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in TKO Group Holdings, Inc. (NYSE:TKO)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 29,440 shares of TKO Group Holdings, valued at approximately $4.5 million, during the first quarter.
• Major shareholder Lake West Voteco L.L.C significantly increased its position, purchasing over 1.5 million shares worth nearly $250 million.
• TKO Group recently declared a quarterly dividend of $0.38 per share, resulting in an annualized yield of 0.89% with a payout ratio of 77.16%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 29,440 shares of the company's stock, valued at approximately $4,499,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC increased its holdings in TKO Group by 10.0% during the 4th quarter. LPL Financial LLC now owns 37,518 shares of the company's stock worth $5,332,000 after purchasing an additional 3,426 shares in the last quarter. Norges Bank bought a new position in shares of TKO Group in the fourth quarter worth $104,613,000. New Age Alpha Advisors LLC bought a new position in shares of TKO Group in the fourth quarter worth $520,000. Pictet Asset Management Holding SA increased its holdings in shares of TKO Group by 5.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,604 shares of the company's stock worth $1,365,000 after purchasing an additional 481 shares during the period. Finally, Orion Portfolio Solutions LLC bought a new position in TKO Group in the fourth quarter valued at $483,000. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Up 0.5%

Shares of NYSE TKO traded up $0.86 on Monday, reaching $170.91. 534,845 shares of the company's stock traded hands, compared to its average volume of 767,392. TKO Group Holdings, Inc. has a 12 month low of $102.46 and a 12 month high of $182.60. The business's 50 day simple moving average is $168.69 and its two-hundred day simple moving average is $159.45. The company has a market cap of $33.82 billion, a price-to-earnings ratio of 86.76 and a beta of 0.73. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.29.

TKO Group (NYSE:TKO - Get Free Report) last announced its earnings results 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 net margin of 4.98% and a return on equity of 2.52%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned ($1.26) earnings per share. The business's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group's dividend payout ratio (DPR) is currently 77.16%.

Insider Activity at TKO Group

In other news, Director Peter C. B. Bynoe purchased 980 shares of TKO Group stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average price of $169.59 per share, with a total value of $166,198.20. Following the completion of the transaction, the director directly owned 2,747 shares of the company's stock, valued at approximately $465,863.73. The trade was a 55.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of $158.32 per share, for a total transaction of $249,999,945.60. Following the purchase, the insider directly owned 4,158,517 shares in the company, valued at approximately $658,376,411.44. The trade was a 61.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 73,725 shares of company stock valued at $12,501,561 over the last 90 days. Corporate insiders own 53.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. The Goldman Sachs Group increased their target price on TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Northcoast Research cut TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday, July 10th. Susquehanna began coverage on TKO Group in a research note on Monday, April 28th. They set a "positive" rating and a $180.00 price objective on the stock. Sanford C. Bernstein began coverage on TKO Group in a research note on Wednesday, June 4th. They set an "outperform" rating and a $190.00 price objective on the stock. Finally, Guggenheim raised their price objective on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.33.

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.