WBI Investments LLC Acquires Shares of 1,983 TKO Group Holdings, Inc. $TKO

Key Points

• WBI Investments LLC has acquired 1,983 shares of TKO Group Holdings, Inc. for approximately $303,000, reflecting growing institutional interest in the company.
• Analysts have mixed views on TKO Group, with one upgrading it to a "strong-buy" rating and another lowering it to "neutral"; the consensus rating remains a "Moderate Buy" with a target price of $192.21.
• TKO Group recently declared a quarterly dividend of $0.76 per share, significantly up from the previous $0.38, representing a 1.5% dividend yield.

WBI Investments LLC acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,983 shares of the company's stock, valued at approximately $303,000.

A number of other institutional investors have also modified their holdings of TKO. Acadian Asset Management LLC purchased a new position in shares of TKO Group in the 1st quarter valued at about $46,000. Geneos Wealth Management Inc. increased its stake in shares of TKO Group by 127.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company's stock valued at $78,000 after purchasing an additional 286 shares in the last quarter. Bluefin Capital Management LLC purchased a new position in shares of TKO Group in the 1st quarter valued at about $474,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of TKO Group by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 253,467 shares of the company's stock valued at $38,732,000 after purchasing an additional 15,713 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of TKO Group in the 1st quarter valued at about $6,138,000. Hedge funds and other institutional investors own 89.79% of the company's stock.

Wall Street Analysts Forecast Growth

TKO has been the subject of several recent analyst reports. Baird R W upgraded TKO Group to a "strong-buy" rating in a research note on Friday, September 5th. Roth Capital lifted their price target on TKO Group from $208.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Northcoast Research lowered TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday, July 10th. Sanford C. Bernstein started coverage on TKO Group in a research note on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective on TKO Group from $182.00 to $212.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, TKO Group has a consensus rating of "Moderate Buy" and a consensus target price of $192.21.

Insider Buying and Selling at TKO Group

In other news, Director Nick Khan sold 45,168 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $170.82, for a total transaction of $7,715,597.76. Following the transaction, the director directly owned 156,494 shares in the company, valued at $26,732,305.08. The trade was a 22.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 73,725 shares of company stock worth $12,767,807. Insiders own 61.30% of the company's stock.

TKO Group Price Performance

NYSE:TKO opened at $202.38 on Friday. TKO Group Holdings, Inc. has a 12 month low of $113.63 and a 12 month high of $203.17. The stock has a 50 day moving average of $178.43 and a two-hundred day moving average of $164.90. 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 firm has a market cap of $40.13 billion, a P/E ratio of 83.63 and a beta of 0.79.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter last year, the firm posted $0.72 earnings per share. TKO Group's quarterly revenue was up 53.7% on a year-over-year basis. On average, analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business 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 dividend of $0.76 per share. The ex-dividend date is Monday, September 15th. This represents a $3.04 annualized dividend and a dividend yield of 1.5%. This is an increase from TKO Group's previous quarterly dividend of $0.38. TKO Group's payout ratio is presently 125.62%.

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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