Wright Investors Service Inc. Makes New $1.09 Million Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Wright Investors Service Inc. purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,140 shares of the company's stock, valued at approximately $1,091,000.

A number of other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position 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 during the period. Geneos Wealth Management Inc. bought a new position in TKO Group during the fourth quarter worth $32,000. MassMutual Private Wealth & Trust FSB increased its position in TKO Group by 229.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the company's stock worth $37,000 after acquiring an additional 170 shares during the period. Game Plan Financial Advisors LLC increased its position in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after acquiring an additional 155 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in TKO Group during the fourth quarter worth $38,000. Institutional investors own 89.79% of the company's stock.

TKO Group Stock Up 1.6%

Shares of TKO traded up $2.70 on Thursday, hitting $168.60. The company's stock had a trading volume of 364,400 shares, compared to its average volume of 1,111,246. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average price is $156.04 and its 200-day moving average price is $151.06. TKO Group Holdings, Inc. has a fifty-two week low of $100.76 and a fifty-two week high of $179.09. The firm has a market capitalization of $33.37 billion, a price-to-earnings ratio of -401.43 and a beta of 0.73.

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

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.38 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.90%. TKO Group's dividend payout ratio is presently 77.16%.

Analyst Ratings Changes

TKO has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Morgan Stanley lifted their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Finally, Pivotal Research reissued a "buy" rating and set a $195.00 price objective (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $168.08.

Insider Activity at TKO Group

In other TKO Group news, Director Sonya E. Medina purchased 233 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $285,860. The trade was a 13.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan Kraft acquired 3,500 shares of the stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the transaction, the director now directly owns 23,500 shares in the company, valued at approximately $3,306,215. This trade represents a 17.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 1,582,813 shares of company stock worth $250,525,663. 61.30% of the stock is owned by company insiders.

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.