Yousif Capital Management LLC Sells 10,714 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Yousif Capital Management LLC cut its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 45.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,777 shares of the company's stock after selling 10,714 shares during the period. Yousif Capital Management LLC's holdings in TKO Group were worth $1,952,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TKO. Norges Bank acquired a new position in shares of TKO Group during the 4th quarter worth $104,613,000. Ameriprise Financial Inc. grew its position in TKO Group by 57.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock valued at $238,574,000 after acquiring an additional 611,178 shares during the last quarter. Steadfast Capital Management LP lifted its holdings in shares of TKO Group by 146.9% in the fourth quarter. Steadfast Capital Management LP now owns 710,784 shares of the company's stock worth $101,010,000 after acquiring an additional 422,900 shares during the last quarter. Moore Capital Management LP lifted its holdings in shares of TKO Group by 1,625.0% in the fourth quarter. Moore Capital Management LP now owns 418,286 shares of the company's stock worth $59,443,000 after acquiring an additional 394,038 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of TKO Group in the 4th quarter valued at approximately $54,778,000. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Activity

In related news, Director Peter C. B. Bynoe purchased 980 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was purchased at an average cost of $169.59 per share, with a total value of $166,198.20. Following the completion of the purchase, the director now owns 2,747 shares in the company, valued at approximately $465,863.73. This trade represents a 55.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nick Khan sold 9,519 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $158.46, for a total transaction of $1,508,380.74. Following the transaction, the director now directly owns 210,967 shares in the company, valued at $33,429,830.82. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. 61.30% of the stock is owned by company insiders.

TKO Group Trading Up 4.7%

TKO Group stock traded up $7.88 during mid-day trading on Thursday, hitting $175.84. 1,851,637 shares of the stock were exchanged, compared to its average volume of 1,117,801. The stock has a market capitalization of $34.80 billion, a price-to-earnings ratio of 89.26 and a beta of 0.70. TKO Group Holdings, Inc. has a 12 month low of $102.46 and a 12 month high of $179.09. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.29. The firm's fifty day simple moving average is $159.96 and its two-hundred day simple moving average is $153.24.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.07 billion. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. TKO Group's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.26) earnings per share. Analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, June 13th. TKO Group's dividend payout ratio (DPR) is presently 77.16%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TKO shares. Pivotal Research reaffirmed a "buy" rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their price objective on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Morgan Stanley upped their target price on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Sanford C. Bernstein started coverage on TKO Group in a research report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 target price for the company. Finally, Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $168.08.

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.