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

Yousif Capital Management LLC reduced its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 45.6% during the first quarter, according to the company in its most recent filing 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after purchasing an additional 151 shares during the period. Sentry Investment Management LLC bought a new position in TKO Group in the first quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its stake in shares of TKO Group by 129.8% during the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock worth $33,000 after acquiring an additional 122 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of TKO Group by 229.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the company's stock valued at $37,000 after acquiring an additional 170 shares during the period. Finally, Game Plan Financial Advisors LLC grew its position in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock valued at $35,000 after acquiring an additional 155 shares during the period. Hedge funds and other institutional investors own 89.79% of the company's stock.

TKO Group Price Performance

Shares of TKO Group stock opened at $162.92 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12 month low of $100.76 and a 12 month high of $179.09. The stock has a 50 day moving average of $158.45 and a 200 day moving average of $152.77. The firm has a market cap of $32.24 billion, a PE ratio of -387.90 and a beta of 0.70.

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

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.93%. TKO Group's dividend payout ratio (DPR) is presently 77.16%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Pivotal Research reiterated a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price objective on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Morgan Stanley increased their target price on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Susquehanna initiated coverage on shares of TKO Group in a research note on Monday, April 28th. They set a "positive" rating and a $180.00 target price on the stock. Finally, The Goldman Sachs Group increased their price target on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $168.08.

Insider Activity

In other news, Director Nick Khan sold 9,519 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $158.46, for a total value of $1,508,380.74. Following the sale, the director now owns 210,967 shares of the company's stock, valued at approximately $33,429,830.82. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the purchase, the insider now owns 4,158,517 shares in the company, valued at $658,376,411.44. This trade represents a 61.22% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 53.80% of the company's stock.

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.

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