Marathon Partners Equity Management LLC Takes $16.20 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Marathon Partners Equity Management LLC purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 114,000 shares of the company's stock, valued at approximately $16,201,000. TKO Group comprises 14.1% of Marathon Partners Equity Management LLC's investment portfolio, making the stock its 2nd biggest holding. Marathon Partners Equity Management LLC owned about 0.07% of TKO Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Smartleaf Asset Management LLC grew its holdings in shares of 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 purchasing an additional 151 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group in the 4th quarter valued at $32,000. Game Plan Financial Advisors LLC increased its holdings in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock valued at $35,000 after purchasing an additional 155 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in TKO Group during the fourth quarter worth about $38,000. Finally, UMB Bank n.a. raised its position in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after acquiring an additional 115 shares during the period. 89.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TKO shares. The Goldman Sachs Group raised their price target on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research report on Monday. Susquehanna began coverage on shares of TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 price target on the stock. Pivotal Research reissued a "buy" rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Guggenheim boosted their price target on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Friday. Finally, Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $164.25.

TKO Group Trading Up 0.3%

Shares of TKO Group stock opened at $160.17 on Tuesday. The company has a market cap of $27.42 billion, a price-to-earnings ratio of -381.35 and a beta of 0.73. TKO Group Holdings, Inc. has a 12-month low of $98.99 and a 12-month high of $179.09. The company's 50-day moving average price is $151.62 and its 200-day moving average price is $146.45. 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 (NYSE:TKO - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm earned ($1.26) EPS. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, March 14th. TKO Group's dividend payout ratio is currently 77.16%.

Insider Buying and Selling at TKO Group

In other news, CEO Ariel Emanuel bought 117,769 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the acquisition, the chief executive officer now owns 2,579,437 shares of the company's stock, valued at approximately $452,433,249.80. This trade represents a 4.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Kraft bought 20,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $151.78 per share, for a total transaction of $3,035,600.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company's stock, valued at $3,035,600. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 141,502 shares of company stock worth $24,218,000 over the last ninety days. Insiders own 61.30% 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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