TKO Group Holdings, Inc. (NYSE:TKO) Director Purchases $166,198.20 in Stock

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Peter C. B. Bynoe purchased 980 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was bought at an average cost of $169.59 per share, with a total value of $166,198.20. Following the purchase, the director now owns 2,747 shares of the company's stock, 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 SEC, which is accessible through the SEC website.

TKO Group Trading Down 1.7%

Shares of NYSE:TKO traded down $2.83 during trading on Friday, hitting $166.09. The company had a trading volume of 789,421 shares, compared to its average volume of 1,114,716. The stock has a market cap of $32.87 billion, a price-to-earnings ratio of -395.45 and a beta of 0.70. TKO Group Holdings, Inc. has a one year low of $100.76 and a one year high of $179.09. The company has a fifty day simple moving average of $156.37 and a two-hundred day simple moving average of $151.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.27 billion for 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 revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted ($1.26) earnings per share. As a group, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share 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. 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 0.92%. TKO Group's payout ratio is 77.16%.

Institutional Trading of TKO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hemington Wealth Management lifted its position in TKO Group by 425.0% during the 1st quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after acquiring an additional 136 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of TKO Group in the 1st quarter valued at about $26,000. Smartleaf Asset Management LLC increased 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 valued at $26,000 after purchasing an additional 151 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in TKO Group during the 1st quarter worth approximately $25,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in TKO Group during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 89.79% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on TKO. Guggenheim raised their target price on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Pivotal Research reiterated a "buy" rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Benchmark restated a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Sanford C. Bernstein initiated coverage on TKO Group in a research note on Wednesday. They issued an "outperform" rating and a $190.00 price objective on the stock. Finally, Susquehanna initiated coverage on TKO Group in a research note on Monday, April 28th. They issued a "positive" rating and a $180.00 target price for the company. Two 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 company. According to MarketBeat, TKO Group presently has a consensus rating of "Moderate Buy" and an average target price of $168.08.

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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