Peter C. B. Bynoe Acquires 980 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Peter C. B. Bynoe acquired 980 shares of the stock in a transaction dated Thursday, June 5th. The stock was acquired at an average price of $169.59 per share, with a total value of $166,198.20. Following the completion of the acquisition, the director now owns 2,747 shares in the company, valued at approximately $465,863.73. The trade was a 55.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TKO Group Stock Down 1.5%

Shares of TKO traded down $2.52 on Monday, reaching $163.42. The stock had a trading volume of 658,723 shares, compared to its average volume of 1,115,340. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a 12-month low of $100.76 and a 12-month high of $179.09. The firm has a market capitalization of $32.34 billion, a price-to-earnings ratio of -389.10 and a beta of 0.70. The company has a 50-day simple moving average of $156.63 and a 200-day simple moving average of $151.83.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted ($1.26) earnings per share. TKO Group's quarterly revenue was up 3.8% on a year-over-year basis. Sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

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

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in TKO Group by 28.2% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company's stock worth $47,000 after purchasing an additional 73 shares in the last quarter. Spire Wealth Management bought a new position in shares of TKO Group in the fourth quarter worth approximately $54,000. Retirement Systems of Alabama lifted its stake in shares of TKO Group by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 80,911 shares of the company's stock worth $11,498,000 after buying an additional 204 shares in the last quarter. Choreo LLC grew its holdings in shares of TKO Group by 32.3% during the fourth quarter. Choreo LLC now owns 8,014 shares of the company's stock valued at $1,149,000 after buying an additional 1,957 shares during the last quarter. Finally, Portfolio Design Labs LLC bought a new stake in shares of TKO Group during the fourth quarter valued at approximately $313,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TKO shares. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Morgan Stanley lifted their price target on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Sanford C. Bernstein began coverage on TKO Group in a research report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price objective for the company. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, Susquehanna assumed coverage on shares of TKO Group in a research note on Monday, April 28th. They issued a "positive" rating and a $180.00 target price on the stock. 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, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.