SG Americas Securities LLC Has $1.62 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

SG Americas Securities LLC increased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 189.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,599 shares of the company’s stock after buying an additional 6,931 shares during the period. SG Americas Securities LLC’s holdings in TKO Group were worth $1,620,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares during the last quarter. New Mexico Educational Retirement Board raised its position in TKO Group by 11.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 13,600 shares of the company’s stock worth $1,933,000 after purchasing an additional 1,400 shares during the last quarter. Game Plan Financial Advisors LLC lifted its holdings in TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares during the period. CIBC Asset Management Inc grew its position in shares of TKO Group by 5.7% in the 4th quarter. CIBC Asset Management Inc now owns 2,529 shares of the company’s stock valued at $359,000 after buying an additional 136 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of TKO Group in the 4th quarter valued at about $384,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Trading Down 0.6%

TKO opened at $162.92 on Monday. The company has a fifty day moving average price of $158.45 and a two-hundred day moving average price of $152.77. TKO Group Holdings, Inc. has a 1-year low of $100.76 and a 1-year high of $179.09. The company has a market cap of $32.24 billion, a P/E ratio of -387.90 and a beta of 0.70. 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) last issued 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. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted ($1.26) EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. Analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Friday, June 13th. TKO Group’s payout ratio is 77.16%.

Analyst Ratings Changes

TKO has been the topic of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Guggenheim boosted their price target on shares of TKO Group from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Morgan Stanley increased their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Susquehanna assumed 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 for the company. Finally, Sanford C. Bernstein assumed coverage on shares of TKO Group in a research report on Wednesday, June 4th. They set an “outperform” rating and a $190.00 price target on the stock. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.08.

Insider Transactions at TKO Group

In other TKO Group news, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average price of $158.32 per share, for a total transaction of $249,999,945.60. Following the purchase, the insider now owns 4,158,517 shares of the company’s stock, valued at $658,376,411.44. This trade represents a 61.22% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Nick Khan sold 9,519 shares of the company’s stock in a transaction on 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 owns 210,967 shares in the company, valued at approximately $33,429,830.82. The trade was a 4.32% decrease in their position. The disclosure for this sale can be found here. 53.80% of the stock is owned by insiders.

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.