TKO Group Holdings, Inc. (NYSE:TKO) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,270 shares of the company’s stock after purchasing an additional 4,540 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of TKO Group worth $19,295,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in TKO Group in the first quarter valued at approximately $1,163,000. Friedenthal Financial acquired a new stake in shares of TKO Group in the first quarter worth approximately $895,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of TKO Group in the first quarter worth about $464,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of TKO Group in the fourth quarter valued at approximately $431,000. Finally, Moore Capital Management LP boosted its position in shares of TKO Group by 1,625.0% during the 4th quarter. Moore Capital Management LP now owns 418,286 shares of the company’s stock valued at $59,443,000 after acquiring an additional 394,038 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Trading Up 0.2%

NYSE:TKO opened at $169.17 on Thursday. The firm has a market capitalization of $33.48 billion, a PE ratio of 85.87 and a beta of 0.73. The business’s 50-day moving average is $167.73 and its two-hundred day moving average is $157.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.25 and a quick ratio of 1.25. TKO Group Holdings, Inc. has a 12 month low of $102.46 and a 12 month high of $182.60.

TKO Group (NYSE:TKO) last announced its quarterly earnings data 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 company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business earned ($1.26) EPS. Research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group’s dividend payout ratio (DPR) is presently 77.16%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TKO. Northcoast Research lowered TKO Group from a “buy” rating to a “neutral” rating in a research note on Thursday, July 10th. Sanford C. Bernstein began coverage on TKO Group in a research report on Wednesday, June 4th. They set an “outperform” rating and a $190.00 target price on the stock. The Goldman Sachs Group lifted their price objective on shares of TKO Group from $170.00 to $188.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Susquehanna began coverage on shares of TKO Group in a research note on Monday, April 28th. They issued a “positive” rating and a $180.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of TKO Group from $158.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.08.

Insider Buying and Selling at TKO Group

In related news, Director Nick Khan sold 9,519 shares of the firm’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $176.96, for a total transaction of $1,684,482.24. Following the transaction, the director owned 201,665 shares in the company, valued at $35,686,638.40. This trade represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter C. B. Bynoe bought 980 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average cost of $169.59 per share, with a total value of $166,198.20. Following the purchase, the director directly owned 2,747 shares of the company’s stock, valued at approximately $465,863.73. This represents a 55.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 61.30% of the stock is currently owned by company insiders.

TKO Group 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.