IFP Advisors Inc Grows Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

IFP Advisors Inc grew its position in TKO Group Holdings, Inc. (NYSE:TKO) by 11.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,043 shares of the company’s stock after acquiring an additional 610 shares during the quarter. IFP Advisors Inc’s holdings in TKO Group were worth $923,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TKO. Focus Partners Advisor Solutions LLC increased its stake in TKO Group by 3.6% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company’s stock worth $261,000 after buying an additional 63 shares during the period. Bessemer Group Inc. grew its position in shares of TKO Group by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company’s stock worth $3,720,000 after buying an additional 78 shares during the last quarter. Simon Quick Advisors LLC grew its position in shares of TKO Group by 1.1% in the 1st quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company’s stock worth $1,155,000 after buying an additional 82 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of TKO Group by 2.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,160 shares of the company’s stock worth $449,000 after buying an additional 90 shares during the last quarter. Finally, Utah Retirement Systems grew its position in shares of TKO Group by 2.4% in the 4th quarter. Utah Retirement Systems now owns 4,300 shares of the company’s stock worth $611,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of TKO Group in a report on Wednesday, June 4th. They set an “outperform” rating and a $190.00 target price for the company. Northcoast Research lowered shares of TKO Group from a “buy” rating to a “neutral” rating in a report on Thursday, July 10th. The Goldman Sachs Group boosted their price target on shares of TKO Group from $170.00 to $188.00 and gave the stock a “buy” rating in a report on Monday, May 12th. Susquehanna assumed coverage on shares of TKO Group in a report on Monday, April 28th. They issued a “positive” rating and a $180.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $158.00 to $182.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.33.

TKO Group Trading Up 0.7%

NYSE TKO opened at $167.66 on Thursday. TKO Group Holdings, Inc. has a one year low of $102.46 and a one year high of $182.60. The firm has a market cap of $33.18 billion, a P/E ratio of 85.11 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50-day moving average is $168.29 and its 200-day moving average is $158.62.

TKO Group (NYSE:TKO) last announced its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.14. TKO Group had a return on equity of 2.52% and a net margin of 4.98%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm earned ($1.26) earnings per share. TKO Group’s quarterly revenue was up 3.8% on a year-over-year basis. Sell-side analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.91%. TKO Group’s payout ratio is 77.16%.

Insiders Place Their Bets

In other news, Director Peter C. B. Bynoe bought 980 shares of TKO Group stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average price of $169.59 per share, for a total transaction 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. The trade was a 55.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of TKO Group stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the purchase, the insider directly owned 4,158,517 shares in the company, valued at $658,376,411.44. The trade was a 61.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 73,725 shares of company stock valued at $12,501,561 over the last ninety days. 61.30% 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.