Advisors Asset Management Inc. Acquires 921 Shares of TKO Group Holdings, Inc. $TKO

Advisors Asset Management Inc. increased its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 61.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,423 shares of the company’s stock after purchasing an additional 921 shares during the period. Advisors Asset Management Inc.’s holdings in TKO Group were worth $370,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TKO. Sentry Investment Management LLC bought a new stake in TKO Group during the first quarter valued at about $25,000. Hemington Wealth Management raised its position in shares of TKO Group by 425.0% during the first quarter. Hemington Wealth Management now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of TKO Group during the first quarter valued at about $26,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of TKO Group during the first quarter valued at about $27,000. Finally, Farther Finance Advisors LLC raised its position in shares of TKO Group by 129.8% during the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company’s stock valued at $33,000 after buying an additional 122 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TKO Group

In other news, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $186.43, for a total transaction of $1,774,627.17. Following the completion of the sale, the director owned 137,456 shares in the company, valued at $25,625,922.08. The trade was a 6.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 73,725 shares of company stock valued at $12,767,807 over the last three months. Company insiders own 61.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TKO. Baird R W raised shares of TKO Group to a “strong-buy” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. increased their price target on shares of TKO Group from $182.00 to $212.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Robert W. Baird initiated coverage on shares of TKO Group in a research report on Friday, September 5th. They issued an “outperform” rating and a $225.00 price target for the company. Sanford C. Bernstein initiated coverage on shares of TKO Group in a research report on Wednesday, June 4th. They issued an “outperform” rating and a $190.00 price target for the company. Finally, Seaport Res Ptn lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

TKO Group Stock Performance

Shares of TKO Group stock opened at $202.38 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $40.13 billion, a P/E ratio of 83.63 and a beta of 0.79. The firm has a 50 day simple moving average of $178.43 and a 200 day simple moving average of $164.90. TKO Group Holdings, Inc. has a fifty-two week low of $113.63 and a fifty-two week high of $203.17.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.06). The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.23 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The business’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. Sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.76 dividend. This is an increase from TKO Group’s previous quarterly dividend of $0.38. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. TKO Group’s dividend payout ratio (DPR) is 125.62%.

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.