Czech National Bank Boosts Stock Position in TKO Group Holdings, Inc. $TKO

Czech National Bank grew its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,385 shares of the company’s stock after acquiring an additional 1,092 shares during the quarter. Czech National Bank’s holdings in TKO Group were worth $2,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TKO. Vanguard Group Inc. increased its stake in TKO Group by 19.4% during the 1st quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock worth $1,218,951,000 after buying an additional 1,295,817 shares during the period. Ninety One UK Ltd boosted its holdings in shares of TKO Group by 2.1% during the first quarter. Ninety One UK Ltd now owns 4,238,773 shares of the company’s stock valued at $647,727,000 after acquiring an additional 87,165 shares during the period. Massachusetts Financial Services Co. MA grew its position in TKO Group by 12.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,962,965 shares of the company’s stock worth $299,961,000 after purchasing an additional 210,469 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in TKO Group by 242.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company’s stock valued at $228,675,000 after buying an additional 1,059,636 shares in the last quarter. Finally, Invesco Ltd. lifted its position in TKO Group by 569.7% in the first quarter. Invesco Ltd. now owns 1,423,052 shares of the company’s stock worth $217,457,000 after purchasing an additional 1,210,563 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of NYSE TKO opened at $201.28 on Friday. TKO Group Holdings, Inc. has a 52 week low of $114.01 and a 52 week high of $212.49. The stock has a 50 day moving average price of $181.83 and a 200 day moving average price of $166.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $39.91 billion, a PE ratio of 83.17 and a beta of 0.79.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). The firm 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%. TKO Group’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid 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 payout ratio is presently 125.62%.

TKO Group declared that its Board of Directors has approved a share repurchase plan on Monday, September 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group upped their price objective on TKO Group from $200.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on TKO Group from $182.00 to $212.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Citigroup lifted their price objective on TKO Group from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Robert W. Baird increased their target price on shares of TKO Group from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Morgan Stanley restated an “outperform” rating on shares of TKO Group in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $196.50.

Insider Buying and Selling

In other TKO Group news, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $186.43, for a total value of $1,774,627.17. Following the completion of the sale, the director directly owned 137,456 shares of the company’s stock, valued at approximately $25,625,922.08. The trade was a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter C. B. Bynoe acquired 740 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were purchased at an average cost of $203.00 per share, for a total transaction of $150,220.00. Following the completion of the acquisition, the director directly owned 5,187 shares in the company, valued at approximately $1,052,961. The trade was a 16.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 73,725 shares of company stock valued at $12,767,807. 61.30% of the stock is currently owned by corporate 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.