Quantinno Capital Management LP Has $4.20 Million Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Quantinno Capital Management LP boosted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,583 shares of the company’s stock after buying an additional 908 shares during the period. Quantinno Capital Management LP’s holdings in TKO Group were worth $4,204,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of TKO Group in the fourth quarter valued at approximately $104,613,000. Ameriprise Financial Inc. boosted its stake in TKO Group by 57.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company’s stock worth $238,574,000 after purchasing an additional 611,178 shares during the period. Moore Capital Management LP boosted its stake in TKO Group by 1,625.0% in the 4th quarter. Moore Capital Management LP now owns 418,286 shares of the company’s stock worth $59,443,000 after purchasing an additional 394,038 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in TKO Group during the 4th quarter worth about $54,778,000. Finally, Marshall Wace LLP raised its stake in shares of TKO Group by 98.5% in the 4th quarter. Marshall Wace LLP now owns 726,058 shares of the company’s stock valued at $103,180,000 after purchasing an additional 360,236 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Guggenheim upped their price objective on 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 upped their price target on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. The Goldman Sachs Group raised their price target on shares of TKO Group from $170.00 to $188.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Benchmark restated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Finally, Susquehanna assumed coverage on shares of TKO Group in a research note on Monday, April 28th. They issued a “positive” rating and a $180.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.25.

Insider Activity at TKO Group

In other news, Director Jonathan Kraft acquired 3,500 shares of TKO Group stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the acquisition, the director now directly owns 23,500 shares in the company, valued at approximately $3,306,215. The trade was a 17.50% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sonya E. Medina bought 233 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $285,860. The trade was a 13.19% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 23,733 shares of company stock worth $3,561,318. Company insiders own 61.30% of the company’s stock.

TKO Group Stock Up 1.2%

TKO Group stock opened at $163.33 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The company’s 50-day moving average is $153.10 and its 200-day moving average is $147.75. The firm has a market capitalization of $27.96 billion, a PE ratio of -388.89 and a beta of 0.73. TKO Group Holdings, Inc. has a fifty-two week low of $100.76 and a fifty-two week high of $179.09.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.07 billion. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. TKO Group’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted ($1.26) earnings per share. Sell-side analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued 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 was Friday, March 14th. TKO Group’s payout ratio is presently 77.16%.

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.