TKO Group Holdings, Inc. (NYSE:TKO) Stock Position Raised by Man Group plc

Man Group plc raised its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 652.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,655 shares of the company’s stock after purchasing an additional 47,389 shares during the period. Man Group plc’s holdings in TKO Group were worth $7,767,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TKO. Smartleaf Asset Management LLC raised its stake in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of TKO Group in the 4th quarter valued at approximately $32,000. Game Plan Financial Advisors LLC raised its stake in shares of TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after acquiring an additional 155 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of TKO Group in the 4th quarter valued at approximately $38,000. Finally, UMB Bank n.a. raised its stake in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after acquiring an additional 115 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Price Performance

Shares of NYSE:TKO opened at $163.96 on Tuesday. The business’s 50 day moving average is $153.43 and its 200-day moving average is $148.06. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $28.07 billion, a PE ratio of -390.38 and a beta of 0.73. TKO Group Holdings, Inc. has a 1-year low of $100.76 and a 1-year high of $179.09.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned ($1.26) EPS. Sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group’s dividend payout ratio is 77.16%.

Insider Activity at TKO Group

In other TKO Group news, Director Jonathan Kraft acquired 3,500 shares of the business’s stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the transaction, the director now owns 23,500 shares in the company, valued at $3,306,215. This trade represents a 17.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sonya E. Medina acquired 233 shares of the business’s stock in a transaction on Monday, March 17th. The stock was acquired at an average price of $142.93 per share, with a total value of $33,302.69. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $285,860. The trade was a 13.19% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 23,733 shares of company stock valued at $3,561,318 in the last 90 days. 61.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Morgan Stanley raised their target price on TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Susquehanna assumed coverage on TKO Group in a report on Monday, April 28th. They issued a “positive” rating and a $180.00 target price on the stock. The Goldman Sachs Group raised their target price on TKO Group from $170.00 to $188.00 and gave the company a “buy” rating in a report on Monday, May 12th. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Finally, Guggenheim raised their target price on TKO Group from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, May 9th. Two equities research 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 company. According to data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.25.

TKO Group Company 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.