Vanguard Personalized Indexing Management LLC Has $1.49 Million Stock Holdings in TKO Group Holdings, Inc. $TKO

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 2.1% in the second quarter, Holdings Channel.com reports. The fund owned 8,210 shares of the company’s stock after buying an additional 167 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in TKO Group were worth $1,494,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Concurrent Investment Advisors LLC acquired a new stake in TKO Group during the 2nd quarter worth $231,000. Eastern Bank acquired a new stake in TKO Group during the 2nd quarter worth $34,000. Fourpath Capital Management LLC acquired a new position in shares of TKO Group in the 2nd quarter valued at $216,000. Triasima Portfolio Management inc. acquired a new position in shares of TKO Group in the 2nd quarter valued at $609,000. Finally, Highland Capital Management LLC grew its holdings in shares of TKO Group by 35.8% in the 2nd quarter. Highland Capital Management LLC now owns 37,877 shares of the company’s stock valued at $6,892,000 after buying an additional 9,977 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Trading Up 0.6%

TKO opened at $188.98 on Friday. The stock has a market capitalization of $37.47 billion, a P/E ratio of 78.09 and a beta of 0.76. TKO Group Holdings, Inc. has a 12 month low of $114.01 and a 12 month high of $212.49. The firm’s fifty day simple moving average is $193.02 and its 200 day simple moving average is $173.42. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.23 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The company’s revenue was up 53.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group announced that its Board of Directors has approved a stock repurchase program on Monday, September 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

TKO Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.76 per share. This is a boost from TKO Group’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, September 15th. This represents a $3.04 annualized dividend and a yield of 1.6%. TKO Group’s payout ratio is presently 125.62%.

Insider Activity

In other TKO Group news, Director Peter C. B. Bynoe purchased 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, with a total value of $150,220.00. Following the transaction, the director directly owned 5,187 shares of the company’s stock, valued at $1,052,961. This represents a 16.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nick Khan sold 9,519 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $197.82, for a total transaction of $1,883,048.58. Following the sale, the director directly owned 128,023 shares in the company, valued at $25,325,509.86. This trade represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,725 shares of company stock worth $12,966,373 over the last three months. Insiders own 61.30% of the company’s stock.

Analyst Ratings Changes

TKO has been the subject of several research analyst reports. Zacks Research raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Citigroup boosted their price target on shares of TKO Group from $200.00 to $225.00 and gave the company a “buy” rating in a report on Friday, August 15th. Robert W. Baird boosted their price target on shares of TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, September 16th. Bank of America boosted their price target on shares of TKO Group from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Finally, Morgan Stanley boosted their price target on shares of TKO Group from $165.00 to $205.00 and gave the company an “equal weight” rating in a report on Thursday, September 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.21.

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.