Atria Wealth Solutions Inc. Purchases New Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Atria Wealth Solutions Inc. purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,136 shares of the company’s stock, valued at approximately $326,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ninety One UK Ltd increased its holdings in shares of TKO Group by 2.1% in the first quarter. Ninety One UK Ltd now owns 4,238,773 shares of the company’s stock valued at $647,727,000 after purchasing an additional 87,165 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in TKO Group by 12.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,962,965 shares of the company’s stock worth $299,961,000 after acquiring an additional 210,469 shares during the period. Ameriprise Financial Inc. grew its holdings in TKO Group by 57.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company’s stock worth $238,574,000 after acquiring an additional 611,178 shares during the period. Epoch Investment Partners Inc. grew its holdings in TKO Group by 1.9% during the 4th quarter. Epoch Investment Partners Inc. now owns 851,563 shares of the company’s stock worth $121,016,000 after acquiring an additional 16,112 shares during the period. Finally, Steadfast Capital Management LP grew its holdings in TKO Group by 146.9% during the 4th quarter. Steadfast Capital Management LP now owns 710,784 shares of the company’s stock worth $101,010,000 after acquiring an additional 422,900 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Trading Down 1.1%

Shares of NYSE TKO opened at $188.81 on Friday. The company’s fifty day moving average is $172.03 and its 200-day moving average is $161.79. The stock has a market cap of $37.37 billion, a price-to-earnings ratio of 78.02 and a beta of 0.72. TKO Group Holdings, Inc. has a twelve month low of $113.16 and a twelve month high of $194.76. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28.

TKO Group (NYSE:TKO) last announced 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.23 billion. TKO Group had a return on equity of 2.82% and a net margin of 5.40%. The company’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. Equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group’s payout ratio is currently 62.81%.

Insider Activity at TKO Group

In related news, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the transaction, the insider owned 4,158,517 shares of the company’s stock, valued at $658,376,411.44. The trade was a 61.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nick Khan sold 9,519 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $167.36, for a total transaction of $1,593,099.84. Following the completion of the sale, the director directly owned 146,975 shares in the company, valued at $24,597,736. This represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,725 shares of company stock valued at $12,501,561. 61.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on TKO. Guggenheim lifted their target price on shares of TKO Group from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday. Roth Capital lifted their target price on shares of TKO Group from $208.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday. Northcoast Research lowered shares of TKO Group from a “buy” rating to a “neutral” rating in a report on Thursday, July 10th. Bank of America lifted their target price on shares of TKO Group from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Citigroup lifted their target price on shares of TKO Group from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $187.38.

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.