Public Sector Pension Investment Board Purchases Shares of 17,807 TKO Group Holdings, Inc. $TKO

Public Sector Pension Investment Board purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,807 shares of the company’s stock, valued at approximately $2,721,000.

A number of other hedge funds also recently bought and sold shares of the company. Focus Partners Advisor Solutions LLC boosted its holdings in TKO Group by 3.6% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company’s stock valued at $261,000 after acquiring an additional 63 shares during the period. Simon Quick Advisors LLC grew its position in TKO Group by 1.1% in the 1st quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company’s stock worth $1,155,000 after purchasing an additional 82 shares during the last quarter. Coldstream Capital Management Inc. grew its position in TKO Group by 2.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,160 shares of the company’s stock worth $449,000 after purchasing an additional 90 shares during the last quarter. Utah Retirement Systems grew its position in TKO Group by 2.4% in the 4th quarter. Utah Retirement Systems now owns 4,300 shares of the company’s stock worth $611,000 after purchasing an additional 100 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its position in TKO Group by 3.2% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 3,210 shares of the company’s stock worth $491,000 after purchasing an additional 100 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Trading Down 0.5%

Shares of NYSE TKO opened at $184.5860 on Wednesday. TKO Group Holdings, Inc. has a 1-year low of $113.16 and a 1-year high of $194.76. The company has a market cap of $36.60 billion, a PE ratio of 76.28 and a beta of 0.72. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $172.87 and a two-hundred day moving average of $162.23.

TKO Group (NYSE:TKO) last announced its 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). TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s revenue was up 53.7% on a year-over-year basis. As a group, equities analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have issued reports on TKO. JPMorgan Chase & Co. raised their price target on shares of TKO Group from $158.00 to $182.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Sanford C. Bernstein began coverage on shares of TKO Group in a research report on Wednesday, June 4th. They issued an “outperform” rating and a $190.00 price target on the stock. Citigroup raised their price target on shares of TKO Group from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Guggenheim raised their price target on shares of TKO Group from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, Roth Capital raised their price target on shares of TKO Group from $208.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.38.

Insiders Place Their Bets

In related news, Director Nick Khan sold 45,168 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $170.82, for a total transaction of $7,715,597.76. Following the completion of the sale, the director directly owned 156,494 shares of the company’s stock, valued at $26,732,305.08. The trade was a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the company’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 completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 73,725 shares of company stock valued at $12,501,561. Insiders own 53.80% of the company’s stock.

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.