TKO Group’s (TKO) Hold Rating Reiterated at Benchmark

Benchmark restated their hold rating on shares of TKO Group (NYSE:TKO) in a report issued on Monday,Benzinga reports.

A number of other research analysts have also issued reports on TKO. Morgan Stanley raised their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Guggenheim increased their price target on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Citigroup increased their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Pivotal Research reissued a “buy” rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a report on Thursday. Finally, Seaport Res Ptn downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Stock Performance

NYSE:TKO opened at $147.64 on Monday. TKO Group has a 1 year low of $78.69 and a 1 year high of $179.09. The firm’s fifty day simple moving average is $153.42 and its 200 day simple moving average is $135.55. 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 $25.21 billion, a PE ratio of -351.52 and a beta of 1.06.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s payout ratio is 7,600.00%.

Insider Transactions at TKO Group

In other news, major shareholder Patrick Whitesell purchased 245,887 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $142.45 per share, with a total value of $35,026,603.15. Following the acquisition, the insider now directly owns 1,825,030 shares of the company’s stock, valued at approximately $259,975,523.50. This trade represents a 15.57 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ariel Emanuel purchased 117,769 shares of TKO Group stock in a transaction on Wednesday, February 12th. The stock was purchased at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the transaction, the chief executive officer now owns 2,579,437 shares of the company’s stock, valued at approximately $452,433,249.80. This represents a 4.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by insiders.

Hedge Funds Weigh In On TKO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in TKO Group in the fourth quarter valued at about $32,000. First Horizon Advisors Inc. boosted its position in TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares in the last quarter. Game Plan Financial Advisors LLC boosted its position in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after buying an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in TKO Group in the fourth quarter valued at about $38,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

About TKO Group

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.