1,934 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Acquired by Merit Financial Group LLC

Merit Financial Group LLC acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,934 shares of the company’s stock, valued at approximately $296,000.

Several other large investors have also recently modified their holdings of TKO. Portfolio Design Labs LLC bought a new position in shares of TKO Group during the 4th quarter worth approximately $313,000. Louisiana State Employees Retirement System raised its stake in shares of TKO Group by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock worth $2,629,000 after acquiring an additional 100 shares in the last quarter. Blue Trust Inc. raised its stake in shares of TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of TKO Group by 11.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 13,600 shares of the company’s stock worth $1,933,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Game Plan Financial Advisors LLC raised its stake in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Up 0.2%

TKO stock opened at $164.85 on Thursday. The firm’s fifty day simple moving average is $157.51 and its 200-day simple moving average is $152.20. The company has a market capitalization of $32.63 billion, a P/E ratio of -392.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 12 month low of $100.76 and a 12 month high of $179.09.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm earned ($1.26) EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, June 13th. TKO Group’s dividend payout ratio (DPR) is presently 77.16%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Sanford C. Bernstein assumed coverage on shares of TKO Group in a research note on Wednesday, June 4th. They set an “outperform” rating and a $190.00 price target on the stock. The Goldman Sachs Group upped their price target on shares of TKO Group from $170.00 to $188.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Benchmark restated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, Pivotal Research restated a “buy” rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.08.

Insider Buying and Selling

In other news, Director Peter C. B. Bynoe purchased 980 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average cost of $169.59 per share, with a total value of $166,198.20. Following the completion of the acquisition, the director now owns 2,747 shares of the company’s stock, valued at approximately $465,863.73. This represents a 55.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were bought at an average cost of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the acquisition, the insider now owns 4,158,517 shares of the company’s stock, valued at approximately $658,376,411.44. This represents 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 have bought 1,580,293 shares of company stock valued at $250,199,446. Corporate insiders own 53.80% of the company’s stock.

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.