Quantinno Capital Management LP Purchases 908 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Quantinno Capital Management LP lifted its position in TKO Group Holdings, Inc. (NYSE:TKO) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,583 shares of the company’s stock after purchasing an additional 908 shares during the quarter. Quantinno Capital Management LP’s holdings in TKO Group were worth $4,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in TKO Group by 559.3% in the 4th 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. bought a new position in shares of TKO Group during the fourth quarter valued at $32,000. Game Plan Financial Advisors LLC boosted its stake in shares of TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of TKO Group in the 4th quarter worth about $38,000. Finally, UMB Bank n.a. increased its position in shares of TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after purchasing an additional 115 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Insider Buying and Selling at TKO Group

In related news, Director Jonathan Kraft acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $151.78 per share, with a total value of $3,035,600.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $3,035,600. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sonya E. Medina bought 233 shares of the business’s stock in a transaction on Monday, March 17th. The stock was bought at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $285,860. This trade represents a 13.19% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 23,733 shares of company stock worth $3,561,318. Insiders own 61.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Morgan Stanley increased their price target on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Susquehanna assumed coverage on TKO Group in a research report on Monday, April 28th. They issued a “positive” rating and a $180.00 price objective for the company. Guggenheim increased their target price on TKO Group from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

TKO Group Price Performance

TKO Group stock opened at $163.33 on Monday. The business’s 50-day simple moving average is $153.10 and its 200 day simple moving average is $147.75. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a market cap of $27.96 billion, a price-to-earnings ratio of -388.89 and a beta of 0.73. 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 earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company 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 company posted ($1.26) EPS. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group’s dividend payout ratio is presently 77.16%.

TKO Group 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.