TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Lake West Voteco L.L.C Silver Purchases 1,579,080 Shares

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was purchased at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the acquisition, the insider now directly owns 4,158,517 shares in the company, valued at approximately $658,376,411.44. This represents a 61.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

TKO Group Stock Up 1.8%

TKO stock opened at $168.86 on Friday. TKO Group Holdings, Inc. has a twelve month low of $100.76 and a twelve month high of $179.09. 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 firm has a market cap of $33.42 billion, a PE ratio of -402.04 and a beta of 0.73. The business has a 50 day moving average of $156.37 and a 200 day moving average of $151.36.

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

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. TKO Group’s dividend payout ratio (DPR) is currently 77.16%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Pivotal Research reiterated a “buy” rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Morgan Stanley boosted their target price on 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 boosted their target price on TKO Group from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Finally, Susquehanna initiated coverage on TKO Group in a research report on Monday, April 28th. They set a “positive” rating and a $180.00 price target for the company. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average target price of $168.08.

Hedge Funds Weigh In On TKO Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new position in shares of TKO Group in the 1st quarter worth $5,128,000. WBI Investments LLC purchased a new position in shares of TKO Group in the 1st quarter worth $303,000. Acadian Asset Management LLC purchased a new position in shares of TKO Group in the 1st quarter worth $46,000. Geneos Wealth Management Inc. boosted its stake in shares of TKO Group by 127.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock worth $78,000 after buying an additional 286 shares during the last quarter. Finally, Bluefin Capital Management LLC purchased a new position in shares of TKO Group in the 1st quarter worth $474,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

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.