Compass Capital Corp MA ADV Boosts Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Compass Capital Corp MA ADV increased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,444 shares of the company’s stock after purchasing an additional 109 shares during the quarter. Compass Capital Corp MA ADV’s holdings in TKO Group were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in TKO Group by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock worth $66,691,000 after buying an additional 16,536 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TKO Group by 21.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company’s stock valued at $2,836,000 after acquiring an additional 3,572 shares in the last quarter. Twin Tree Management LP grew its stake in shares of TKO Group by 147.0% during the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company’s stock valued at $17,581,000 after acquiring an additional 73,617 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of TKO Group during the fourth quarter worth about $431,000. Finally, Moore Capital Management LP lifted its stake in shares of TKO Group by 1,625.0% in the fourth quarter. Moore Capital Management LP now owns 418,286 shares of the company’s stock worth $59,443,000 after acquiring an additional 394,038 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Up 4.7%

TKO stock opened at $175.84 on Thursday. The firm has a market cap of $34.80 billion, a price-to-earnings ratio of 89.26 and a beta of 0.70. TKO Group Holdings, Inc. has a 1-year low of $102.46 and a 1-year high of $179.09. The firm has a fifty day moving average price of $159.96 and a two-hundred day moving average price of $153.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.25 and a quick ratio of 1.25.

TKO Group (NYSE:TKO) last posted its quarterly earnings results 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 net margin of 4.98% and a return on equity of 2.52%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted ($1.26) EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 yield of 0.86%. TKO Group’s payout ratio is currently 77.16%.

Insider Activity

In related news, Director Peter C. B. Bynoe acquired 980 shares of TKO Group stock in a transaction that occurred on Thursday, June 5th. The stock was acquired at an average price of $169.59 per share, for a total transaction of $166,198.20. Following the transaction, the director now directly owns 2,747 shares of the company’s stock, valued at $465,863.73. This trade represents a 55.46% increase in their position. The transaction was disclosed in a filing 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 stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the purchase, the insider now owns 4,158,517 shares in the company, 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. Corporate insiders own 61.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TKO shares. Guggenheim raised their price objective on TKO Group from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Sanford C. Bernstein began coverage on shares of TKO Group in a report on Wednesday, June 4th. They issued an “outperform” rating and a $190.00 price target on the stock. Susquehanna began coverage on shares of TKO Group in a research note on Monday, April 28th. They set a “positive” rating and a $180.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price 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. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.08.

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.