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

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

Several other analysts also recently weighed in on TKO. Seaport Res Ptn downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Pivotal Research reiterated a “buy” rating and set a $195.00 price objective (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Citigroup boosted their price objective on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Guggenheim boosted their price objective on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, UBS Group boosted their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

TKO Group Stock Up 4.0 %

Shares of NYSE TKO opened at $152.58 on Monday. TKO Group has a 12-month low of $78.93 and a 12-month high of $179.09. The company has a market cap of $26.06 billion, a P/E ratio of -363.29 and a beta of 1.06. 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 stock has a fifty day moving average price of $153.61 and a 200 day moving average price of $135.88.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.00%. TKO Group’s payout ratio is 7,600.00%.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell purchased 31,352 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the acquisition, the insider now owns 1,674,322 shares of the company’s stock, valued at approximately $237,803,953.66. This represents a 1.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the transaction, the chief financial officer now directly owns 6,995 shares in the company, valued at $992,870.30. This represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TKO. Raymond James & Associates increased its holdings in shares of TKO Group by 13.5% in the third quarter. Raymond James & Associates now owns 24,421 shares of the company’s stock valued at $3,021,000 after buying an additional 2,904 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of TKO Group in the third quarter valued at $243,000. International Assets Investment Management LLC raised its stake in TKO Group by 12,275.0% during the 3rd quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock valued at $61,000 after purchasing an additional 491 shares during the period. State of Alaska Department of Revenue raised its stake in TKO Group by 19.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,711 shares of the company’s stock valued at $953,000 after purchasing an additional 1,230 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in TKO Group by 11.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,684 shares of the company’s stock valued at $703,000 after purchasing an additional 570 shares during the period. Institutional investors own 89.79% 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.