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

Benchmark reaffirmed their hold rating on shares of TKO Group (NYSE:TKO) in a research note issued to investors on Monday,Benzinga reports.

TKO has been the subject of a number of other reports. Citigroup upped their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Seaport Res Ptn lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Guggenheim upped their price target on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley upped their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Trading Down 2.0 %

Shares of NYSE:TKO opened at $147.64 on Monday. The company has a 50 day moving average of $153.42 and a 200-day moving average of $135.55. The firm has a market cap of $25.21 billion, a P/E ratio of -351.52 and a beta of 1.06. TKO Group has a twelve month low of $78.69 and a twelve month high of $179.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.38 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.03%. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Insider Buying and Selling at TKO Group

In related news, major shareholder Patrick Whitesell acquired 245,887 shares of the company’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $142.45 per share, for a total transaction of $35,026,603.15. Following the purchase, the insider now owns 1,825,030 shares in the company, valued at $259,975,523.50. This represents a 15.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Shane Kapral sold 1,034 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at approximately $315,816.50. This represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TKO. Focus Partners Advisor Solutions LLC increased its stake in shares of TKO Group by 3.6% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company’s stock worth $261,000 after purchasing an additional 63 shares during the last quarter. M&T Bank Corp increased its stake in shares of TKO Group by 2.4% during the 4th quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock worth $389,000 after purchasing an additional 64 shares during the last quarter. Blue Trust Inc. increased 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 purchasing an additional 73 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of TKO Group by 0.3% during the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company’s stock worth $3,720,000 after purchasing an additional 78 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of TKO Group by 18.0% during the 4th quarter. US Bancorp DE now owns 565 shares of the company’s stock worth $80,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.