Union Bancaire Privee UBP SA Acquires 17,300 Shares of TKO Group Holdings, Inc. $TKO

Union Bancaire Privee UBP SA raised its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 151.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,700 shares of the company’s stock after acquiring an additional 17,300 shares during the period. Union Bancaire Privee UBP SA’s holdings in TKO Group were worth $5,796,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TKO. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in TKO Group by 368.8% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,186 shares of the company’s stock valued at $8,949,000 after buying an additional 38,695 shares during the period. Ninety One UK Ltd grew its position in shares of TKO Group by 14.4% during the 2nd quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after buying an additional 611,233 shares during the period. Hawk Ridge Capital Management LP increased its stake in shares of TKO Group by 2.1% in the 1st quarter. Hawk Ridge Capital Management LP now owns 734,274 shares of the company’s stock valued at $112,204,000 after acquiring an additional 14,760 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of TKO Group in the 1st quarter valued at approximately $6,138,000. Finally, Royal Bank of Canada raised its position in shares of TKO Group by 26.6% in the 1st quarter. Royal Bank of Canada now owns 115,502 shares of the company’s stock valued at $17,650,000 after acquiring an additional 24,245 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Trading Up 1.8%

TKO opened at $211.13 on Wednesday. The stock has a market capitalization of $41.19 billion, a P/E ratio of 80.89 and a beta of 0.65. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. TKO Group Holdings, Inc. has a 12 month low of $133.07 and a 12 month high of $213.23. The firm’s fifty day simple moving average is $189.97 and its 200 day simple moving average is $183.96.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.TKO Group’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter last year, the company posted $0.28 EPS. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group announced that its Board of Directors has approved a stock repurchase program on Monday, September 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, December 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio (DPR) is presently 119.54%.

Insider Activity at TKO Group

In other TKO Group news, Director Nick Khan sold 9,519 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.16, for a total transaction of $1,857,728.04. Following the completion of the transaction, the director owned 108,985 shares of the company’s stock, valued at $21,269,512.60. This represents a 8.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Shane Kapral sold 254 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $206.44, for a total transaction of $52,435.76. Following the transaction, the chief financial officer directly owned 1,266 shares of the company’s stock, valued at $261,353.04. This represents a 16.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 29,827 shares of company stock worth $5,777,565 in the last 90 days. Company insiders own 53.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TKO. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Baird R W raised shares of TKO Group to a “strong-buy” rating in a report on Friday, September 5th. Pivotal Research upped their price objective on shares of TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Wolfe Research reaffirmed an “outperform” rating and set a $227.00 price objective on shares of TKO Group in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their target price on TKO Group from $218.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $224.67.

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.