Lighthouse Investment Partners LLC Invests $2.59 Million in TKO Group Holdings, Inc. (NYSE:TKO)

Lighthouse Investment Partners LLC acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,189 shares of the company’s stock, valued at approximately $2,585,000.

Several other large investors have also modified their holdings of the stock. Jefferies Financial Group Inc. bought a new stake in shares of TKO Group during the 4th quarter worth $500,000. Ensign Peak Advisors Inc boosted its stake in shares of TKO Group by 13.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 26,710 shares of the company’s stock worth $3,796,000 after acquiring an additional 3,160 shares in the last quarter. Ethic Inc. boosted its stake in shares of TKO Group by 148.4% during the 4th quarter. Ethic Inc. now owns 7,624 shares of the company’s stock worth $1,083,000 after acquiring an additional 4,555 shares in the last quarter. Fairview Capital Investment Management LLC boosted its stake in shares of TKO Group by 0.7% during the 4th quarter. Fairview Capital Investment Management LLC now owns 513,008 shares of the company’s stock worth $72,904,000 after acquiring an additional 3,374 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of TKO Group by 1,425.9% during the 4th quarter. Deutsche Bank AG now owns 102,237 shares of the company’s stock worth $14,529,000 after acquiring an additional 95,537 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jonathan Kraft purchased 3,500 shares of TKO Group stock in a transaction on Friday, March 7th. The stock was bought at an average price of $140.69 per share, with a total value of $492,415.00. Following the completion of the transaction, the director now directly owns 23,500 shares of the company’s stock, valued at approximately $3,306,215. This represents a 17.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sonya E. Medina purchased 233 shares of TKO Group stock in a transaction on Monday, March 17th. The stock was bought at an average cost of $142.93 per share, with a total value of $33,302.69. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $285,860. The trade was a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 23,733 shares of company stock valued at $3,561,318 over the last quarter. Insiders own 61.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Pivotal Research reissued a “buy” rating and set a $195.00 price objective (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group raised their target price on TKO Group from $170.00 to $188.00 and gave the stock a “buy” rating in a research report on Monday. Guggenheim raised their target price on TKO Group from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Finally, Morgan Stanley raised their target price on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.25.

TKO Group Price Performance

TKO opened at $164.44 on Wednesday. The stock has a market cap of $28.15 billion, a price-to-earnings ratio of -391.52 and a beta of 0.73. TKO Group Holdings, Inc. has a 1 year low of $99.44 and a 1 year 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. The stock has a fifty day moving average price of $151.97 and a 200 day moving average price of $146.58.

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

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.92%. TKO Group’s dividend payout ratio is currently 77.16%.

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.