Deutsche Bank AG Raises Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Deutsche Bank AG increased its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 1,425.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 102,237 shares of the company’s stock after purchasing an additional 95,537 shares during the period. Deutsche Bank AG owned 0.06% of TKO Group worth $14,529,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TKO. Charles Schwab Investment Management Inc. raised its holdings in shares of TKO Group by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock valued at $66,691,000 after acquiring an additional 16,536 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of TKO Group by 21.8% in the 4th 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 raised its holdings in shares of TKO Group by 147.0% in the 4th 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. Park Avenue Securities LLC raised its holdings in shares of TKO Group by 59.2% in the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after acquiring an additional 4,836 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of TKO Group in the 4th quarter valued at about $431,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO opened at $161.39 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a one year low of $100.76 and a one year high of $179.09. The firm has a market capitalization of $27.63 billion, a P/E ratio of -384.26 and a beta of 0.73. The business has a fifty day moving average of $152.73 and a 200 day moving average of $147.00.

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

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.94%. TKO Group’s dividend payout ratio is currently 77.16%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Pivotal Research reaffirmed a “buy” rating and issued a $195.00 price target (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Susquehanna assumed coverage on TKO Group in a report on Monday, April 28th. They set a “positive” rating and a $180.00 price objective on the stock. Benchmark reissued a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Finally, Guggenheim raised their price objective on TKO Group from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.25.

Insider Buying and Selling

In related news, Director Sonya E. Medina acquired 233 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were acquired at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $285,860. This trade represents a 13.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Kraft acquired 3,500 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were bought at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the transaction, the director now owns 23,500 shares of the company’s stock, valued at approximately $3,306,215. This trade represents a 17.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 23,733 shares of company stock worth $3,561,318. Corporate insiders own 61.30% 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.