TKO Group Holdings, Inc. $TKO Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 45.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,162 shares of the company’s stock after selling 974 shares during the period. Atria Wealth Solutions Inc.’s holdings in TKO Group were worth $211,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Hemington Wealth Management grew its stake in shares of TKO Group by 425.0% during the 1st quarter. Hemington Wealth Management now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 136 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in TKO Group in the 1st quarter valued at $26,000. Bartlett & CO. Wealth Management LLC purchased a new position in TKO Group in the 1st quarter valued at about $27,000. Eastern Bank purchased a new position in TKO Group in the 2nd quarter valued at about $34,000. Finally, Farther Finance Advisors LLC boosted its position in TKO Group by 129.8% in the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company’s stock valued at $33,000 after buying an additional 122 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $197.82, for a total value of $1,883,048.58. Following the completion of the sale, the director directly owned 128,023 shares of the company’s stock, valued at approximately $25,325,509.86. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter C. B. Bynoe bought 740 shares of the stock in a transaction dated Tuesday, September 16th. The stock was purchased at an average cost of $203.00 per share, with a total value of $150,220.00. Following the completion of the purchase, the director directly owned 5,187 shares in the company, valued at approximately $1,052,961. This trade represents a 16.64% increase in their position. The disclosure for this purchase can be found here. 61.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on TKO shares. Guggenheim increased their price target on shares of TKO Group from $205.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. UBS Group lifted their target price on TKO Group from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Sanford C. Bernstein boosted their price objective on TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, Morgan Stanley boosted their price objective on TKO Group from $165.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $210.21.

TKO Group Price Performance

NYSE TKO opened at $186.81 on Thursday. TKO Group Holdings, Inc. has a twelve month low of $114.01 and a twelve month high of $212.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $37.04 billion, a PE ratio of 77.19 and a beta of 0.76. The stock has a 50-day simple moving average of $193.06 and a 200 day simple moving average of $174.19.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.23 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The company’s revenue was up 53.7% on a year-over-year basis. During the same period last year, the company earned $0.72 EPS. Research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group announced that its board has initiated a stock buyback plan on Monday, September 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

TKO Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.76 per share. This is a boost from TKO Group’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, September 15th. This represents a $3.04 dividend on an annualized basis and a yield of 1.6%. TKO Group’s dividend payout ratio is currently 125.62%.

TKO Group 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.