Guggenheim Issues Positive Forecast for TKO Group (NYSE:TKO) Stock Price

TKO Group (NYSE:TKO) had its price target increased by Guggenheim from $170.00 to $175.00 in a research report sent to investors on Thursday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

TKO has been the subject of several other reports. Seaport Res Ptn lowered TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. The Goldman Sachs Group lifted their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Citigroup boosted their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Morgan Stanley raised their price target on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Pivotal Research reiterated a “buy” rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Price Performance

Shares of NYSE:TKO opened at $151.68 on Thursday. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of -361.13 and a beta of 1.06. TKO Group has a 1 year low of $78.69 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 business has a fifty day simple moving average of $153.16 and a 200 day simple moving average of $134.89.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is currently -28.57%.

Insiders Place Their Bets

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the sale, the chief financial officer now directly owns 6,995 shares in the company, valued at $992,870.30. This trade represents a 43.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Patrick Whitesell acquired 31,352 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the transaction, the insider now directly owns 1,674,322 shares of the company’s stock, valued at $237,803,953.66. The trade was a 1.91 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. Company insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares during the period. Blue Trust Inc. raised its stake in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in TKO Group in the fourth quarter worth $32,000. First Horizon Advisors Inc. boosted its stake in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares in the last quarter. Finally, Game Plan Financial Advisors LLC increased its holdings in TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after buying an additional 155 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

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.