HighTower Advisors LLC Has $4.05 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

HighTower Advisors LLC lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 8.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,485 shares of the company’s stock after acquiring an additional 2,288 shares during the period. HighTower Advisors LLC’s holdings in TKO Group were worth $4,048,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after purchasing an additional 383,869 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of TKO Group in the 4th quarter worth $33,922,000. State Street Corp lifted its holdings in shares of TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after purchasing an additional 163,980 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of TKO Group by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after purchasing an additional 85,160 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Trading Up 0.4 %

Shares of TKO stock opened at $150.45 on Friday. The company has a 50 day moving average of $154.14 and a 200-day moving average of $137.82. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12-month low of $84.88 and a 12-month high of $179.09. The firm has a market cap of $25.75 billion, a P/E ratio of -358.20 and a beta of 1.08.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. TKO Group’s payout ratio is currently 7,600.00%.

Insider Transactions at TKO Group

In related news, CFO Andrew M. Schleimer sold 5,419 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ariel Emanuel bought 115,952 shares of the stock in a transaction on Wednesday, January 22nd. The shares were acquired at an average cost of $143.85 per share, for a total transaction of $16,679,695.20. Following the acquisition, the chief executive officer now directly owns 1,031,804 shares in the company, valued at approximately $148,425,005.40. This trade represents a 12.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,921,383 shares of company stock worth $304,417,051 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TKO has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Guggenheim lifted their target price on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Pivotal Research reaffirmed a “buy” rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Citigroup lifted their target price on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, UBS Group lifted their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $157.00.

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.