Rahlfs Capital LLC Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

Rahlfs Capital LLC acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,515 shares of the company's stock, valued at approximately $1,494,000. TKO Group accounts for about 1.4% of Rahlfs Capital LLC's holdings, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of TKO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of TKO Group by 3.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 198,864 shares of the company's stock worth $24,601,000 after acquiring an additional 6,770 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of TKO Group by 177.2% during the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company's stock worth $3,225,000 after purchasing an additional 16,746 shares during the period. Janus Henderson Group PLC lifted its stake in shares of TKO Group by 1.1% in the third quarter. Janus Henderson Group PLC now owns 34,245 shares of the company's stock valued at $4,237,000 after buying an additional 367 shares during the period. Integrated Wealth Concepts LLC grew its position in TKO Group by 6.2% during the third quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company's stock worth $263,000 after buying an additional 125 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in TKO Group by 0.7% during the third quarter. Quantinno Capital Management LP now owns 28,675 shares of the company's stock valued at $3,547,000 after acquiring an additional 207 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms have recently issued reports on TKO. UBS Group boosted their price objective on TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Citigroup increased their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Pivotal Research reiterated a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Morgan Stanley increased their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Finally, Benchmark reaffirmed a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $157.00.

Insider Buying and Selling at TKO Group

In related news, CEO Ariel Emanuel acquired 115,952 shares of the company's stock in a transaction that occurred 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 completion of the acquisition, the chief executive officer now directly owns 1,031,804 shares in the company, valued at approximately $148,425,005.40. The trade was a 12.66 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell acquired 156,446 shares of TKO Group stock in a transaction dated Tuesday, February 11th. The shares were purchased at an average cost of $175.60 per share, with a total value of $27,471,917.60. Following the completion of the transaction, the insider now directly owns 2,461,668 shares of the company's stock, valued at $432,268,900.80. This trade represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,921,383 shares of company stock valued at $304,417,051 and have sold 5,833 shares valued at $838,785. Insiders own 53.80% of the company's stock.

TKO Group Trading Down 1.6 %

TKO stock traded down $2.34 during midday trading on Thursday, reaching $146.20. The stock had a trading volume of 487,165 shares, compared to its average volume of 1,084,880. 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 twelve month low of $94.32 and a twelve month high of $179.09. The firm has a market cap of $25.03 billion, a price-to-earnings ratio of -346.12 and a beta of 0.90. The business has a fifty day simple moving average of $154.45 and a two-hundred day simple moving average of $141.27.

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.04%. TKO Group's payout ratio is presently 7,600.00%.

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.