Massar Capital Management LP Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

Massar Capital Management LP bought a new position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,777 shares of the company's stock, valued at approximately $6,932,000. TKO Group comprises about 7.9% of Massar Capital Management LP's investment portfolio, making the stock its 3rd largest position.

Other large investors have also made changes to their positions in the company. J. Safra Sarasin Holding AG lifted its position in shares of TKO Group by 12.4% during the 4th quarter. J. Safra Sarasin Holding AG now owns 3,440 shares of the company's stock valued at $489,000 after buying an additional 380 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in TKO Group by 16.2% during the 4th quarter. OneDigital Investment Advisors LLC now owns 3,169 shares of the company's stock worth $450,000 after acquiring an additional 442 shares during the period. Tower Research Capital LLC TRC lifted its holdings in TKO Group by 63.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,668 shares of the company's stock valued at $663,000 after purchasing an additional 1,811 shares in the last quarter. TFJ Management LLC bought a new position in shares of TKO Group in the fourth quarter worth approximately $1,352,000. Finally, MetLife Investment Management LLC increased its stake in shares of TKO Group by 9.0% in the fourth quarter. MetLife Investment Management LLC now owns 38,205 shares of the company's stock worth $5,429,000 after purchasing an additional 3,157 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Trading Up 1.3 %

NYSE:TKO traded up $1.99 during midday trading on Friday, hitting $157.27. 1,430,591 shares of the company traded hands, compared to its average volume of 1,097,467. The firm has a market capitalization of $26.92 billion, a P/E ratio of -374.45 and a beta of 0.90. The firm's fifty day moving average is $149.98 and its 200-day moving average is $142.99. TKO Group Holdings, Inc. has a 12-month low of $94.63 and a 12-month 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.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.38 per share. 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 0.97%. TKO Group's dividend payout ratio is presently 7,600.00%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TKO. Benchmark reiterated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Morgan Stanley increased their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Pivotal Research reissued a "buy" rating and issued a $195.00 target price (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Guggenheim restated a "buy" rating and set a $175.00 target price on shares of TKO Group in a research report on Wednesday. Finally, Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $159.36.

Insider Activity at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell acquired 89,234 shares of the business's stock in a transaction on Monday, January 27th. The shares were bought at an average price of $153.18 per share, with a total value of $13,668,864.12. Following the transaction, the insider now directly owns 1,347,034 shares of the company's stock, valued at $206,338,668.12. The trade was a 7.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jonathan Kraft purchased 3,500 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the acquisition, the director now owns 23,500 shares of the company's stock, valued at approximately $3,306,215. The trade was a 17.50 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,345,370 shares of company stock worth $219,805,951. Insiders own 53.80% 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.