Arrowstreet Capital Limited Partnership Purchases New Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Arrowstreet Capital Limited Partnership acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 385,459 shares of the company's stock, valued at approximately $54,778,000. Arrowstreet Capital Limited Partnership owned about 0.23% of TKO Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in TKO Group by 5.3% during the third quarter. The Manufacturers Life Insurance Company now owns 57,555 shares of the company's stock valued at $7,120,000 after purchasing an additional 2,902 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in TKO Group by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 198,864 shares of the company's stock valued at $24,601,000 after buying an additional 6,770 shares during the last quarter. Aureus Asset Management LLC acquired a new position in TKO Group in the 3rd quarter valued at $243,000. HighVista Strategies LLC acquired a new position in TKO Group during the 3rd quarter worth $1,447,000. Finally, HighTower Advisors LLC lifted its position in 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 acquiring an additional 16,746 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In related news, CFO Andrew M. Schleimer sold 3,265 shares of TKO Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total value of $469,507.00. Following the completion of the transaction, the chief financial officer now directly owns 9,563 shares of the company's stock, valued at $1,375,159.40. The trade was a 25.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Patrick Whitesell acquired 108,476 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were bought at an average cost of $144.13 per share, for a total transaction of $15,634,645.88. Following the acquisition, the insider now owns 915,852 shares in the company, valued at approximately $132,001,748.76. The trade was a 13.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,921,383 shares of company stock worth $304,417,051 and sold 5,833 shares worth $838,785. Corporate insiders own 53.80% of the company's stock.

TKO Group Price Performance

TKO traded down $10.70 during midday trading on Friday, reaching $139.74. 2,355,482 shares of the company's stock were exchanged, compared to its average volume of 1,084,371. TKO Group Holdings, Inc. has a one year low of $91.38 and a one year high of $179.09. The firm has a market capitalization of $23.92 billion, a price-to-earnings ratio of -332.71 and a beta of 1.08. The business has a 50-day simple moving average of $155.76 and a two-hundred day simple moving average of $140.55. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.09%. TKO Group's dividend payout ratio is currently 7,600.00%.

Analysts Set New Price Targets

A number of research firms have recently commented on TKO. JPMorgan Chase & Co. lifted their price objective on TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group increased their price objective on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. 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 note on Thursday, February 27th. Finally, Guggenheim increased their price target on shares of TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, TKO Group presently 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.