Capital Fund Management S.A. Invests $3.10 Million in TKO Group Holdings, Inc. (NYSE:TKO)

Capital Fund Management S.A. bought 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 disclosure with the Securities and Exchange Commission. The fund bought 21,816 shares of the company's stock, valued at approximately $3,100,000.

A number of other large investors have also recently modified their holdings of TKO. Norges Bank purchased a new position in shares of TKO Group during the 4th quarter worth approximately $104,613,000. Arrowstreet Capital Limited Partnership purchased a new stake in TKO Group in the fourth quarter worth $54,778,000. Alliancebernstein L.P. raised its holdings in TKO Group by 277.4% in the fourth quarter. Alliancebernstein L.P. now owns 343,671 shares of the company's stock worth $48,839,000 after purchasing an additional 252,613 shares in the last quarter. Raymond James Financial Inc. purchased a new position in TKO Group during the fourth quarter valued at $33,922,000. Finally, Ninety One UK Ltd boosted its holdings in shares of TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after buying an additional 163,980 shares in the last quarter. Institutional investors own 89.79% of the company's stock.

Insider Transactions at TKO Group

In other news, Director Sonya E. Medina purchased 233 shares of the company's stock in a transaction dated Monday, March 17th. The shares were purchased at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $285,860. This represents a 13.19 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew M. Schleimer sold 3,265 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total value of $469,507.00. Following the sale, the chief financial officer now owns 9,563 shares of the company's stock, valued at approximately $1,375,159.40. This trade represents a 25.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,795,794 shares of company stock worth $286,450,289 and sold 5,833 shares worth $838,785. Company insiders own 53.80% of the company's stock.

TKO Group Stock Up 1.0 %

Shares of TKO Group stock traded up $1.45 on Friday, reaching $149.41. The company's stock had a trading volume of 705,710 shares, compared to its average volume of 1,087,027. The company has a market capitalization of $25.57 billion, a price-to-earnings ratio of -355.73 and a beta of 0.90. 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 52 week low of $94.32 and a 52 week high of $179.09. The firm's fifty day simple moving average is $152.61 and its two-hundred day simple moving average is $142.15.

TKO Group Announces Dividend

The business also recently announced 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. This represents a $1.52 annualized dividend and a yield of 1.02%. The ex-dividend date was Friday, March 14th. TKO Group's dividend payout ratio is currently 7,600.00%.

Wall Street Analyst Weigh In

TKO has been the subject of several research reports. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. 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 note on Thursday, February 27th. Guggenheim lifted their target price 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. UBS Group upped their price target on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Finally, Benchmark reiterated a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $159.36.

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.