CenterBook Partners LP Sells 18,987 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

CenterBook Partners LP lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 47.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,013 shares of the company's stock after selling 18,987 shares during the period. CenterBook Partners LP's holdings in TKO Group were worth $2,986,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. M&T Bank Corp boosted its holdings in shares of TKO Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company's stock valued at $389,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. increased its position in shares of TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $47,000 after purchasing an additional 73 shares during the period. US Bancorp DE increased its position in shares of TKO Group by 18.0% during the 4th quarter. US Bancorp DE now owns 565 shares of the company's stock valued at $80,000 after purchasing an additional 86 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of TKO Group by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company's stock worth $379,000 after buying an additional 97 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in TKO Group by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company's stock valued at $2,629,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Pivotal Research reiterated a "buy" rating and issued a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. UBS Group boosted their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Guggenheim raised their target price on TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Morgan Stanley boosted their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $159.36.

Insider Buying and Selling

In other news, major shareholder Patrick Whitesell bought 156,446 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were bought at an average price of $175.60 per share, with a total value of $27,471,917.60. Following the completion of the transaction, the insider now 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sonya E. Medina purchased 233 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $142.93 per share, with a total value of $33,302.69. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $285,860. The trade was a 13.19 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,921,383 shares of company stock worth $304,417,051 and sold 5,833 shares worth $838,785. 53.80% of the stock is currently owned by corporate insiders.

TKO Group Stock Up 1.1 %

NYSE TKO traded up $1.60 during trading on Tuesday, hitting $149.73. The stock had a trading volume of 183,758 shares, compared to its average volume of 1,084,822. The company has a market capitalization of $25.63 billion, a PE ratio of -356.50 and a beta of 0.90. TKO Group Holdings, Inc. has a 12 month low of $94.32 and a 12 month high of $179.09. The company's 50-day moving average price is $153.69 and its two-hundred day moving average price is $141.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors 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 annualized dividend and a yield of 1.02%. TKO Group's dividend payout ratio (DPR) is currently 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.