Greenland Capital Management LP Invests $516,000 in TKO Group Holdings, Inc. (NYSE:TKO)

Greenland Capital Management LP purchased a new stake in 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 (SEC). The fund purchased 3,630 shares of the company's stock, valued at approximately $516,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in TKO Group in the 4th quarter valued at $104,613,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of TKO Group in the fourth quarter valued at about $54,778,000. Alliancebernstein L.P. boosted its position in shares of TKO Group by 277.4% during the fourth quarter. Alliancebernstein L.P. now owns 343,671 shares of the company's stock worth $48,839,000 after buying an additional 252,613 shares during the period. Raymond James Financial Inc. acquired a new position in shares of TKO Group during the fourth quarter worth about $33,922,000. Finally, State Street Corp grew its holdings in shares of TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company's stock worth $253,966,000 after buying an additional 192,602 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Trading Up 3.1 %

TKO traded up $4.47 during trading on Monday, hitting $148.82. The company's stock had a trading volume of 192,394 shares, compared to its average volume of 1,648,909. The firm has a market capitalization of $25.47 billion, a P/E ratio of -354.33 and a beta of 0.90. TKO Group Holdings, Inc. has a twelve month low of $94.32 and a twelve month high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock's fifty day moving average price is $153.95 and its 200-day moving average price is $141.72.

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TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, March 14th. TKO Group's payout ratio is 7,600.00%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TKO. UBS Group boosted their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Citigroup increased their target price on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Guggenheim increased their price objective on shares of TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley raised their price objective on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Two equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $159.36.

Insider Buying and Selling at TKO Group

In other news, CEO Ariel Emanuel purchased 115,952 shares of the business'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 owns 1,031,804 shares in the company, valued at $148,425,005.40. This trade represents a 12.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sonya E. Medina bought 233 shares of TKO Group stock in a transaction dated Monday, March 17th. The stock was acquired 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 of the company's stock, valued at $285,860. This represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,921,383 shares of company stock valued at $304,417,051 and sold 5,833 shares valued at $838,785. Insiders own 53.80% of the company's stock.

TKO Group Company 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.