Guggenheim Capital LLC Acquires Shares of 7,007 TKO Group Holdings, Inc. (NYSE:TKO)

Guggenheim Capital LLC acquired a new stake 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 institutional investor acquired 7,007 shares of the company's stock, valued at approximately $996,000.

Other hedge funds also recently modified their holdings of the company. M&T Bank Corp raised its holdings in TKO Group by 2.4% in the 4th 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 during the period. Blue Trust Inc. lifted its holdings in TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company's stock worth $47,000 after purchasing an additional 73 shares during the last quarter. Bessemer Group Inc. boosted its stake in TKO Group by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company's stock valued at $3,720,000 after purchasing an additional 78 shares during the period. US Bancorp DE grew its holdings in TKO Group by 18.0% in the 4th quarter. US Bancorp DE now owns 565 shares of the company's stock valued at $80,000 after buying an additional 86 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in TKO Group by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company's stock worth $2,629,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Price Performance

Shares of TKO stock opened at $148.25 on Wednesday. The business has a fifty day simple moving average of $150.87 and a 200 day simple moving average of $142.73. The company has a market cap of $25.38 billion, a P/E ratio of -352.97 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 twelve month low of $94.32 and a twelve month high of $179.09.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.03%. TKO Group's dividend payout ratio (DPR) is currently 7,600.00%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Benchmark restated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Guggenheim increased their price target on TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, UBS Group lifted their price objective on TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Two investment 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. According to data from MarketBeat, TKO Group currently has an average rating of "Moderate Buy" and a consensus price target of $159.36.

Insider Activity

In other news, major shareholder Patrick Whitesell purchased 177,861 shares of the company's stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $165.99 per share, for a total transaction of $29,523,147.39. Following the purchase, the insider now owns 2,188,966 shares of the company's stock, valued at approximately $363,346,466.34. The trade was a 8.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sonya E. Medina acquired 233 shares of the business's stock in a transaction that occurred on 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 acquisition, the director now owns 2,000 shares in the company, 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. In the last three months, insiders have purchased 1,571,366 shares of company stock worth $254,135,948. Corporate insiders own 53.80% of the company's stock.

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.

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