Harvest Fund Management Co. Ltd Invests $939,000 in TKO Group Holdings, Inc. (NYSE:TKO)

Harvest Fund Management Co. Ltd acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,602 shares of the company's stock, valued at approximately $939,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Ninety One UK Ltd grew its position in shares of TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock worth $589,985,000 after buying an additional 163,980 shares in the last quarter. State Street Corp grew its holdings in TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company's stock worth $253,966,000 after acquiring an additional 192,602 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company's stock worth $210,892,000 after purchasing an additional 383,869 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of TKO Group by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company's stock valued at $154,185,000 after purchasing an additional 13,148 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of TKO Group by 7.4% during the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company's stock worth $153,931,000 after purchasing an additional 85,160 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Transactions at TKO Group

In related news, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the transaction, the chief financial officer now owns 6,995 shares in the company, valued at $992,870.30. This represents a 43.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of the business's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the sale, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,921,383 shares of company stock worth $304,417,051 and sold 71,457 shares worth $10,153,456. Insiders own 53.80% of the company's stock.

Analyst Ratings Changes

TKO has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. The Goldman Sachs Group boosted their price target on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. UBS Group raised their price objective on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Finally, Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $157.00.

TKO Group Stock Performance

Shares of TKO Group stock traded up $1.74 during trading on Tuesday, hitting $154.65. 1,239,000 shares of the stock were exchanged, compared to its average volume of 1,049,996. The stock has a market cap of $26.47 billion, a PE ratio of -368.21 and a beta of 1.08. The stock's fifty day moving average is $154.55 and its 200 day moving average is $138.58. TKO Group Holdings, Inc. has a 12 month low of $84.88 and a 12 month high of $179.09. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. TKO Group's dividend payout ratio (DPR) is presently 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.