TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 119.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,665 shares of the company's stock after acquiring an additional 52,089 shares during the period. Natixis Advisors LLC owned 0.06% of TKO Group worth $13,595,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. M&T Bank Corp grew its position in shares of TKO Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company's stock worth $389,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. grew its position in shares of TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company's stock worth $47,000 after acquiring an additional 73 shares during the last quarter. US Bancorp DE lifted its holdings in shares of TKO Group by 18.0% during the fourth quarter. US Bancorp DE now owns 565 shares of the company's stock worth $80,000 after purchasing an additional 86 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of TKO Group by 3.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company's stock worth $379,000 after purchasing an additional 97 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of TKO Group by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company's stock worth $2,629,000 after purchasing an additional 100 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling

In related news, CFO Andrew M. Schleimer sold 5,419 shares of the business's 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 sale, the chief financial officer now directly owns 6,995 shares in the company, valued at $992,870.30. The trade was a 43.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Whitesell acquired 177,861 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the completion of the transaction, the insider now directly owns 2,188,966 shares in the company, valued at approximately $363,346,466.34. This represents a 8.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,921,383 shares of company stock worth $304,417,051 and have sold 71,457 shares worth $10,153,456. Insiders own 53.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TKO. UBS Group increased their price target on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Guggenheim increased their price target on TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Citigroup increased their price target on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Morgan Stanley increased their price target on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Finally, The Goldman Sachs Group increased their price target on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $157.00.

TKO Group Price Performance

Shares of TKO Group stock traded down $0.63 on Friday, hitting $149.77. The company's stock had a trading volume of 19,094,554 shares, compared to its average volume of 1,045,649. TKO Group Holdings, Inc. has a 52-week low of $84.88 and a 52-week 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 firm has a fifty day moving average price of $154.33 and a 200-day moving average price of $138.18. The company has a market capitalization of $25.64 billion, a P/E ratio of -356.59 and a beta of 1.08.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. TKO Group's dividend payout ratio is presently 7,600.00%.

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.