New Age Alpha Advisors LLC Takes $520,000 Position in TKO Group Holdings, Inc. (NYSE:TKO)

New Age Alpha Advisors LLC purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,662 shares of the company's stock, valued at approximately $520,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its position in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group during the fourth quarter worth $32,000. Game Plan Financial Advisors LLC grew its holdings in TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock valued at $35,000 after purchasing an additional 155 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in TKO Group during the 4th quarter worth $38,000. Finally, UMB Bank n.a. increased its stake in TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after buying an additional 115 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jonathan Kraft purchased 3,500 shares of the stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the transaction, the director now owns 23,500 shares in the company, valued at $3,306,215. This trade represents a 17.50 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sonya E. Medina acquired 233 shares of the business's stock in a transaction dated Monday, March 17th. The stock was purchased at an average price of $142.93 per share, with a total value of $33,302.69. Following the acquisition, the director now owns 2,000 shares of the company's stock, valued at approximately $285,860. This trade 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 1,921,383 shares of company stock worth $304,417,051 and have sold 5,833 shares worth $838,785. 53.80% of the stock is owned by insiders.

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TKO Group Stock Performance

NYSE:TKO traded down $10.70 during mid-day trading on Friday, hitting $139.74. The stock had a trading volume of 2,355,482 shares, compared to its average volume of 1,085,550. TKO Group Holdings, Inc. has a 52 week low of $93.50 and a 52 week high of $179.09. The stock has a market capitalization of $23.92 billion, a price-to-earnings ratio of -332.71 and a beta of 1.08. The company has a 50 day simple moving average of $155.76 and a 200-day simple moving average of $140.68. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.09%. TKO Group's payout ratio is 7,600.00%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TKO shares. Benchmark restated a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. JPMorgan Chase & Co. upped their target price on TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Citigroup raised their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. 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 report on Friday, January 24th. Finally, Pivotal Research reissued a "buy" rating and set a $195.00 price objective (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $157.00.

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.