Orion Portfolio Solutions LLC Takes $483,000 Position in TKO Group Holdings, Inc. (NYSE:TKO)

Orion Portfolio Solutions LLC bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,401 shares of the company's stock, valued at approximately $483,000.

Several other hedge funds also recently modified their holdings of TKO. HighTower Advisors LLC lifted its position in shares of TKO Group by 177.2% during the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company's stock valued at $3,225,000 after purchasing an additional 16,746 shares in the last quarter. Janus Henderson Group PLC increased its stake in TKO Group by 1.1% in the 3rd quarter. Janus Henderson Group PLC now owns 34,245 shares of the company's stock valued at $4,237,000 after buying an additional 367 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of TKO Group by 6.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company's stock worth $263,000 after buying an additional 125 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of TKO Group by 0.7% in the 3rd quarter. Quantinno Capital Management LP now owns 28,675 shares of the company's stock worth $3,547,000 after buying an additional 207 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of TKO Group by 3.0% in the third quarter. Stifel Financial Corp now owns 24,837 shares of the company's stock valued at $3,073,000 after acquiring an additional 729 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

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TKO Group Stock Performance

TKO stock traded down $0.85 during midday trading on Friday, reaching $144.24. 1,233,871 shares of the company's stock traded hands, compared to its average volume of 1,090,779. TKO Group Holdings, Inc. has a 52 week low of $94.32 and a 52 week high of $179.09. The company has a 50-day moving average price of $153.95 and a two-hundred day moving average price of $141.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $24.69 billion, a PE ratio of -343.43 and a beta of 0.90.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. TKO Group's dividend payout ratio (DPR) is 7,600.00%.

Insiders Place Their Bets

In other news, Director Sonya E. Medina bought 233 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were acquired 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. The trade was a 13.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan Kraft purchased 3,500 shares of the business's stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $140.69 per share, with a total value of $492,415.00. Following the completion of the acquisition, the director now owns 23,500 shares in the company, valued at approximately $3,306,215. This trade represents a 17.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,921,383 shares of company stock worth $304,417,051 and sold 5,833 shares worth $838,785. 53.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on TKO shares. Guggenheim boosted their price objective on TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Benchmark restated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Pivotal Research reiterated a "buy" rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group raised their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Two investment 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

About TKO Group

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.