Polymer Capital Management HK LTD Makes New Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Polymer Capital Management HK LTD acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,400 shares of the company's stock, valued at approximately $341,000.

A number of other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp boosted 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 buying an additional 64 shares during the period. Blue Trust Inc. boosted its position 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 acquiring an additional 73 shares during the last quarter. US Bancorp DE grew its stake in shares of TKO Group by 18.0% during the 4th quarter. US Bancorp DE now owns 565 shares of the company's stock worth $80,000 after acquiring an additional 86 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company's stock valued at $379,000 after purchasing an additional 97 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of TKO Group by 0.5% in 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 in the last quarter. Institutional investors own 89.79% of the company's stock.

TKO Group Stock Performance

TKO stock traded down $0.85 during mid-day trading on Friday, hitting $144.24. 1,233,871 shares of the company were exchanged, compared to its average volume of 1,090,779. TKO Group Holdings, Inc. has a 1-year low of $94.32 and a 1-year high of $179.09. The stock has a market capitalization of $24.69 billion, a PE ratio of -343.43 and a beta of 0.90. The business has a 50 day simple moving average of $153.95 and a 200-day simple moving average of $141.59. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

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TKO Group Announces Dividend

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

Insider Buying and Selling at TKO Group

In other news, major shareholder Patrick Whitesell purchased 156,446 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was bought at an average price of $175.60 per share, with a total value of $27,471,917.60. Following the acquisition, the insider now owns 2,461,668 shares in the company, valued at approximately $432,268,900.80. The trade was a 6.79 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ariel Emanuel purchased 115,952 shares of TKO Group stock in a transaction that occurred on Wednesday, January 22nd. The shares were purchased at an average price of $143.85 per share, for a total transaction of $16,679,695.20. Following the transaction, the chief executive officer now directly owns 1,031,804 shares in the company, valued at $148,425,005.40. This represents a 12.66 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,921,383 shares of company stock valued at $304,417,051 and have sold 5,833 shares valued at $838,785. Insiders own 53.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group lifted their target price on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Guggenheim increased their price target on TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Pivotal Research reaffirmed a "buy" rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Finally, UBS Group increased 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, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.