Proficio Capital Partners LLC Purchases New Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Proficio Capital Partners LLC acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,748 shares of the company's stock, valued at approximately $2,948,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake 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 valued at $210,892,000 after acquiring an additional 383,869 shares during the last quarter. State Street Corp increased its stake in shares of TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company's stock valued at $253,966,000 after acquiring an additional 192,602 shares during the last quarter. Ninety One UK Ltd increased its stake in shares of TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after acquiring an additional 163,980 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of TKO Group by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company's stock valued at $153,931,000 after acquiring an additional 85,160 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of TKO Group by 14.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company's stock valued at $56,010,000 after acquiring an additional 56,312 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

Remove Ads

Insider Activity at TKO Group

In other TKO Group news, Director Sonya E. Medina purchased 233 shares of the business's stock in a transaction on Monday, March 17th. The stock was acquired at an average price of $142.93 per share, with a total value of $33,302.69. Following the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $285,860. This trade represents a 13.19 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Patrick Whitesell bought 125,589 shares of the company's stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $143.06 per share, with a total value of $17,966,762.34. Following the acquisition, the insider now directly owns 807,376 shares of the company's stock, valued at approximately $115,503,210.56. This represents a 18.42 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 1,921,383 shares of company stock worth $304,417,051 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by company insiders.

TKO Group Stock Down 0.4 %

Shares of NYSE TKO traded down $0.63 during trading hours on Friday, hitting $149.77. The company had a trading volume of 19,094,554 shares, compared to its average volume of 1,045,944. The stock has a market capitalization of $25.64 billion, a P/E ratio of -356.59 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 1-year low of $84.88 and a 1-year high of $179.09. The firm's 50 day moving average is $154.33 and its 200-day moving average is $138.04.

TKO Group Dividend Announcement

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

Analyst Ratings Changes

TKO has been the subject of several research analyst reports. Benchmark reiterated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. 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 research report on Thursday, December 12th. Guggenheim boosted their price objective on TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. The Goldman Sachs Group upped their price target on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, Citigroup upped their price target on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Two 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's stock. According to MarketBeat, TKO Group presently 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.