Boston Partners Sells 36,399 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Boston Partners lessened its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,320 shares of the company's stock after selling 36,399 shares during the quarter. Boston Partners' holdings in TKO Group were worth $9,425,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TKO. Oppenheimer & Co. Inc. acquired a new stake in shares of TKO Group in the third quarter worth $222,000. Natixis Advisors LLC boosted its position in TKO Group by 237.0% during the 3rd quarter. Natixis Advisors LLC now owns 43,576 shares of the company's stock worth $5,391,000 after acquiring an additional 30,647 shares during the period. Mutual of America Capital Management LLC grew its stake in TKO Group by 6.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 35,905 shares of the company's stock valued at $4,442,000 after acquiring an additional 2,179 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in TKO Group by 9.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 15,608 shares of the company's stock valued at $1,931,000 after acquiring an additional 1,376 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of TKO Group in the 3rd quarter valued at about $715,000. Institutional investors and hedge funds own 89.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TKO. Pivotal Research reiterated a "buy" rating and issued a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. UBS Group increased their price objective on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Benchmark restated a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised their price target on TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Finally, Guggenheim lifted their price target on TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Two equities 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $157.00.

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Insider Buying and Selling

In related news, Director Jonathan Kraft bought 3,500 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the purchase, the director now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark S. Shapiro sold 31,666 shares of TKO Group stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $4,494,672.04. Following the sale, the insider now owns 73,677 shares in the company, valued at $10,457,713.38. This represents a 30.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 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.

TKO Group Stock Performance

TKO Group stock traded up $1.74 during trading hours on Tuesday, reaching $154.65. 1,239,000 shares of the company were exchanged, compared to its average volume of 1,049,996. TKO Group Holdings, Inc. has a 12 month low of $84.88 and a 12 month high of $179.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average of $154.55 and a 200 day moving average of $138.58. The firm has a market cap of $26.47 billion, a price-to-earnings ratio of -368.21 and a beta of 1.08.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 0.98%. TKO Group's payout ratio is presently 7,600.00%.

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.