Clearbridge Investments LLC Decreases Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Clearbridge Investments LLC cut its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,631,450 shares of the company's stock after selling 197,623 shares during the quarter. Clearbridge Investments LLC owned 0.96% of TKO Group worth $231,845,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after acquiring an additional 151 shares during the period. Geneos Wealth Management Inc. bought a new stake in TKO Group in the fourth quarter valued at approximately $32,000. Game Plan Financial Advisors LLC boosted its stake in shares of TKO Group by 172.2% during the fourth 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 during the period. SBI Securities Co. Ltd. bought a new position in shares of TKO Group in the fourth quarter worth approximately $38,000. Finally, UMB Bank n.a. grew its holdings in shares of TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after purchasing an additional 115 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on TKO shares. 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. Pivotal Research reiterated a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Citigroup boosted their price target on TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Benchmark reiterated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Finally, The Goldman Sachs Group boosted their target price on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

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TKO Group Stock Down 7.1 %

TKO traded down $10.70 during midday trading on Friday, reaching $139.74. The company's stock had a trading volume of 2,355,482 shares, compared to its average volume of 1,084,371. TKO Group Holdings, Inc. has a 1 year low of $91.38 and a 1 year high of $179.09. The stock's 50-day moving average is $155.76 and its 200-day moving average is $140.55. The firm 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 current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

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 given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Friday, March 14th. TKO Group's dividend payout ratio (DPR) is presently 7,600.00%.

Insider Buying and Selling at TKO Group

In related news, CEO Ariel Emanuel purchased 115,952 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was purchased at an average price of $143.85 per share, with a total value 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 trade represents a 12.66 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sonya E. Medina purchased 233 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the purchase, the director now owns 2,000 shares in the company, valued at $285,860. This represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, 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 company insiders.

TKO Group Company 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.