Gamco Investors INC. ET AL Sells 3,200 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Gamco Investors INC. ET AL lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 13.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,500 shares of the company's stock after selling 3,200 shares during the period. Gamco Investors INC. ET AL's holdings in TKO Group were worth $3,055,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in TKO Group in the fourth quarter valued at about $104,613,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of TKO Group during the fourth quarter worth approximately $54,778,000. Alliancebernstein L.P. lifted its holdings in TKO Group by 277.4% in the fourth quarter. Alliancebernstein L.P. now owns 343,671 shares of the company's stock valued at $48,839,000 after buying an additional 252,613 shares during the period. Raymond James Financial Inc. bought a new position in TKO Group in the fourth quarter valued at approximately $33,922,000. Finally, Independent Franchise Partners LLP grew its holdings in TKO Group by 7.4% during the 4th quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock worth $484,473,000 after acquiring an additional 235,420 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Stock Down 4.0 %

Shares of TKO traded down $5.97 during mid-day trading on Monday, hitting $143.25. 1,192,255 shares of the company's stock were exchanged, compared to its average volume of 1,089,943. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 52 week low of $94.32 and a 52 week high of $179.09. The company has a market cap of $24.52 billion, a PE ratio of -341.07 and a beta of 0.90. The company has a 50-day simple moving average of $152.07 and a 200 day simple moving average of $142.58.

TKO Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.38 per share. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.06%. TKO Group's dividend payout ratio (DPR) is presently 7,600.00%.

Insider Transactions at TKO Group

In other TKO Group news, Director Sonya E. Medina acquired 233 shares of the company's stock in a transaction on Monday, March 17th. The shares were purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at approximately $285,860. This represents a 13.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell bought 108,476 shares of TKO Group stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average price of $144.13 per share, with a total value of $15,634,645.88. Following the completion of the purchase, the insider now directly owns 915,852 shares in the company, valued at $132,001,748.76. This trade represents a 13.44 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 1,795,794 shares of company stock worth $286,450,289 and sold 5,833 shares worth $838,785. Company insiders own 53.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on TKO shares. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Morgan Stanley upped their price target on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Benchmark reissued a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. UBS Group upped their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Finally, Guggenheim lifted their price target on shares of TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, ten have given 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 target price of $159.36.

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.