Thrivent Financial for Lutherans Acquires 32,412 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Thrivent Financial for Lutherans boosted its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 207.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,020 shares of the company's stock after purchasing an additional 32,412 shares during the quarter. Thrivent Financial for Lutherans' holdings in TKO Group were worth $6,824,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp increased 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 acquiring an additional 64 shares in the last quarter. Blue Trust Inc. increased its holdings 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 purchasing an additional 73 shares in the last quarter. US Bancorp DE raised its stake in shares of TKO Group by 18.0% in the fourth quarter. US Bancorp DE now owns 565 shares of the company's stock worth $80,000 after purchasing an additional 86 shares during the last quarter. Coldstream Capital Management Inc. lifted 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 in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of TKO Group by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company's stock valued at $2,629,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several brokerages have weighed in on TKO. Benchmark restated a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. UBS Group boosted their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, Pivotal Research reaffirmed a "buy" rating and set a $195.00 price target (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

TKO Group Stock Performance

NYSE:TKO traded up $0.51 on Tuesday, reaching $153.42. 634,626 shares of the company's stock were exchanged, compared to its average volume of 1,049,996. The firm has a market cap of $26.26 billion, a price-to-earnings ratio of -365.22 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a fifty day simple moving average of $154.55 and a 200-day simple moving average of $138.58. TKO Group Holdings, Inc. has a 52 week low of $84.88 and a 52 week high of $179.09.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 0.99%. TKO Group's dividend payout ratio is currently 7,600.00%.

Insider Transactions at TKO Group

In other news, Director Jonathan Kraft acquired 3,500 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the transaction, the director now owns 23,500 shares of the company's stock, valued at $3,306,215. The trade was a 17.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sonya E. Medina bought 233 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at $285,860. This trade represents a 13.19 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. Corporate insiders own 53.80% of the company's stock.

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.