TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 502.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,162 shares of the company's stock after acquiring an additional 50,179 shares during the period. WINTON GROUP Ltd's holdings in TKO Group were worth $8,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of TKO Group by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock valued at $66,691,000 after acquiring an additional 16,536 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of TKO Group by 21.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company's stock valued at $2,836,000 after purchasing an additional 3,572 shares during the period. Twin Tree Management LP grew its stake in TKO Group by 147.0% in the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company's stock worth $17,581,000 after purchasing an additional 73,617 shares in the last quarter. Park Avenue Securities LLC increased its holdings in TKO Group by 59.2% during the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company's stock worth $1,848,000 after purchasing an additional 4,836 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in shares of TKO Group by 11.0% in the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company's stock valued at $9,984,000 after acquiring an additional 8,006 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In related news, insider Mark S. Shapiro sold 31,666 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $4,494,672.04. Following the completion of the transaction, the insider now owns 73,677 shares in the company, valued at approximately $10,457,713.38. The trade was a 30.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sonya E. Medina purchased 233 shares of the firm's stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, with a total value of $33,302.69. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group upped their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Benchmark restated a "hold" rating on shares of TKO Group in a research note 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. Finally, Pivotal Research reiterated a "buy" rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $157.00.

TKO Group Trading Up 1.8 %

Shares of TKO traded up $2.69 during midday trading on Monday, reaching $152.39. The company had a trading volume of 467,324 shares, compared to its average volume of 1,653,560. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $155.35 and a 200-day simple moving average of $139.66. TKO Group Holdings, Inc. has a 1-year low of $85.01 and a 1-year high of $179.09. The stock has a market cap of $26.08 billion, a PE ratio of -363.03 and a beta of 1.08.

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, March 14th. TKO Group's dividend payout ratio is presently 7,600.00%.

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.