Barings LLC Takes $1.33 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Barings LLC purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO) during the 4th quarter, HoldingsChannel reports. The firm purchased 9,338 shares of the company’s stock, valued at approximately $1,327,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TKO. Smartleaf Asset Management LLC grew its position in shares of TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group in the fourth quarter valued at about $32,000. First Horizon Advisors Inc. grew its position in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares during the last quarter. Game Plan Financial Advisors LLC grew its position in shares of TKO Group by 172.2% in 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 last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of TKO Group in the fourth quarter valued at about $38,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell bought 31,352 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the completion of the purchase, the insider now owns 1,674,322 shares of the company’s stock, valued at approximately $237,803,953.66. The trade was a 1.91 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ariel Emanuel bought 117,769 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the purchase, the chief executive officer now directly owns 2,579,437 shares of the company’s stock, valued at $452,433,249.80. The trade was a 4.78 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

TKO Group Stock Down 2.4 %

Shares of TKO opened at $143.39 on Friday. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of -341.40 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12 month low of $79.32 and a 12 month high of $179.09. The company has a 50-day moving average price of $153.64 and a two-hundred day moving average price of $136.25.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio is 7,600.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TKO shares. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Guggenheim lifted their target price on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Benchmark reissued a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Citigroup lifted their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, UBS Group lifted their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.00.

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.