Campbell Capital Management Inc. Acquires New Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Campbell Capital Management Inc. acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $142,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in TKO Group by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock valued at $66,691,000 after purchasing an additional 16,536 shares during the period. Park Avenue Securities LLC lifted its position in TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after purchasing an additional 4,836 shares during the period. Retirement Systems of Alabama lifted its position in TKO Group by 11.0% during the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after purchasing an additional 8,006 shares during the period. HighTower Advisors LLC lifted its position in TKO Group by 177.2% during the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock valued at $3,225,000 after purchasing an additional 16,746 shares during the period. Finally, Petrus Trust Company LTA bought a new position in TKO Group during the third quarter valued at approximately $597,000. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TKO shares. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Morgan Stanley upped their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Pivotal Research reaffirmed 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. Guggenheim upped their target price on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Citigroup upped their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

TKO Group Stock Performance

TKO opened at $139.26 on Friday. The stock has a market capitalization of $23.84 billion, a price-to-earnings ratio of -331.56 and a beta of 1.08. The company has a fifty day moving average of $153.66 and a 200 day moving average of $136.98. TKO Group Holdings, Inc. has a fifty-two week low of $79.44 and a fifty-two week high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.09%. TKO Group’s dividend payout ratio (DPR) is currently 7,600.00%.

Insider Buying and Selling at TKO Group

In other TKO Group news, Director Jonathan Kraft acquired 3,500 shares of the stock in a transaction on Friday, March 7th. The stock was acquired at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the transaction, the director now directly owns 23,500 shares of the company’s stock, valued at $3,306,215. This trade represents 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 hyperlink. Also, major shareholder Patrick Whitesell bought 263,200 shares of the stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the acquisition, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. The trade was a 169.38 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 2,184,350 shares of company stock worth $343,066,252 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by company insiders.

TKO Group 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.