TKO Group Holdings, Inc. (NYSE:TKO) Director Buys $33,302.69 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Sonya E. Medina bought 233 shares of the stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the acquisition, the director now 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 acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TKO Group Stock Up 0.4 %

Shares of NYSE TKO opened at $150.45 on Friday. 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 firm’s 50-day moving average is $154.14 and its two-hundred day moving average is $137.82. TKO Group Holdings, Inc. has a 12-month low of $84.88 and a 12-month high of $179.09. The company has a market capitalization of $25.75 billion, a PE ratio of -358.20 and a beta of 1.08.

TKO Group Announces Dividend

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 issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Hedge Funds Weigh In On TKO Group

A number of institutional investors have recently made changes to their positions in TKO. Focus Partners Advisor Solutions LLC increased its position in TKO Group by 3.6% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company’s stock worth $261,000 after purchasing an additional 63 shares in the last quarter. M&T Bank Corp grew its holdings 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 buying an additional 64 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after buying an additional 73 shares in the last quarter. Bessemer Group Inc. raised its position in shares of TKO Group by 0.3% in the fourth quarter. Bessemer Group Inc. now owns 26,174 shares of the company’s stock valued at $3,720,000 after buying an additional 78 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of TKO Group by 18.0% during the fourth quarter. US Bancorp DE now owns 565 shares of the company’s stock valued at $80,000 after buying an additional 86 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TKO has been the topic of a number of analyst reports. UBS Group lifted their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Guggenheim lifted their price target on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Benchmark restated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average price target of $157.00.

About TKO Group

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.