TKO Group Holdings, Inc. (NYSE:TKO) Stake Cut by Boston Partners

Boston Partners lessened its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 35.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,320 shares of the company’s stock after selling 36,399 shares during the quarter. Boston Partners’ holdings in TKO Group were worth $9,425,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. M&T Bank Corp boosted 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 purchasing an additional 64 shares during the period. Blue Trust Inc. boosted its stake in shares of TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after buying an additional 73 shares during the period. US Bancorp DE grew its holdings in shares of TKO Group by 18.0% during the 4th quarter. US Bancorp DE now owns 565 shares of the company’s stock valued at $80,000 after acquiring an additional 86 shares in the last quarter. Coldstream Capital Management Inc. increased its stake 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 worth $379,000 after acquiring an additional 97 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings 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 worth $2,629,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the topic of a number of recent research reports. UBS Group boosted their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Guggenheim raised their price objective on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. 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 lifted 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. Finally, Benchmark reissued a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

TKO Group Stock Performance

Shares of NYSE TKO opened at $150.45 on Friday. 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 cap of $25.75 billion, a P/E ratio of -358.20 and a beta of 1.08. The business’s 50 day moving average is $154.14 and its two-hundred day moving average is $137.82. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s payout ratio is currently 7,600.00%.

Insider Buying and Selling at TKO Group

In related news, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares in the company, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell purchased 125,589 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average price of $143.06 per share, for a total transaction of $17,966,762.34. Following the completion of the purchase, the insider now directly owns 807,376 shares of the company’s stock, valued at approximately $115,503,210.56. This trade represents a 18.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

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.