Headlands Technologies LLC Trims Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Headlands Technologies LLC decreased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 85.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276 shares of the company’s stock after selling 1,673 shares during the period. Headlands Technologies LLC’s holdings in TKO Group were worth $39,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in shares of TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in TKO Group in the 4th quarter worth $32,000. Game Plan Financial Advisors LLC lifted its position in shares of TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after purchasing an additional 155 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of TKO Group during the 4th quarter valued at about $38,000. Finally, UMB Bank n.a. increased its position in shares of TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

NYSE TKO opened at $138.93 on Wednesday. TKO Group Holdings, Inc. has a one year low of $94.32 and a one year high of $179.09. The stock has a 50-day moving average of $154.76 and a 200 day moving average of $141.03. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $23.78 billion, a price-to-earnings ratio of -330.79 and a beta of 0.90.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.09%. The ex-dividend date was Friday, March 14th. TKO Group’s dividend payout ratio is currently 7,600.00%.

Insiders Place Their Bets

In other news, Director Sonya E. Medina acquired 233 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $285,860. The trade was a 13.19 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell bought 156,446 shares of the stock in a transaction on Tuesday, February 11th. The stock was purchased at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the acquisition, the insider now owns 2,461,668 shares of the company’s stock, valued at $432,268,900.80. This trade represents a 6.79 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,921,383 shares of company stock valued at $304,417,051 and sold 5,833 shares valued at $838,785. 53.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TKO shares. UBS Group lifted their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group upped their price target on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Guggenheim raised their price objective on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Pivotal Research reaffirmed a “buy” rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Finally, Morgan Stanley lifted their price target on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Two 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, TKO Group presently has an average rating of “Moderate Buy” and an average target price of $157.00.

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.