TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 1.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 71,146 shares of the company’s stock after selling 935 shares during the quarter. Gabelli Funds LLC’s holdings in TKO Group were worth $10,111,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TKO. M&T Bank Corp lifted its position in TKO Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock valued at $389,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of TKO Group by 28.2% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of TKO Group by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company’s stock valued at $3,720,000 after purchasing an additional 78 shares during the period. US Bancorp DE grew its stake in TKO Group by 18.0% during the 4th quarter. US Bancorp DE now owns 565 shares of the company’s stock worth $80,000 after buying an additional 86 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in 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 buying an additional 100 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TKO. Benchmark reissued a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Guggenheim increased their price target on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Morgan Stanley lifted their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Pivotal Research reiterated a “buy” rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Finally, UBS Group boosted their price target on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and an average target price of $159.36.

TKO Group Stock Performance

NYSE TKO opened at $148.30 on Thursday. The stock has a market capitalization of $25.38 billion, a price-to-earnings ratio of -353.10 and a beta of 0.90. The business’s 50 day moving average is $153.09 and its two-hundred day moving average is $141.98. TKO Group Holdings, Inc. has a 12-month low of $94.32 and a 12-month high of $179.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, March 14th. TKO Group’s dividend payout ratio is presently 7,600.00%.

Insiders Place Their Bets

In other TKO Group news, CFO Andrew M. Schleimer sold 3,265 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total transaction of $469,507.00. Following the transaction, the chief financial officer now directly owns 9,563 shares in the company, valued at approximately $1,375,159.40. This represents a 25.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Patrick Whitesell bought 108,476 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average cost of $144.13 per share, with a total value of $15,634,645.88. Following the completion of the acquisition, the insider now owns 915,852 shares of the company’s stock, valued at $132,001,748.76. This represents a 13.44 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,921,383 shares of company stock worth $304,417,051 and sold 5,833 shares worth $838,785. 53.80% of the stock is currently 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.