Epoch Investment Partners Inc. Grows Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Epoch Investment Partners Inc. boosted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 1.9% in the fourth quarter, Holdings Channel reports. The fund owned 851,563 shares of the company’s stock after purchasing an additional 16,112 shares during the quarter. Epoch Investment Partners Inc.’s holdings in TKO Group were worth $121,016,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. MML Investors Services LLC lifted its stake in shares of TKO Group by 3.8% in the 3rd quarter. MML Investors Services LLC now owns 5,604 shares of the company’s stock worth $693,000 after purchasing an additional 207 shares during the period. Virtu Financial LLC purchased a new stake in shares of TKO Group in the 3rd quarter worth $221,000. Sanctuary Advisors LLC raised its holdings in TKO Group by 38.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,712 shares of the company’s stock worth $911,000 after purchasing an additional 1,858 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in TKO Group during the third quarter valued at about $426,000. Finally, Tidal Investments LLC increased its position in TKO Group by 259.1% in the third quarter. Tidal Investments LLC now owns 21,803 shares of the company’s stock worth $2,697,000 after buying an additional 15,732 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Insiders Place Their Bets

In related news, Director Sonya E. Medina bought 233 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the acquisition, the director now owns 2,000 shares in the company, valued at $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ariel Emanuel bought 115,952 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average cost of $143.85 per share, for a total transaction of $16,679,695.20. Following the transaction, the chief executive officer now owns 1,031,804 shares in the company, valued at approximately $148,425,005.40. The trade was a 12.66 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,795,794 shares of company stock valued at $286,450,289 and have sold 5,833 shares valued at $838,785. 53.80% of the stock is currently owned by insiders.

TKO Group Price Performance

TKO Group stock opened at $149.41 on Friday. TKO Group Holdings, Inc. has a 52-week low of $94.32 and a 52-week high of $179.09. The company has a market cap of $25.57 billion, a price-to-earnings ratio of -355.73 and a beta of 0.90. The firm’s fifty day moving average is $152.07 and its 200 day moving average is $142.34. 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 Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group’s payout ratio is 7,600.00%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TKO shares. UBS Group increased their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Guggenheim increased their target price on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Morgan Stanley boosted their price target on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Finally, 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 report on Friday, January 24th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.36.

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.