Black Swift Group LLC Grows Position in TKO Group Holdings, Inc. (NYSE:TKO)

Black Swift Group LLC boosted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 48.8% during the 4th quarter, Holdings Channel reports. The firm owned 21,350 shares of the company’s stock after acquiring an additional 7,000 shares during the quarter. TKO Group comprises approximately 0.6% of Black Swift Group LLC’s investment portfolio, making the stock its 28th largest position. Black Swift Group LLC’s holdings in TKO Group were worth $3,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Park Avenue Securities LLC boosted its position in TKO Group by 59.2% in the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after buying an additional 4,836 shares during the last quarter. Retirement Systems of Alabama lifted its stake in TKO Group by 11.0% during the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after acquiring an additional 8,006 shares during the period. HighTower Advisors LLC boosted its holdings in shares of TKO Group by 177.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock valued at $3,225,000 after acquiring an additional 16,746 shares during the last quarter. Petrus Trust Company LTA acquired a new stake in shares of TKO Group in the third quarter worth $597,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after purchasing an additional 383,869 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Trading Up 4.0 %

Shares of NYSE:TKO opened at $152.58 on Thursday. 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 has a market capitalization of $26.06 billion, a price-to-earnings ratio of -363.29 and a beta of 1.06. TKO Group Holdings, Inc. has a 1 year low of $78.93 and a 1 year high of $179.09. The business’s 50 day moving average price is $153.61 and its 200-day moving average price is $135.88.

TKO Group Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, March 14th. TKO Group’s payout ratio is 7,600.00%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TKO. Guggenheim upped their price target on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Pivotal Research restated a “buy” rating and issued a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Morgan Stanley upped their target price on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Seaport Res Ptn lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upped their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Insider Activity at TKO Group

In other news, insider Mark S. Shapiro sold 31,666 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $4,494,672.04. Following the transaction, the insider now owns 73,677 shares in the company, valued at $10,457,713.38. This trade represents a 30.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Patrick Whitesell acquired 31,352 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the acquisition, the insider now directly owns 1,674,322 shares in the company, valued at $237,803,953.66. This represents a 1.91 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by corporate 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.