TKO Group Holdings, Inc. (NYSE:TKO) Director Acquires $33,302.69 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Sonya E. Medina purchased 233 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $285,860. The trade was a 13.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

TKO Group Stock Down 0.2 %

TKO Group stock traded down $0.28 during midday trading on Tuesday, reaching $145.35. The stock had a trading volume of 1,394,642 shares, compared to its average volume of 995,366. The firm’s fifty day simple moving average is $153.81 and its 200-day simple moving average is $137.65. TKO Group Holdings, Inc. has a 1-year low of $80.03 and a 1-year high of $179.09. The stock has a market capitalization of $24.88 billion, a P/E ratio of -346.08 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio is presently 7,600.00%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TKO. Guggenheim raised their price target on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Morgan Stanley raised their price target on TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. The Goldman Sachs Group increased their target price on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Pivotal Research reissued 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. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $157.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TKO. Norges Bank bought a new position in TKO Group in the fourth quarter valued at approximately $104,613,000. Ameriprise Financial Inc. grew its stake in TKO Group by 57.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company’s stock valued at $238,574,000 after purchasing an additional 611,178 shares in the last quarter. Steadfast Capital Management LP grew its stake in TKO Group by 146.9% in the fourth quarter. Steadfast Capital Management LP now owns 710,784 shares of the company’s stock valued at $101,010,000 after purchasing an additional 422,900 shares in the last quarter. Moore Capital Management LP grew its stake in TKO Group by 1,625.0% in the fourth quarter. Moore Capital Management LP now owns 418,286 shares of the company’s stock valued at $59,443,000 after purchasing an additional 394,038 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in TKO Group in the fourth quarter valued at approximately $54,778,000. 89.79% of the stock is currently owned by institutional investors.

About TKO Group

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.