TKO Group Holdings, Inc. (NYSE:TKO) Stock Holdings Lessened by American Century Companies Inc.

American Century Companies Inc. cut its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 638,833 shares of the company’s stock after selling 27,988 shares during the period. American Century Companies Inc.’s holdings in TKO Group were worth $90,785,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in shares of TKO Group by 2.4% during the 4th quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock valued at $389,000 after buying an additional 64 shares during the period. Blue Trust Inc. raised its holdings in shares of TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares in the last quarter. US Bancorp DE boosted its position in TKO Group by 18.0% during the fourth quarter. US Bancorp DE now owns 565 shares of the company’s stock valued at $80,000 after purchasing an additional 86 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after purchasing an additional 97 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in TKO Group by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock worth $2,629,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insiders Place Their Bets

In other news, insider Mark S. Shapiro sold 31,666 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $4,494,672.04. Following the sale, the insider now owns 73,677 shares in the company, valued at approximately $10,457,713.38. This trade represents a 30.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Kraft bought 3,500 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $140.69 per share, with a total value of $492,415.00. Following the completion of the purchase, the director now owns 23,500 shares in the company, valued at approximately $3,306,215. The trade was a 17.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. Company insiders own 53.80% of the company’s stock.

Analyst Ratings Changes

TKO has been the subject of several research reports. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Guggenheim boosted their target price on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. increased their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, Morgan Stanley increased their target price on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Stock Up 2.2 %

TKO stock opened at $153.17 on Tuesday. 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 company has a 50-day moving average of $154.55 and a two-hundred day moving average of $138.58. The stock has a market capitalization of $26.22 billion, a price-to-earnings ratio of -364.70 and a beta of 1.08. TKO Group Holdings, Inc. has a 52-week low of $84.88 and a 52-week high of $179.09.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is currently 7,600.00%.

TKO Group Company 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.