Sei Investments Co. Trims Position in TKO Group Holdings, Inc. (NYSE:TKO)

Sei Investments Co. decreased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 9.7% during the fourth quarter, Holdings Channel reports. The fund owned 152,263 shares of the company’s stock after selling 16,411 shares during the period. Sei Investments Co.’s holdings in TKO Group were worth $21,638,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of TKO. Thrivent Financial for Lutherans boosted its holdings in shares of TKO Group by 9.7% in the third quarter. Thrivent Financial for Lutherans now owns 15,608 shares of the company’s stock worth $1,931,000 after buying an additional 1,376 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in TKO Group by 14.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company’s stock worth $56,010,000 after acquiring an additional 56,312 shares during the period. Citigroup Inc. raised its position in TKO Group by 3.4% in the third quarter. Citigroup Inc. now owns 100,426 shares of the company’s stock worth $12,424,000 after acquiring an additional 3,300 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of TKO Group by 5.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,555 shares of the company’s stock worth $7,120,000 after acquiring an additional 2,902 shares during the last quarter. Finally, Bridgewater Associates LP grew its position in shares of TKO Group by 874.8% during the 3rd quarter. Bridgewater Associates LP now owns 19,691 shares of the company’s stock valued at $2,436,000 after acquiring an additional 17,671 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 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 transaction of $769,172.86. Following the completion of the transaction, the chief financial officer now owns 6,995 shares in the company, valued at $992,870.30. This trade represents a 43.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ariel Emanuel acquired 115,952 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were purchased at an average cost of $143.85 per share, for a total transaction of $16,679,695.20. Following the completion of the acquisition, the chief executive officer now directly owns 1,031,804 shares in the company, valued at approximately $148,425,005.40. This represents a 12.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. The Goldman Sachs Group raised their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Pivotal Research reaffirmed a “buy” rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Finally, Guggenheim increased their price objective 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. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

TKO Group Stock Performance

TKO opened at $154.66 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $26.47 billion, a price-to-earnings ratio of -368.24 and a beta of 1.08. The company has a fifty day moving average of $155.00 and a 200 day moving average of $138.97. TKO Group Holdings, Inc. has a fifty-two week low of $85.01 and a fifty-two week high of $179.09.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. TKO Group’s payout ratio is 7,600.00%.

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.