Barings LLC Purchases Shares of 9,338 TKO Group Holdings, Inc. (NYSE:TKO)

Barings LLC purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 9,338 shares of the company’s stock, valued at approximately $1,327,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in TKO Group during the 4th quarter valued at $32,000. First Horizon Advisors Inc. boosted its stake in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares in the last quarter. Game Plan Financial Advisors LLC boosted its stake in TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of TKO Group during the 4th quarter valued at $38,000. 89.79% of the stock is owned by institutional investors.

TKO Group Price Performance

TKO opened at $143.39 on Friday. 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 Holdings, Inc. has a 12-month low of $79.32 and a 12-month high of $179.09. The stock has a fifty day moving average of $153.64 and a 200-day moving average of $136.25. The firm has a market capitalization of $24.49 billion, a P/E ratio of -341.40 and a beta of 1.08.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.06%. TKO Group’s dividend payout ratio is 7,600.00%.

Analyst Upgrades and Downgrades

TKO has been the subject of a number of recent research reports. Pivotal Research reiterated a “buy” rating and set a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. UBS Group increased their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Guggenheim increased their price objective on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Citigroup increased their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $157.00.

Insider Buying and Selling

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the transaction, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at $992,870.30. This represents a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Shane Kapral sold 1,034 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by corporate insiders.

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.