Campbell Capital Management Inc. Makes New $142,000 Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Campbell Capital Management Inc. acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,000 shares of the company’s stock, valued at approximately $142,000.

A number of other hedge funds have also recently modified their holdings of the company. M&T Bank Corp increased its position in shares of TKO Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock valued at $389,000 after acquiring an additional 64 shares during the period. Blue Trust Inc. increased its position in shares of TKO Group by 28.2% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares during the period. US Bancorp DE increased its position in shares of TKO Group by 18.0% in the fourth quarter. US Bancorp DE now owns 565 shares of the company’s stock valued at $80,000 after acquiring an additional 86 shares during the period. Coldstream Capital Management Inc. increased its position in shares of 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 acquiring an additional 97 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of TKO Group by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock valued at $2,629,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Pivotal Research reiterated a “buy” rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Morgan Stanley boosted their price target on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Citigroup boosted their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Guggenheim boosted their price target on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Two 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell bought 263,200 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the purchase, the insider now owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of the company’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 $146,765.96. Following the completion of the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at approximately $315,816.50. This represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 2,184,350 shares of company stock worth $343,066,252 and have sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

TKO Group Price Performance

Shares of TKO opened at $139.26 on Friday. The stock has a market cap of $23.84 billion, a PE ratio of -331.56 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 Holdings, Inc. has a fifty-two week low of $79.44 and a fifty-two week high of $179.09. The firm’s 50-day simple moving average is $153.66 and its two-hundred day simple moving average is $136.98.

TKO Group Dividend Announcement

The firm 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 $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

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.