IHT Wealth Management LLC Has $2.49 Million Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

IHT Wealth Management LLC lowered its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 50.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,492 shares of the company’s stock after selling 17,533 shares during the quarter. IHT Wealth Management LLC’s holdings in TKO Group were worth $2,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TKO. Smartleaf Asset Management LLC lifted its stake in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the period. Geneos Wealth Management Inc. acquired a new position in TKO Group during the fourth quarter valued at approximately $32,000. Game Plan Financial Advisors LLC increased its stake in TKO Group by 172.2% in the fourth 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. SBI Securities Co. Ltd. acquired a new stake in TKO Group in the fourth quarter worth $38,000. Finally, UMB Bank n.a. boosted its position in shares of TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after purchasing an additional 115 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insider Transactions at TKO Group

In other news, Director Sonya E. Medina purchased 233 shares of the company’s stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of $142.93 per share, with a total value of $33,302.69. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell acquired 120,958 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was purchased at an average cost of $150.92 per share, with a total value of $18,254,981.36. Following the transaction, the insider now owns 1,152,762 shares in the company, valued at approximately $173,974,841.04. This trade represents a 11.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,687,318 shares of company stock worth $270,815,643 in the last 90 days. Corporate insiders own 53.80% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the topic of several research analyst reports. Pivotal Research reaffirmed a “buy” rating and set a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Benchmark restated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. UBS Group upped their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.36.

TKO Group Price Performance

Shares of NYSE TKO opened at $143.25 on Tuesday. TKO Group Holdings, Inc. has a fifty-two week low of $94.32 and a fifty-two week high of $179.09. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of -341.07 and a beta of 0.90. 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 business has a 50-day moving average of $151.40 and a 200-day moving average of $142.69.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Friday, March 14th. TKO Group’s dividend payout ratio (DPR) 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.