TKO Group Holdings, Inc. (NYSE:TKO) Stake Lifted by Blue Grotto Capital LLC

Blue Grotto Capital LLC raised its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 276,800 shares of the company’s stock after purchasing an additional 17,217 shares during the period. TKO Group accounts for 7.2% of Blue Grotto Capital LLC’s portfolio, making the stock its 3rd largest position. Blue Grotto Capital LLC owned about 0.16% of TKO Group worth $39,336,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of TKO. Smartleaf Asset Management LLC raised its position in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group in the 4th quarter valued at about $32,000. First Horizon Advisors Inc. grew its holdings in shares of TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares during the period. Game Plan Financial Advisors LLC increased its position in TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after purchasing an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in TKO Group in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO opened at $154.65 on Wednesday. The stock has a market capitalization of $26.47 billion, a PE ratio of -368.21 and a beta of 1.08. The business’s fifty day moving average price is $154.78 and its 200 day moving average price is $138.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 12-month low of $85.01 and a 12-month high of $179.09.

TKO Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TKO shares. Benchmark reissued a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Morgan Stanley upped their target price on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. UBS Group raised their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Citigroup lifted their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Insider Activity at TKO Group

In other news, major shareholder Patrick Whitesell acquired 177,861 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $165.99 per share, with a total value of $29,523,147.39. Following the acquisition, the insider now directly owns 2,188,966 shares in the company, valued at approximately $363,346,466.34. The trade was a 8.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sonya E. Medina acquired 233 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $285,860. The trade was a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

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.