TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Boston Partners

Boston Partners reduced its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 35.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,320 shares of the company’s stock after selling 36,399 shares during the period. Boston Partners’ holdings in TKO Group were worth $9,425,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position 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 during the period. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group during the fourth quarter valued at $32,000. First Horizon Advisors Inc. grew its position in shares of TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares during the last quarter. Game Plan Financial Advisors LLC increased its holdings in shares of TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after acquiring an additional 155 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in TKO Group in the 4th quarter valued at about $38,000. 89.79% of the stock is owned by institutional investors.

Insider Buying and Selling at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares in the company, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sonya E. Medina bought 233 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by corporate insiders.

TKO Group Stock Performance

NYSE:TKO opened at $150.45 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $154.14 and a 200-day moving average of $137.82. TKO Group Holdings, Inc. has a twelve month low of $84.88 and a twelve month high of $179.09. The firm has a market cap of $25.75 billion, a price-to-earnings ratio of -358.20 and a beta of 1.08.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.01%. TKO Group’s dividend payout ratio (DPR) is 7,600.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TKO shares. Morgan Stanley upped their target price on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Pivotal Research restated a “buy” rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. The Goldman Sachs Group boosted their price target on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. UBS Group raised their price target on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Guggenheim upped their price objective on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

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.