MetLife Investment Management LLC Purchases 3,157 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

MetLife Investment Management LLC raised its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,205 shares of the company’s stock after acquiring an additional 3,157 shares during the period. MetLife Investment Management LLC’s holdings in TKO Group were worth $5,429,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions 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 during the period. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group during the fourth quarter worth approximately $32,000. Game Plan Financial Advisors LLC boosted its position in shares of 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 acquiring an additional 155 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of TKO Group in the fourth quarter worth $38,000. Finally, UMB Bank n.a. raised 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 valued at $39,000 after buying an additional 115 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Trading Up 2.0 %

NYSE TKO opened at $151.08 on Thursday. TKO Group Holdings, Inc. has a 12 month low of $94.32 and a 12 month high of $179.09. The stock has a 50-day simple moving average of $150.38 and a 200 day simple moving average of $142.79. 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 market capitalization of $25.86 billion, a PE ratio of -359.71 and a beta of 0.90.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, March 14th. TKO Group’s payout ratio is 7,600.00%.

Insider Activity at TKO Group

In other TKO Group news, CEO Ariel Emanuel purchased 105,038 shares of the stock in a transaction on Friday, January 24th. The stock was bought at an average cost of $153.04 per share, for a total transaction of $16,075,015.52. Following the completion of the acquisition, the chief executive officer now directly owns 1,257,800 shares of the company’s stock, valued at $192,493,712. The trade was a 9.11 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sonya E. Medina acquired 233 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $285,860. This trade represents a 13.19 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,450,408 shares of company stock worth $235,880,966. 53.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TKO has been the subject of a number of analyst reports. UBS Group lifted their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Guggenheim reaffirmed a “buy” rating and issued a $175.00 target price on shares of TKO Group in a research note on Wednesday. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group raised their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Benchmark reaffirmed a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $159.36.

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.