Caxton Associates LP Sells 2,568 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Caxton Associates LP cut its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 29.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,116 shares of the company’s stock after selling 2,568 shares during the period. Caxton Associates LP’s holdings in TKO Group were worth $869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in TKO Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company’s stock worth $949,449,000 after purchasing an additional 114,096 shares in the last quarter. Ninety One UK Ltd raised its stake in TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after buying an additional 163,980 shares in the last quarter. Independent Franchise Partners LLP raised its stake in TKO Group by 7.4% in the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company’s stock worth $484,473,000 after buying an additional 235,420 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in TKO Group by 2.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company’s stock worth $249,047,000 after buying an additional 47,768 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in TKO Group by 57.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company’s stock valued at $238,574,000 after acquiring an additional 611,178 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the subject of a number of research analyst reports. Benchmark restated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. 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. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Guggenheim restated a “buy” rating and issued a $175.00 price objective on shares of TKO Group in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group lifted their target price 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. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $161.08.

Insider Buying and Selling

In related news, Director Sonya E. Medina acquired 233 shares of the stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, with a total value of $33,302.69. Following the purchase, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Kraft acquired 3,500 shares of the company’s stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $140.69 per share, with a total value of $492,415.00. Following the completion of the purchase, the director now directly owns 23,500 shares of the company’s stock, valued at $3,306,215. This trade represents a 17.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 665,035 shares of company stock worth $112,930,837. Corporate insiders own 53.80% of the company’s stock.

TKO Group Trading Up 0.9 %

Shares of TKO opened at $168.39 on Wednesday. The stock has a market capitalization of $28.82 billion, a PE ratio of -400.93 and a beta of 0.73. The company’s fifty day moving average is $150.38 and its 200 day moving average is $145.12. 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 $97.37 and a fifty-two week high of $179.09.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 0.90%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group’s dividend payout ratio 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.