WINTON GROUP Ltd Boosts Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

WINTON GROUP Ltd raised its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 502.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,162 shares of the company’s stock after acquiring an additional 50,179 shares during the quarter. WINTON GROUP Ltd’s holdings in TKO Group were worth $8,550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in TKO Group in the 4th quarter worth approximately $33,922,000. State Street Corp boosted its holdings in shares of TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after acquiring an additional 192,602 shares during the period. Ninety One UK Ltd grew its position in shares of TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after purchasing an additional 163,980 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of TKO Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company’s stock valued at $949,449,000 after purchasing an additional 114,096 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in TKO Group by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after purchasing an additional 85,160 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

TKO Group Stock Up 0.0 %

Shares of NYSE TKO opened at $154.66 on Thursday. The stock has a market capitalization of $26.47 billion, a P/E ratio of -368.24 and a beta of 1.08. TKO Group Holdings, Inc. has a one year low of $85.01 and a one year high of $179.09. The firm’s 50 day simple moving average is $155.00 and its two-hundred day simple moving average is $138.97. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio is currently 7,600.00%.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell purchased 156,446 shares of TKO Group stock in a transaction that occurred on Tuesday, February 11th. The shares were acquired at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the transaction, the insider now directly owns 2,461,668 shares in the company, valued at $432,268,900.80. The trade was a 6.79 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Kraft acquired 3,500 shares of the stock in a transaction on Friday, March 7th. The stock was bought at an average price of $140.69 per share, with a total value of $492,415.00. Following the transaction, the director now directly owns 23,500 shares of the company’s stock, valued at approximately $3,306,215. The trade was a 17.50 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 1,921,383 shares of company stock worth $304,417,051 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price target on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. UBS Group increased their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Pivotal Research reissued a “buy” rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Morgan Stanley increased their price objective 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. Finally, Guggenheim boosted their target price on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.