O Shaughnessy Asset Management LLC Buys 307 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

O Shaughnessy Asset Management LLC lifted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 11.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,011 shares of the company’s stock after acquiring an additional 307 shares during the period. O Shaughnessy Asset Management LLC’s holdings in TKO Group were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TKO. California Public Employees Retirement System grew its stake in shares of TKO Group by 5.6% in the 4th quarter. California Public Employees Retirement System now owns 139,329 shares of the company’s stock valued at $19,800,000 after buying an additional 7,378 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of TKO Group during the fourth quarter valued at approximately $54,778,000. Orion Portfolio Solutions LLC acquired a new position in shares of TKO Group during the fourth quarter worth approximately $483,000. Pictet Asset Management Holding SA lifted its holdings in shares of TKO Group by 5.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,604 shares of the company’s stock worth $1,365,000 after purchasing an additional 481 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in TKO Group during the 4th quarter valued at $520,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Guggenheim increased their price objective on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. The Goldman Sachs Group lifted their target price on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Citigroup raised their price objective on 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 company. According to data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Trading Down 2.3 %

NYSE TKO opened at $145.13 on Friday. The stock has a market capitalization of $24.84 billion, a price-to-earnings ratio of -345.56 and a beta of 0.90. The business’s fifty day moving average is $154.21 and its 200-day moving average is $141.43. 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 one year low of $94.32 and a one year high of $179.09.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group’s payout ratio is 7,600.00%.

Insider Activity

In other news, major shareholder Patrick Whitesell acquired 156,446 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were acquired at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of the purchase, the insider now owns 2,461,668 shares in the company, valued at approximately $432,268,900.80. This trade represents a 6.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ariel Emanuel bought 117,769 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the completion of the transaction, the chief executive officer now directly owns 2,579,437 shares of the company’s stock, valued at approximately $452,433,249.80. The trade was a 4.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 1,921,383 shares of company stock valued at $304,417,051 and sold 5,833 shares valued at $838,785. Insiders own 53.80% of the company’s stock.

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.