Russell Investments Group Ltd. Lowers Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Russell Investments Group Ltd. trimmed its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,255 shares of the company’s stock after selling 7,098 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of TKO Group worth $15,100,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TKO. HighTower Advisors LLC lifted its stake in TKO Group by 177.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock valued at $3,225,000 after buying an additional 16,746 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of TKO Group by 6.2% in the third quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock valued at $263,000 after acquiring an additional 125 shares in the last quarter. Stifel Financial Corp lifted its position in shares of TKO Group by 3.0% in the third quarter. Stifel Financial Corp now owns 24,837 shares of the company’s stock valued at $3,073,000 after acquiring an additional 729 shares in the last quarter. State Street Corp increased its position in shares of TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in TKO Group by 3.8% in the 3rd quarter. MML Investors Services LLC now owns 5,604 shares of the company’s stock valued at $693,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the subject of a number of research reports. UBS Group upped their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. The Goldman Sachs Group upped their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Morgan Stanley raised 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 note on Monday, February 24th. 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. Finally, Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Insider Activity at TKO Group

In other news, major shareholder Patrick Whitesell bought 177,861 shares of TKO Group stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $165.99 per share, with a total value of $29,523,147.39. Following the completion of the acquisition, the insider now directly owns 2,188,966 shares in the company, valued at $363,346,466.34. The trade was a 8.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ariel Emanuel purchased 115,952 shares of the stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average price of $143.85 per share, with a total value of $16,679,695.20. Following the acquisition, the chief executive officer now directly owns 1,031,804 shares in the company, valued at $148,425,005.40. This represents a 12.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,921,383 shares of company stock worth $304,417,051 and sold 5,833 shares worth $838,785. Company insiders own 53.80% of the company’s stock.

TKO Group Stock Down 2.3 %

Shares of NYSE TKO opened at $145.13 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $154.21 and its two-hundred day moving average is $141.43. TKO Group Holdings, Inc. has a 52-week low of $94.32 and a 52-week high of $179.09. The firm has a market cap of $24.84 billion, a price-to-earnings ratio of -345.56 and a beta of 0.90.

TKO Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.05%. TKO Group’s dividend payout ratio is presently 7,600.00%.

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.