Machina Capital S.A.S. Invests $213,000 in TKO Group Holdings, Inc. (NYSE:TKO)

Machina Capital S.A.S. acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,497 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds have also modified their holdings of the business. Draper Asset Management LLC grew its stake in TKO Group by 7.3% in the 4th quarter. Draper Asset Management LLC now owns 2,567 shares of the company’s stock worth $372,000 after acquiring an additional 175 shares during the period. Black Swift Group LLC grew its stake in TKO Group by 48.8% in the 4th quarter. Black Swift Group LLC now owns 21,350 shares of the company’s stock worth $3,034,000 after acquiring an additional 7,000 shares during the period. Raymond James Financial Inc. purchased a new stake in TKO Group in the 4th quarter worth approximately $33,922,000. Arizona State Retirement System grew its stake in TKO Group by 1.2% in the 4th quarter. Arizona State Retirement System now owns 21,163 shares of the company’s stock worth $3,007,000 after acquiring an additional 252 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in TKO Group in the 4th quarter worth approximately $2,948,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Performance

NYSE:TKO opened at $143.39 on Monday. 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 firm has a market capitalization of $24.49 billion, a price-to-earnings ratio of -341.40 and a beta of 1.08. The firm’s fifty day simple moving average is $153.64 and its 200 day simple moving average is $136.37. TKO Group Holdings, Inc. has a twelve month low of $79.32 and a twelve month high of $179.09.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.38 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.06%. TKO Group’s dividend payout ratio is currently 7,600.00%.

Insiders Place Their Bets

In related news, major shareholder Patrick Whitesell bought 156,446 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was bought at an average price of $175.60 per share, with a total value of $27,471,917.60. Following the transaction, the insider now owns 2,461,668 shares of the company’s stock, valued at approximately $432,268,900.80. This trade represents a 6.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Shane Kapral sold 1,034 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the sale, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at $315,816.50. The trade was a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Citigroup lifted their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Guggenheim boosted their price objective on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Benchmark reissued a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. boosted 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. 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 company. Based on data from MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

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.