KLP Kapitalforvaltning AS Purchases New Shares in TKO Group Holdings, Inc. (NYSE:TKO)

KLP Kapitalforvaltning AS acquired a new position in 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 15,300 shares of the company’s stock, valued at approximately $2,174,000.

A number of other large investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its holdings in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the period. Geneos Wealth Management Inc. bought a new position in TKO Group during the fourth quarter valued at $32,000. Game Plan Financial Advisors LLC raised its stake in shares of TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after acquiring an additional 155 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of TKO Group in the 4th quarter worth about $38,000. Finally, UMB Bank n.a. boosted its stake in shares of TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after purchasing an additional 115 shares during the period. 89.79% of the stock is currently owned by institutional investors.

TKO Group Trading Down 1.9 %

NYSE TKO opened at $151.74 on Friday. The company’s 50-day simple moving average is $155.20 and its two-hundred day simple moving average is $139.06. TKO Group Holdings, Inc. has a one year low of $85.01 and a one year high of $179.09. The company has a market capitalization of $25.97 billion, a price-to-earnings ratio of -361.27 and a beta of 1.08. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is 7,600.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TKO shares. Pivotal Research reissued a “buy” rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. The Goldman Sachs Group upped their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Morgan Stanley lifted their target price 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, Benchmark restated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Insiders Place Their Bets

In related news, major shareholder Patrick Whitesell bought 125,589 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average price of $143.06 per share, for a total transaction of $17,966,762.34. Following the completion of the purchase, the insider now directly owns 807,376 shares of the company’s stock, valued at approximately $115,503,210.56. This trade represents a 18.42 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sonya E. Medina purchased 233 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of $142.93 per share, with a total value of $33,302.69. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $285,860. The trade was a 13.19 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 1,921,383 shares of company stock worth $304,417,051 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by company insiders.

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.