TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its position in TKO Group Holdings, Inc. (NYSE:TKO) by 10.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,631,450 shares of the company’s stock after selling 197,623 shares during the period. Clearbridge Investments LLC owned approximately 0.96% of TKO Group worth $231,845,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TKO. Vanguard Group Inc. raised its position in TKO Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company’s stock worth $949,449,000 after acquiring an additional 114,096 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after purchasing an additional 163,980 shares during the last quarter. State Street Corp raised its holdings in shares of TKO Group by 10.4% in the 3rd 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. Principal Financial Group Inc. lifted its stake in TKO Group by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after purchasing an additional 13,148 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in TKO Group by 7.4% during the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after buying an additional 85,160 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Transactions at TKO Group

In related news, major shareholder Patrick Whitesell bought 177,861 shares of the business’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $165.99 per share, for a total transaction 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 approximately $363,346,466.34. This represents a 8.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sonya E. Medina purchased 233 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were bought at an average price of $142.93 per share, with a total value of $33,302.69. Following the purchase, the director now owns 2,000 shares in the company, valued at $285,860. This represents a 13.19 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. Company insiders own 53.80% of the company’s stock.

TKO Group Trading Down 1.5 %

NYSE TKO opened at $149.56 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. TKO Group Holdings, Inc. has a 1-year low of $85.01 and a 1-year high of $179.09. The firm’s fifty day simple moving average is $155.35 and its 200-day simple moving average is $139.66. The company has a market capitalization of $25.60 billion, a PE ratio of -356.09 and a beta of 1.08.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, March 14th. TKO Group’s payout ratio is currently 7,600.00%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TKO. Pivotal Research reaffirmed a “buy” rating and issued a $195.00 price target (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. The Goldman Sachs Group upped their target price on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Guggenheim lifted their price target on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Morgan Stanley upped their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Finally, Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.