Polymer Capital Management HK LTD Makes New $341,000 Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Polymer Capital Management HK LTD acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,400 shares of the company’s stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TKO. Charles Schwab Investment Management Inc. lifted its stake in TKO Group by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock valued at $66,691,000 after purchasing an additional 16,536 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of TKO Group by 21.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company’s stock valued at $2,836,000 after buying an additional 3,572 shares during the last quarter. Twin Tree Management LP boosted its stake in shares of TKO Group by 147.0% during the 4th quarter. Twin Tree Management LP now owns 123,713 shares of the company’s stock worth $17,581,000 after acquiring an additional 73,617 shares during the period. Park Avenue Securities LLC increased its holdings in shares of TKO Group by 59.2% during the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after acquiring an additional 4,836 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in TKO Group by 11.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after acquiring an additional 8,006 shares during the period. Institutional investors own 89.79% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ariel Emanuel acquired 115,952 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average price of $143.85 per share, with a total value of $16,679,695.20. Following the purchase, the chief executive officer now directly owns 1,031,804 shares in the company, valued at approximately $148,425,005.40. This trade represents a 12.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sonya E. Medina bought 233 shares of the business’s stock in a transaction on Monday, March 17th. The stock was bought at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $285,860. This represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,921,383 shares of company stock worth $304,417,051 and sold 5,833 shares worth $838,785. Corporate insiders own 53.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TKO shares. Guggenheim upped their price objective on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Morgan Stanley upped their price target 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. Citigroup raised their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Finally, Pivotal Research reiterated a “buy” rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Two equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Price Performance

TKO stock opened at $139.74 on Monday. The company’s 50-day moving average price is $155.76 and its two-hundred day moving average price is $140.81. TKO Group Holdings, Inc. has a 12 month low of $93.50 and a 12 month high of $179.09. 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 firm has a market cap of $23.92 billion, a P/E ratio of -332.71 and a beta of 0.90.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.09%. TKO Group’s dividend payout ratio is currently 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.