F M Investments LLC Invests $409,000 in TKO Group Holdings, Inc. (NYSE:TKO)

F M Investments LLC acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, HoldingsChannel reports. The firm acquired 2,875 shares of the company’s stock, valued at approximately $409,000.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in TKO Group by 559.3% in 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 shares of TKO Group during the 4th quarter worth about $32,000. Game Plan Financial Advisors LLC boosted its position in shares of TKO Group by 172.2% during the 4th 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in TKO Group in the fourth quarter valued at about $38,000. Finally, UMB Bank n.a. raised its position in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after purchasing an additional 115 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TKO Group

In related news, CFO Andrew M. Schleimer sold 3,265 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total value of $469,507.00. Following the transaction, the chief financial officer now owns 9,563 shares in the company, valued at $1,375,159.40. This trade represents a 25.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Patrick Whitesell acquired 177,861 shares of the company’s stock in a transaction on Friday, February 7th. The shares were purchased at an average cost 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 approximately $363,346,466.34. The trade was a 8.84 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,921,383 shares of company stock valued at $304,417,051 and sold 5,833 shares valued at $838,785. 53.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TKO has been the topic of a number of recent research reports. Citigroup lifted their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. The Goldman Sachs Group increased their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Morgan Stanley boosted their target price 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 upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Stock Down 0.6 %

Shares of NYSE TKO opened at $144.24 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 company has a market cap of $24.69 billion, a price-to-earnings ratio of -343.43 and a beta of 0.90. TKO Group Holdings, Inc. has a 12-month low of $94.32 and a 12-month high of $179.09. The firm’s 50-day simple moving average is $153.95 and its 200 day simple moving average is $141.59.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid 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 (DPR) is currently 7,600.00%.

About TKO Group

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.