Ontario Teachers Pension Plan Board Purchases New Shares in TKO Group Holdings, Inc. (NYSE:TKO)

Ontario Teachers Pension Plan Board acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,791 shares of the company’s stock, valued at approximately $255,000.

A number of other institutional investors also recently bought and sold shares of TKO. M&T Bank Corp boosted its stake in shares of TKO Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock worth $389,000 after buying an additional 64 shares during the period. Blue Trust Inc. lifted its position in TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares during the period. Bessemer Group Inc. grew its stake in shares of TKO Group by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company’s stock valued at $3,720,000 after purchasing an additional 78 shares during the last quarter. US Bancorp DE increased its holdings in shares of TKO Group by 18.0% in the fourth quarter. US Bancorp DE now owns 565 shares of the company’s stock valued at $80,000 after purchasing an additional 86 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in shares of TKO Group by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock valued at $2,629,000 after purchasing an additional 100 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Price Performance

TKO stock opened at $149.41 on Friday. The firm has a 50 day moving average of $152.61 and a 200-day moving average of $142.15. The company has a market cap of $25.57 billion, a price-to-earnings ratio of -355.73 and a beta of 0.90. 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 12-month low of $94.32 and a 12-month high of $179.09.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued 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 1.02%. TKO Group’s dividend payout ratio is presently 7,600.00%.

Insiders Place Their Bets

In other news, Director Sonya E. Medina purchased 233 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $285,860. This represents a 13.19 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Patrick Whitesell acquired 156,446 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was acquired at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of the transaction, the insider now directly owns 2,461,668 shares in the company, valued at approximately $432,268,900.80. This represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 1,795,794 shares of company stock worth $286,450,289 and have sold 5,833 shares worth $838,785. 53.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TKO. UBS Group lifted their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Pivotal Research reiterated a “buy” rating and set a $195.00 price target (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Morgan Stanley raised 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 report on Monday, February 24th. Finally, The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.36.

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.