Massar Capital Management LP Purchases New Shares in TKO Group Holdings, Inc. (NYSE:TKO)

Massar Capital Management LP bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 48,777 shares of the company’s stock, valued at approximately $6,932,000. TKO Group comprises 7.9% of Massar Capital Management LP’s investment portfolio, making the stock its 3rd largest position.

Other institutional investors have also made changes to their positions in the company. J. Safra Sarasin Holding AG increased its position in TKO Group by 12.4% in the 4th quarter. J. Safra Sarasin Holding AG now owns 3,440 shares of the company’s stock valued at $489,000 after acquiring an additional 380 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in TKO Group by 16.2% in the 4th quarter. OneDigital Investment Advisors LLC now owns 3,169 shares of the company’s stock worth $450,000 after purchasing an additional 442 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in TKO Group by 63.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,668 shares of the company’s stock worth $663,000 after buying an additional 1,811 shares in the last quarter. TFJ Management LLC bought a new position in TKO Group in the 4th quarter valued at $1,352,000. Finally, MetLife Investment Management LLC increased its stake in shares of TKO Group by 9.0% in the 4th quarter. MetLife Investment Management LLC now owns 38,205 shares of the company’s stock valued at $5,429,000 after buying an additional 3,157 shares during the period. 89.79% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Ariel Emanuel bought 115,952 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was purchased at an average price of $143.85 per share, with a total value of $16,679,695.20. Following the completion of the acquisition, the chief executive officer now owns 1,031,804 shares of the company’s stock, valued at $148,425,005.40. The trade was a 12.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell acquired 156,446 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were bought at an average price of $175.60 per share, with a total value of $27,471,917.60. Following the completion of the transaction, the insider now owns 2,461,668 shares in the company, valued at $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 quarter, insiders have bought 1,687,318 shares of company stock valued at $270,815,643. 53.80% of the stock is owned by insiders.

TKO Group Price Performance

Shares of TKO opened at $143.25 on Tuesday. The company has a market cap of $24.52 billion, a price-to-earnings ratio of -341.07 and a beta of 0.90. The company’s fifty day simple moving average is $151.40 and its 200 day simple moving average is $142.69. TKO Group Holdings, Inc. has a 1-year low of $94.32 and a 1-year high of $179.09. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, March 14th. TKO Group’s dividend payout ratio is presently 7,600.00%.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of recent research reports. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. UBS Group upped their price target on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group upped their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. 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 report on Monday, February 24th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group 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.