Kendall Capital Management Trims Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Kendall Capital Management reduced its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,760 shares of the company’s stock after selling 385 shares during the quarter. Kendall Capital Management’s holdings in TKO Group were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in TKO Group during the 4th quarter valued at $32,000. Game Plan Financial Advisors LLC boosted its position in 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 during the 4th quarter valued at $38,000. Finally, UMB Bank n.a. boosted its position in TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

NYSE TKO opened at $143.39 on Monday. The stock has a 50-day simple moving average of $153.64 and a two-hundred day simple moving average of $136.37. The firm has a market capitalization of $24.49 billion, a P/E ratio of -341.40 and a beta of 1.08. TKO Group Holdings, Inc. has a fifty-two week low of $79.32 and a fifty-two week high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.06%. TKO Group’s payout ratio is currently 7,600.00%.

Insider Buying and Selling at TKO Group

In other TKO Group news, CEO Ariel Emanuel purchased 117,769 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the purchase, the chief executive officer now directly owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. This trade represents a 4.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Whitesell purchased 245,887 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $142.45 per share, with a total value of $35,026,603.15. Following the purchase, the insider now owns 1,825,030 shares in the company, valued at $259,975,523.50. This represents a 15.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TKO. The Goldman Sachs Group raised their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Guggenheim raised their price objective on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Pivotal Research reissued a “buy” rating and issued a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Finally, UBS Group raised their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.00.

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.