Aristotle Capital Boston LLC Trims Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Aristotle Capital Boston LLC cut its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 14.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 329,372 shares of the company's stock after selling 56,087 shares during the period. TKO Group accounts for about 1.7% of Aristotle Capital Boston LLC's portfolio, making the stock its 12th largest holding. Aristotle Capital Boston LLC owned approximately 0.19% of TKO Group worth $46,807,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Freestone Grove Partners LP purchased a new position in shares of TKO Group during the 4th quarter worth $255,000. Utah Retirement Systems boosted its stake in TKO Group by 2.4% during the fourth quarter. Utah Retirement Systems now owns 4,300 shares of the company's stock worth $611,000 after buying an additional 100 shares during the period. Northern Trust Corp increased its position in shares of TKO Group by 18.0% during the fourth quarter. Northern Trust Corp now owns 681,858 shares of the company's stock valued at $96,899,000 after acquiring an additional 103,845 shares during the last quarter. Boothbay Fund Management LLC raised its stake in shares of TKO Group by 22.8% in the 4th quarter. Boothbay Fund Management LLC now owns 89,363 shares of the company's stock valued at $12,699,000 after acquiring an additional 16,618 shares during the period. Finally, Northern Right Capital Management L.P. acquired a new position in shares of TKO Group in the 4th quarter worth approximately $12,506,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Up 0.3 %

Shares of TKO Group stock traded up $0.51 during trading on Monday, hitting $166.94. 741,193 shares of the stock were exchanged, compared to its average volume of 1,104,185. The stock has a market cap of $28.57 billion, a price-to-earnings ratio of -397.47 and a beta of 0.90. The firm's 50-day moving average price is $150.05 and its 200 day moving average price is $144.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 12-month low of $97.37 and a 12-month high of $179.09.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's dividend payout ratio (DPR) is presently 7,600.00%.

Wall Street Analyst Weigh In

TKO has been the subject of several research reports. Benchmark reiterated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Morgan Stanley boosted their price objective on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Guggenheim restated a "buy" rating and set a $175.00 target price on shares of TKO Group in a report on Wednesday, April 23rd. 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. Finally, Susquehanna began coverage on shares of TKO Group in a research note on Monday, April 28th. They issued a "positive" rating and a $180.00 price objective for the company. Two 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.08.

Insider Buying and Selling

In other news, CEO Ariel Emanuel purchased 76,587 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average price of $157.13 per share, for a total transaction of $12,034,115.31. Following the purchase, the chief executive officer now directly owns 1,857,116 shares of the company's stock, valued at $291,808,637.08. This represents a 4.30 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sonya E. Medina acquired 233 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of $142.93 per share, with a total value of $33,302.69. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at approximately $285,860. This trade represents a 13.19 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 822,641 shares of company stock worth $137,905,307 over the last 90 days. 53.80% of the stock is owned by insiders.

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.