CreativeOne Wealth LLC Purchases New Stake in TKO Group Holdings, Inc. (NYSE:TKO)

CreativeOne Wealth LLC bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,991 shares of the company's stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MML Investors Services LLC increased its holdings in shares of TKO Group by 3.8% during the 3rd quarter. MML Investors Services LLC now owns 5,604 shares of the company's stock worth $693,000 after buying an additional 207 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of TKO Group in the third quarter valued at $221,000. Sanctuary Advisors LLC raised its holdings in shares of TKO Group by 38.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,712 shares of the company's stock valued at $911,000 after buying an additional 1,858 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in TKO Group during the 3rd quarter valued at about $426,000. Finally, Tidal Investments LLC grew its position in TKO Group by 259.1% in the 3rd quarter. Tidal Investments LLC now owns 21,803 shares of the company's stock valued at $2,697,000 after acquiring an additional 15,732 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Guggenheim reaffirmed a "buy" rating and issued a $175.00 price target on shares of TKO Group in a research report on Wednesday. Benchmark restated a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, UBS Group lifted their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.36.

TKO Group Price Performance

Shares of NYSE:TKO traded down $0.43 on Friday, reaching $154.85. 104,099 shares of the company were exchanged, compared to its average volume of 1,575,576. The company has a 50-day moving average of $149.98 and a 200-day moving average of $142.99. TKO Group Holdings, Inc. has a 1-year low of $94.63 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. The firm has a market cap of $26.51 billion, a price-to-earnings ratio of -368.69 and a beta of 0.90.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 0.98%. TKO Group's dividend payout ratio (DPR) is currently 7,600.00%.

Insiders Place Their Bets

In other TKO Group news, Director Sonya E. Medina acquired 233 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were acquired at an average price of $142.93 per share, for a total transaction 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 $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jonathan Kraft bought 3,500 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $140.69 per share, with a total value of $492,415.00. Following the completion of the purchase, the director now directly owns 23,500 shares of the company's stock, valued at approximately $3,306,215. The trade was a 17.50 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,345,370 shares of company stock worth $219,805,951. Insiders own 53.80% of the company's stock.

TKO Group Company Profile

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.