Squarepoint Ops LLC Raises Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Squarepoint Ops LLC increased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 241.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,249 shares of the company's stock after purchasing an additional 109,811 shares during the period. Squarepoint Ops LLC owned 0.09% of TKO Group worth $22,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TKO. Assenagon Asset Management S.A. acquired a new stake in TKO Group during the fourth quarter worth about $3,383,000. UMB Bank n.a. increased its position in TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after purchasing an additional 115 shares during the last quarter. Barlow Wealth Partners Inc. increased its position in TKO Group by 4.6% during the fourth quarter. Barlow Wealth Partners Inc. now owns 124,702 shares of the company's stock worth $17,946,000 after purchasing an additional 5,523 shares during the last quarter. SG Americas Securities LLC increased its position in TKO Group by 202.1% during the fourth quarter. SG Americas Securities LLC now owns 3,668 shares of the company's stock worth $521,000 after purchasing an additional 2,454 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in TKO Group by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,708 shares of the company's stock worth $1,380,000 after purchasing an additional 398 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TKO Group

In other news, Director Sonya E. Medina purchased 233 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at $285,860. The trade was a 13.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Kraft purchased 3,500 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $140.69 per share, with a total value of $492,415.00. Following the purchase, the director now directly owns 23,500 shares of the company's stock, valued at $3,306,215. The trade was a 17.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 23,733 shares of company stock worth $3,561,318. Corporate insiders own 61.30% of the company's stock.

TKO Group Stock Up 1.0%

Shares of TKO stock traded up $1.55 during trading on Friday, reaching $157.78. The company's stock had a trading volume of 1,314,987 shares, compared to its average volume of 1,112,840. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $27.01 billion, a price-to-earnings ratio of -375.67 and a beta of 0.73. The stock's 50-day moving average price is $154.75 and its 200 day moving average price is $148.98. TKO Group Holdings, Inc. has a 1-year low of $100.76 and a 1-year high of $179.09.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.07 billion. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.26) earnings per share. On average, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, March 14th. TKO Group's dividend payout ratio (DPR) is currently 77.16%.

Analysts Set New Price Targets

TKO has been the subject of several recent analyst reports. Benchmark restated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Susquehanna initiated coverage on shares of TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Morgan Stanley lifted their price target 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 reiterated a "buy" rating and set a $195.00 price target (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. 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 stock. According to MarketBeat.com, TKO Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $166.25.

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.