Guggenheim Capital LLC Takes $996,000 Position in TKO Group Holdings, Inc. (NYSE:TKO)

Guggenheim Capital LLC acquired a new position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,007 shares of the company's stock, valued at approximately $996,000.

A number of other large investors have also recently bought and sold shares of TKO. Smartleaf Asset Management LLC boosted its holdings in TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after acquiring an additional 151 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group during the 4th quarter worth about $32,000. Game Plan Financial Advisors LLC boosted its stake 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 purchasing an additional 155 shares during the period. SBI Securities Co. Ltd. acquired a new stake in TKO Group in the 4th quarter valued at approximately $38,000. Finally, UMB Bank n.a. grew its holdings in TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after buying an additional 115 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Price Performance

Shares of TKO Group stock traded up $3.60 during midday trading on Monday, hitting $160.70. 1,292,078 shares of the company were exchanged, compared to its average volume of 1,100,914. 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 firm has a market cap of $27.51 billion, a P/E ratio of -382.62 and a beta of 0.90. TKO Group Holdings, Inc. has a 52 week low of $94.63 and a 52 week high of $179.09. The firm has a 50 day simple moving average of $149.57 and a 200-day simple moving average of $143.66.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.38 per share. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 0.95%. TKO Group's dividend payout ratio (DPR) is presently 7,600.00%.

Insider Buying and Selling

In other TKO Group news, CEO Ariel Emanuel acquired 92,559 shares of the business's stock in a transaction on Tuesday, January 28th. The stock was purchased at an average price of $157.69 per share, for a total transaction of $14,595,628.71. Following the transaction, the chief executive officer now owns 1,439,593 shares in the company, valued at $227,009,420.17. This trade represents a 6.87 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell acquired 156,446 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was acquired at an average price of $175.60 per share, with a total value of $27,471,917.60. Following the transaction, the insider now owns 2,461,668 shares in the company, valued at approximately $432,268,900.80. The trade was a 6.79 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 1,256,136 shares of company stock worth $206,137,087 in the last 90 days. 53.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

TKO has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Pivotal Research reaffirmed a "buy" rating and issued a $195.00 target price (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Finally, Morgan Stanley raised their target price on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.08.

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.