Lighthouse Investment Partners LLC Buys Shares of 18,189 TKO Group Holdings, Inc. (NYSE:TKO)

Lighthouse Investment Partners LLC acquired a new position in shares of 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 (SEC). The firm acquired 18,189 shares of the company's stock, valued at approximately $2,585,000.

Several other hedge funds have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in shares of TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after purchasing an additional 151 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of TKO Group during the fourth quarter worth approximately $32,000. Game Plan Financial Advisors LLC increased its stake in TKO Group by 172.2% in the fourth 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 during the last quarter. SBI Securities Co. Ltd. bought a new position in TKO Group in the fourth quarter valued at approximately $38,000. Finally, UMB Bank n.a. increased its stake in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after acquiring an additional 115 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TKO Group news, Director Jonathan Kraft bought 3,500 shares of TKO Group 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 completion of the acquisition, the director now directly owns 23,500 shares in the company, valued at approximately $3,306,215. This trade represents a 17.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sonya E. Medina acquired 233 shares of the business's stock in a transaction on 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 acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $285,860. This represents a 13.19% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 23,733 shares of company stock valued at $3,561,318. Insiders own 61.30% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Benchmark restated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Guggenheim boosted their target price on shares of TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday, May 9th. Pivotal Research reaffirmed a "buy" rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, 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 note on Monday, May 12th. Two equities research 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $164.25.

TKO Group Trading Up 1.2%

TKO stock traded up $1.87 during mid-day trading on Friday, reaching $163.33. The company had a trading volume of 748,690 shares, compared to its average volume of 1,107,659. 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 50 day moving average of $153.10 and a 200 day moving average of $147.32. TKO Group Holdings, Inc. has a 12 month low of $100.76 and a 12 month high of $179.09. The company has a market capitalization of $27.96 billion, a PE ratio of -388.89 and a beta of 0.73.

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

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.93%. TKO Group's dividend payout ratio is currently 77.16%.

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.