Price T Rowe Associates Inc. MD Acquires 13,232 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Price T Rowe Associates Inc. MD lifted its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 436,826 shares of the company's stock after purchasing an additional 13,232 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.26% of TKO Group worth $62,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TKO. Smartleaf Asset Management LLC raised 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 acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in TKO Group in the 4th quarter worth about $32,000. Game Plan Financial Advisors LLC raised its stake in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after purchasing an additional 155 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in TKO Group during the fourth quarter valued at approximately $38,000. Finally, UMB Bank n.a. grew its position in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after acquiring an additional 115 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TKO shares. Susquehanna started coverage on shares of TKO Group in a research report on Monday. They set a "positive" rating and a $180.00 target price for the company. Pivotal Research reiterated a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. The Goldman Sachs Group increased their price objective on 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 upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Finally, Benchmark restated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. 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, TKO Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.08.

Insider Transactions at TKO Group

In other TKO Group news, Director Jonathan Kraft acquired 3,500 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the transaction, the director now owns 23,500 shares of the company's stock, valued at approximately $3,306,215. This represents a 17.50 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Whitesell acquired 177,861 shares of the business's stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $165.99 per share, with a total value of $29,523,147.39. Following the acquisition, the insider now directly owns 2,188,966 shares of the company's stock, valued at $363,346,466.34. This represents a 8.84 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 916,802 shares of company stock valued at $152,762,971 over the last ninety days. 53.80% of the stock is owned by company insiders.

TKO Group Trading Up 2.0 %

Shares of NYSE:TKO traded up $3.34 during mid-day trading on Friday, hitting $166.50. The company had a trading volume of 1,038,443 shares, compared to its average volume of 1,104,543. 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 one year low of $95.20 and a one year high of $179.09. The firm has a fifty day moving average price of $149.70 and a 200 day moving average price of $144.18. The company has a market capitalization of $28.50 billion, a PE ratio of -396.43 and a beta of 0.90.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid 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 yield of 0.91%. TKO Group's dividend payout ratio (DPR) is presently 7,600.00%.

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.