Clayton Partners LLC Decreases Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Clayton Partners LLC cut its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,515 shares of the company’s stock after selling 177 shares during the quarter. TKO Group makes up 3.4% of Clayton Partners LLC’s investment portfolio, making the stock its 11th largest holding. Clayton Partners LLC’s holdings in TKO Group were worth $4,905,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. M&T Bank Corp raised its stake in TKO Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock valued at $389,000 after acquiring an additional 64 shares during the period. Blue Trust Inc. raised its stake in TKO Group by 28.2% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares during the period. US Bancorp DE raised its stake in TKO Group by 18.0% in the 4th quarter. US Bancorp DE now owns 565 shares of the company’s stock valued at $80,000 after acquiring an additional 86 shares during the period. Coldstream Capital Management Inc. raised its stake in TKO Group by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after acquiring an additional 97 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in TKO Group by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock valued at $2,629,000 after acquiring an additional 100 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Morgan Stanley boosted their price objective on TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Finally, Citigroup upped their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Stock Down 1.1 %

Shares of NYSE TKO opened at $139.26 on Friday. TKO Group Holdings, Inc. has a 12 month low of $79.65 and a 12 month 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 capitalization of $23.84 billion, a price-to-earnings ratio of -331.56 and a beta of 1.08. The business has a 50-day moving average of $153.66 and a 200-day moving average of $137.11.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio is currently 7,600.00%.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell bought 263,200 shares of the business’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the purchase, the insider now directly owns 418,587 shares in the company, valued at $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark S. Shapiro sold 31,666 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $4,494,672.04. Following the completion of the sale, the insider now directly owns 73,677 shares of the company’s stock, valued at approximately $10,457,713.38. This represents a 30.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 2,184,350 shares of company stock valued at $343,066,252 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by insiders.

TKO Group 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.