New Age Alpha Advisors LLC Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

New Age Alpha Advisors LLC purchased a new position in TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,662 shares of the company’s stock, valued at approximately $520,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of TKO Group by 5.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,555 shares of the company’s stock worth $7,120,000 after acquiring an additional 2,902 shares during the last quarter. MetLife Investment Management LLC raised its position in TKO Group by 10.0% in the 3rd quarter. MetLife Investment Management LLC now owns 35,048 shares of the company’s stock worth $4,336,000 after purchasing an additional 3,172 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in TKO Group by 3.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 198,864 shares of the company’s stock worth $24,601,000 after purchasing an additional 6,770 shares during the last quarter. Aureus Asset Management LLC purchased a new position in shares of TKO Group during the third quarter valued at approximately $243,000. Finally, HighVista Strategies LLC bought a new position in shares of TKO Group during the third quarter valued at approximately $1,447,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of recent analyst reports. Benchmark restated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Pivotal Research reissued a “buy” rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Morgan Stanley raised their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Guggenheim raised their target price on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Two equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $157.00.

Insider Buying and Selling at TKO Group

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the sale, the chief accounting officer now directly owns 2,225 shares in the company, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares in the company, valued at $992,870.30. The trade was a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders bought 1,921,383 shares of company stock worth $304,417,051 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by insiders.

TKO Group Price Performance

Shares of TKO stock opened at $152.71 on Tuesday. The stock’s 50-day moving average is $155.56 and its 200 day moving average is $139.93. TKO Group Holdings, Inc. has a 1-year low of $85.01 and a 1-year high of $179.09. 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 cap of $26.14 billion, a P/E ratio of -363.59 and a beta of 1.08.

TKO Group Dividend Announcement

The company 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 of this dividend was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.00%. TKO Group’s payout ratio is 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.