Natixis Advisors LLC Acquires 52,089 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Natixis Advisors LLC lifted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 119.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,665 shares of the company’s stock after acquiring an additional 52,089 shares during the period. Natixis Advisors LLC owned 0.06% of TKO Group worth $13,595,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ninety One UK Ltd boosted its holdings in shares of TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after purchasing an additional 163,980 shares during the period. State Street Corp boosted its stake in shares of TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of TKO Group by 29.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after purchasing an additional 383,869 shares during the period. Principal Financial Group Inc. raised its position in TKO Group by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock worth $154,185,000 after purchasing an additional 13,148 shares during the period. Finally, Geode Capital Management LLC lifted its stake in TKO Group by 7.4% in the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after purchasing an additional 85,160 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

NYSE TKO opened at $150.02 on Thursday. The company has a market cap of $25.68 billion, a PE ratio of -357.20 and a beta of 1.08. The firm’s 50 day moving average price is $153.97 and its 200-day moving average price is $137.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a 52-week low of $80.89 and a 52-week high of $179.09.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.01%. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Insider Transactions at TKO Group

In other news, Director Sonya E. Medina bought 233 shares of TKO Group stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $285,860. This trade represents a 13.19 % increase in their position. The purchase 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 stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the sale, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the topic of a number of analyst reports. UBS Group upped their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Citigroup increased their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, Guggenheim boosted their price objective on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

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.