TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 469,289 shares of the company’s stock after acquiring an additional 16,536 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.27% of TKO Group worth $66,691,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Park Avenue Securities LLC increased its position in shares of TKO Group by 59.2% during the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after purchasing an additional 4,836 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of TKO Group by 11.0% during the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock worth $9,984,000 after purchasing an additional 8,006 shares during the last quarter. HighTower Advisors LLC increased its position in shares of TKO Group by 177.2% during the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after purchasing an additional 16,746 shares during the last quarter. Petrus Trust Company LTA acquired a new stake in shares of TKO Group during the 3rd quarter worth about $597,000. Finally, Massachusetts Financial Services Co. MA increased its position 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 last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Benchmark reissued a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Guggenheim raised their target price on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Morgan Stanley raised their target price on TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Pivotal Research restated a “buy” rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Finally, Citigroup raised their target price on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Insider Activity

In related news, CAO Shane Kapral sold 1,034 shares of the business’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 transaction of $146,765.96. Following the completion of the sale, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of the business’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 $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 2,490,445 shares of company stock worth $386,746,551 and sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

Shares of TKO opened at $144.95 on Wednesday. The stock has a 50-day simple moving average of $153.67 and a 200-day simple moving average of $136.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $24.81 billion, a PE ratio of -345.12 and a beta of 1.08. TKO Group Holdings, Inc. has a 1 year low of $79.32 and a 1 year high of $179.09.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s payout ratio is presently 7,600.00%.

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.