Proficio Capital Partners LLC Acquires Shares of 20,748 TKO Group Holdings, Inc. (NYSE:TKO)

Proficio Capital Partners LLC acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,748 shares of the company’s stock, valued at approximately $2,948,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. grew its stake in shares of TKO Group by 3.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,971 shares of the company’s stock worth $491,000 after purchasing an additional 139 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in TKO Group during the third quarter worth $222,000. KBC Group NV grew its position in TKO Group by 12.2% during the third quarter. KBC Group NV now owns 1,858 shares of the company’s stock valued at $230,000 after buying an additional 202 shares during the period. Natixis Advisors LLC increased its holdings in TKO Group by 237.0% in the third quarter. Natixis Advisors LLC now owns 43,576 shares of the company’s stock valued at $5,391,000 after buying an additional 30,647 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of TKO Group by 6.5% in the third quarter. Mutual of America Capital Management LLC now owns 35,905 shares of the company’s stock worth $4,442,000 after acquiring an additional 2,179 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the subject of a number of recent analyst reports. UBS Group boosted their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley upped their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Guggenheim lifted their target price 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. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Trading Down 0.2 %

NYSE:TKO opened at $145.35 on Wednesday. TKO Group Holdings, Inc. has a 12-month low of $80.03 and a 12-month high of $179.09. The firm has a market cap of $24.88 billion, a PE ratio of -346.08 and a beta of 1.08. 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 stock has a fifty day moving average price of $153.81 and a 200 day moving average price of $137.65.

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 is Friday, March 14th. TKO Group’s payout ratio is presently 7,600.00%.

Insider Transactions at TKO Group

In other news, Director Sonya E. Medina bought 233 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of $142.93 per share, with a total value of $33,302.69. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Shane Kapral sold 1,034 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were 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 of the company’s stock, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, 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.

About TKO Group

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.