Machina Capital S.A.S. Acquires New Position in TKO Group Holdings, Inc. (NYSE:TKO)

Machina Capital S.A.S. acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, HoldingsChannel reports. The fund acquired 1,497 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors have also modified their holdings of the business. Draper Asset Management LLC grew its position in TKO Group by 7.3% in the 4th quarter. Draper Asset Management LLC now owns 2,567 shares of the company’s stock worth $372,000 after purchasing an additional 175 shares during the last quarter. Black Swift Group LLC grew its position in TKO Group by 48.8% in the 4th quarter. Black Swift Group LLC now owns 21,350 shares of the company’s stock worth $3,034,000 after purchasing an additional 7,000 shares during the last quarter. Raymond James Financial Inc. bought a new position in TKO Group in the 4th quarter worth about $33,922,000. Arizona State Retirement System grew its position in TKO Group by 1.2% in the 4th quarter. Arizona State Retirement System now owns 21,163 shares of the company’s stock worth $3,007,000 after purchasing an additional 252 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in TKO Group in the 4th quarter worth about $2,948,000. Institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the subject of several recent analyst reports. Pivotal Research restated a “buy” rating and issued a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. The Goldman Sachs Group upped their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Benchmark reissued a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, UBS Group increased their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Stock Down 2.4 %

Shares of NYSE:TKO opened at $143.39 on Monday. 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 company has a market cap of $24.49 billion, a PE ratio of -341.40 and a beta of 1.08. TKO Group Holdings, Inc. has a 52 week low of $79.32 and a 52 week high of $179.09. The firm has a 50 day simple moving average of $153.64 and a 200 day simple moving average of $136.37.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.06%. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Insider Activity at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the transaction, the chief financial officer now owns 6,995 shares in the company, valued at approximately $992,870.30. This represents a 43.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell acquired 31,352 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the purchase, the insider now owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. This trade represents a 1.91 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $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.