Horizon Investments LLC Has $134,000 Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Horizon Investments LLC raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 944 shares of the company’s stock after acquiring an additional 107 shares during the period. Horizon Investments LLC’s holdings in TKO Group were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Geneos Wealth Management Inc. acquired a new position in TKO Group in the fourth quarter valued at about $32,000. First Horizon Advisors Inc. grew its stake in TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares during the period. Game Plan Financial Advisors LLC grew its stake in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after acquiring an additional 155 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in TKO Group in the fourth quarter valued at about $38,000. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Performance

Shares of NYSE TKO opened at $150.45 on Friday. The stock has a 50 day moving average price of $154.14 and a 200 day moving average price of $137.82. TKO Group Holdings, Inc. has a 52 week low of $84.88 and a 52 week high of $179.09. 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 $25.75 billion, a PE ratio of -358.20 and a beta of 1.08.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.01%. TKO Group’s dividend payout ratio is 7,600.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TKO shares. Citigroup upped their price objective on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Pivotal Research reaffirmed a “buy” rating and set a $195.00 price objective (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. UBS Group upped their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group upped their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Two 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. Based on data from MarketBeat, TKO Group 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, insider Mark S. Shapiro sold 31,666 shares of the company’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 $4,494,672.04. Following the sale, the insider now owns 73,677 shares in the company, valued at $10,457,713.38. This represents a 30.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Patrick Whitesell acquired 177,861 shares of the company’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the purchase, the insider now directly owns 2,188,966 shares of the company’s stock, valued at approximately $363,346,466.34. This trade represents a 8.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,921,383 shares of company stock worth $304,417,051 and have sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

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.