Sei Investments Co. Reduces Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Sei Investments Co. lessened its position in TKO Group Holdings, Inc. (NYSE:TKO) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 152,263 shares of the company’s stock after selling 16,411 shares during the period. Sei Investments Co. owned 0.09% of TKO Group worth $21,638,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in TKO Group in the 4th quarter worth approximately $32,000. Game Plan Financial Advisors LLC grew its position in shares of TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of TKO Group during the fourth quarter valued at approximately $38,000. Finally, UMB Bank n.a. raised its holdings in shares of TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Transactions at TKO Group

In other news, Director Sonya E. Medina bought 233 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, with a total value of $33,302.69. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $285,860. This represents a 13.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction that occurred on 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 owns 6,995 shares in the company, 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 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by insiders.

TKO Group Stock Performance

TKO Group stock opened at $154.66 on Thursday. The stock’s 50 day moving average is $155.00 and its 200 day moving average is $138.97. The company has a market capitalization of $26.47 billion, a P/E ratio of -368.24 and a beta of 1.08. TKO Group Holdings, Inc. has a twelve month low of $85.01 and a twelve month high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 0.98%. TKO Group’s payout ratio is presently 7,600.00%.

Analyst Ratings Changes

Several analysts recently weighed in on TKO shares. Guggenheim lifted their price target on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Benchmark restated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Finally, 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. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

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.