Huntington National Bank Has $534,000 Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Huntington National Bank boosted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 53,571.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,757 shares of the company’s stock after acquiring an additional 3,750 shares during the period. Huntington National Bank’s holdings in TKO Group were worth $534,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of TKO Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company’s stock worth $949,449,000 after acquiring an additional 114,096 shares during the last quarter. Ninety One UK Ltd grew its position in TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after purchasing an additional 163,980 shares during the last quarter. State Street Corp increased its holdings in shares of TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of TKO Group by 2.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company’s stock valued at $249,047,000 after buying an additional 47,768 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of TKO Group by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,255,099 shares of the company’s stock valued at $178,777,000 after buying an additional 13,181 shares during the period. 89.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TKO has been the topic of several research reports. Citigroup boosted their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Benchmark restated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. The Goldman Sachs Group lifted 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. Morgan Stanley increased their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Finally, 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. Two research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell bought 156,446 shares of the stock in a transaction dated Tuesday, February 11th. The stock was bought at an average cost of $175.60 per share, with a total value of $27,471,917.60. Following the purchase, the insider now owns 2,461,668 shares of the company’s stock, valued at approximately $432,268,900.80. This represents a 6.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sonya E. Medina purchased 233 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were purchased at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,921,383 shares of company stock valued at $304,417,051 and have sold 5,833 shares valued at $838,785. Insiders own 53.80% of the company’s stock.

TKO Group Trading Down 7.1 %

Shares of TKO opened at $139.74 on Friday. 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 $23.92 billion, a price-to-earnings ratio of -332.71 and a beta of 1.08. The stock has a fifty day moving average price of $155.76 and a two-hundred day moving average price of $140.55. TKO Group Holdings, Inc. has a 52-week low of $91.38 and a 52-week high of $179.09.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.09%. TKO Group’s dividend payout ratio (DPR) is 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.