Rahlfs Capital LLC Buys Shares of 10,515 TKO Group Holdings, Inc. (NYSE:TKO)

Rahlfs Capital LLC purchased a new stake in TKO Group Holdings, Inc. (NYSE:TKO) during the 4th quarter, Holdings Channel reports. The firm purchased 10,515 shares of the company’s stock, valued at approximately $1,494,000. TKO Group accounts for 1.4% of Rahlfs Capital LLC’s portfolio, making the stock its 19th biggest position.

A number of other hedge funds also recently made changes to their positions in TKO. Smartleaf Asset Management LLC increased its stake in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group during the 4th quarter valued at $32,000. Game Plan Financial Advisors LLC raised its stake 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 in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of TKO Group in the fourth quarter valued at $38,000. Finally, UMB Bank n.a. grew its holdings in TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after acquiring an additional 115 shares during the period. Institutional investors own 89.79% of the company’s stock.

TKO Group Trading Down 7.1 %

NYSE: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 capitalization of $23.92 billion, a P/E ratio of -332.71 and a beta of 1.08. The stock’s 50 day moving average price is $155.76 and its 200 day moving average price is $140.55. TKO Group Holdings, Inc. has a 52 week low of $91.38 and a 52 week high of $179.09.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group’s dividend payout ratio is presently 7,600.00%.

Analyst Ratings Changes

TKO has been the subject of a number of research analyst reports. Benchmark reissued a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Pivotal Research restated a “buy” rating and issued a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. JPMorgan Chase & Co. increased their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. UBS Group lifted their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley upped their target price on TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Insiders Place Their Bets

In related news, major shareholder Patrick Whitesell acquired 156,446 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were acquired 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. The trade was a 6.79 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Kraft bought 3,500 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $140.69 per share, with a total value of $492,415.00. Following the transaction, the director now directly owns 23,500 shares of the company’s stock, valued at approximately $3,306,215. This trade represents a 17.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 1,921,383 shares of company stock valued at $304,417,051 and have sold 5,833 shares valued at $838,785. Company 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.