Polymer Capital Management HK LTD Purchases Shares of 2,400 TKO Group Holdings, Inc. (NYSE:TKO)

Polymer Capital Management HK LTD purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,400 shares of the company’s stock, valued at approximately $341,000.

A number of other hedge funds also recently modified their holdings of TKO. Charles Schwab Investment Management Inc. raised its position in TKO Group by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock worth $66,691,000 after purchasing an additional 16,536 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TKO Group by 21.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company’s stock valued at $2,836,000 after buying an additional 3,572 shares during the period. Twin Tree Management LP lifted its stake in shares of TKO Group by 147.0% in the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company’s stock worth $17,581,000 after acquiring an additional 73,617 shares during the period. Park Avenue Securities LLC boosted its holdings in TKO Group by 59.2% in the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after acquiring an additional 4,836 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in TKO Group by 11.0% in the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after acquiring an additional 8,006 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO opened at $139.74 on Monday. The firm has a market capitalization of $23.92 billion, a P/E ratio of -332.71 and a beta of 0.90. TKO Group Holdings, Inc. has a 52 week low of $93.50 and a 52 week high of $179.09. The stock has a 50 day moving average price of $155.76 and a two-hundred day moving average price of $140.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group Announces Dividend

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 $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Friday, March 14th. TKO Group’s payout ratio is currently 7,600.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TKO. Guggenheim boosted their price target on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Pivotal Research reissued a “buy” rating and set a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Insider Buying and Selling at TKO Group

In other news, CEO Ariel Emanuel bought 115,952 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average price of $143.85 per share, for a total transaction of $16,679,695.20. Following the completion of the acquisition, the chief executive officer now directly owns 1,031,804 shares in the company, valued at approximately $148,425,005.40. This trade represents a 12.66 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew M. Schleimer sold 3,265 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total transaction of $469,507.00. Following the transaction, the chief financial officer now owns 9,563 shares in the company, valued at approximately $1,375,159.40. This trade represents a 25.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,921,383 shares of company stock worth $304,417,051 and have sold 5,833 shares worth $838,785. Company insiders own 53.80% of the company’s stock.

TKO Group Company 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.