Voya Investment Management LLC Decreases Position in TKO Group Holdings, Inc. (NYSE:TKO)

Voya Investment Management LLC reduced its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,075 shares of the company’s stock after selling 822 shares during the period. Voya Investment Management LLC’s holdings in TKO Group were worth $1,858,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TKO. M&T Bank Corp increased its position in shares of TKO Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock worth $389,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. boosted its stake in TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of TKO Group by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 26,174 shares of the company’s stock worth $3,720,000 after buying an additional 78 shares in the last quarter. US Bancorp DE lifted its stake in shares of TKO Group by 18.0% in the fourth quarter. US Bancorp DE now owns 565 shares of the company’s stock worth $80,000 after buying an additional 86 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in TKO Group by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock worth $2,629,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the subject of a number of recent research reports. Pivotal Research reiterated a “buy” rating and issued a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. UBS Group boosted their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Morgan Stanley raised their target price on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Finally, Guggenheim reissued a “buy” rating and set a $175.00 price target on shares of TKO Group in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.08.

Insider Buying and Selling at TKO Group

In other news, Director Sonya E. Medina bought 233 shares of the company’s stock in a transaction on Monday, March 17th. The stock was bought at an average cost of $142.93 per share, with a total value of $33,302.69. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $285,860. The trade was a 13.19 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Whitesell purchased 94,161 shares of TKO Group stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of $157.79 per share, for a total transaction of $14,857,664.19. Following the transaction, the insider now directly owns 1,780,529 shares of the company’s stock, valued at approximately $280,949,670.91. This represents a 5.58 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 916,802 shares of company stock valued at $152,762,971 over the last quarter. 53.80% of the stock is owned by company insiders.

TKO Group Price Performance

Shares of TKO opened at $166.50 on Friday. The firm has a 50-day simple moving average of $149.91 and a two-hundred day simple moving average of $144.58. The stock has a market cap of $28.50 billion, a PE ratio of -396.43 and a beta of 0.90. TKO Group Holdings, Inc. has a 1-year low of $97.37 and a 1-year high of $179.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 0.91%. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

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.