Blue Grotto Capital LLC Has $39.34 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Blue Grotto Capital LLC increased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,800 shares of the company’s stock after purchasing an additional 17,217 shares during the period. TKO Group accounts for about 7.2% of Blue Grotto Capital LLC’s investment portfolio, making the stock its 3rd largest holding. Blue Grotto Capital LLC’s holdings in TKO Group were worth $39,336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its holdings in shares of TKO Group by 9.7% in the third quarter. Thrivent Financial for Lutherans now owns 15,608 shares of the company’s stock valued at $1,931,000 after buying an additional 1,376 shares during the period. First Horizon Advisors Inc. lifted its holdings in TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of TKO Group by 14.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company’s stock valued at $56,010,000 after purchasing an additional 56,312 shares in the last quarter. Citigroup Inc. grew its stake in shares of TKO Group by 3.4% in the 3rd quarter. Citigroup Inc. now owns 100,426 shares of the company’s stock worth $12,424,000 after purchasing an additional 3,300 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of TKO Group by 5.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,555 shares of the company’s stock worth $7,120,000 after purchasing an additional 2,902 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on TKO. Citigroup raised their price objective on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Pivotal Research restated a “buy” rating and set a $195.00 price target (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Guggenheim upped their target price on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, 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. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.00.

Insider Buying and Selling at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the transaction, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Shane Kapral sold 1,034 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

TKO Group Price Performance

NYSE:TKO opened at $154.65 on Wednesday. TKO Group Holdings, Inc. has a one year low of $85.01 and a one year high of $179.09. The stock has a market cap of $26.47 billion, a P/E ratio of -368.21 and a beta of 1.08. The company has a fifty day moving average price of $154.78 and a 200 day moving average price of $138.86. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio is presently 7,600.00%.

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.