TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Kendall Capital Management

Kendall Capital Management reduced its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 9.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,540 shares of the company’s stock after selling 380 shares during the period. Kendall Capital Management’s holdings in TKO Group were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TKO. MFA Wealth Advisors LLC acquired a new stake in shares of TKO Group in the second quarter valued at $36,000. GAMMA Investing LLC raised its stake in TKO Group by 388.6% in the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after buying an additional 408 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in TKO Group in the fourth quarter valued at $79,000. Sunbelt Securities Inc. raised its stake in TKO Group by 1,384.4% in the first quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock valued at $99,000 after buying an additional 1,066 shares in the last quarter. Finally, TFO Wealth Partners LLC acquired a new stake in TKO Group in the fourth quarter valued at $124,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TKO Group

In other TKO Group news, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the sale, the director now owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TKO Group news, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the sale, the director now owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. The disclosure for this sale can be found here. 53.80% of the stock is owned by corporate insiders.

TKO Group Stock Performance

NYSE TKO opened at $124.50 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $125.49. The business’s 50-day moving average price is $113.57 and its 200 day moving average price is $103.73. The firm has a market cap of $21.24 billion, a P/E ratio of -123.27 and a beta of 1.04.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The company had revenue of $851.20 million for the quarter, compared to analysts’ expectations of $771.54 million. During the same period in the prior year, the business earned $0.91 EPS. The business’s quarterly revenue was up 178.9% compared to the same quarter last year. On average, equities research analysts expect that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TKO shares. The Goldman Sachs Group restated a “buy” rating and issued a $132.00 price target on shares of TKO Group in a research note on Thursday, September 12th. Pivotal Research started coverage on TKO Group in a research note on Friday, September 13th. They issued a “buy” rating and a $170.00 price target on the stock. TD Cowen raised their price target on TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Bank of America started coverage on TKO Group in a report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective on the stock. Finally, UBS Group raised their price objective on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.13.

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.