SG Americas Securities LLC Has $150,000 Stake in TKO Group Holdings, Inc. (NYSE:TKO)

SG Americas Securities LLC trimmed its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 63.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,214 shares of the company’s stock after selling 2,109 shares during the period. SG Americas Securities LLC’s holdings in TKO Group were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TKO. MFA Wealth Advisors LLC acquired a new position in TKO Group in the second quarter valued at about $36,000. Quarry LP acquired a new position in shares of TKO Group during the second quarter worth about $51,000. GAMMA Investing LLC boosted its position in shares of TKO Group by 388.6% during the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after buying an additional 408 shares during the period. Sunbelt Securities Inc. boosted its position in shares of TKO Group by 1,384.4% during the first quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock worth $99,000 after buying an additional 1,066 shares during the period. Finally, Checchi Capital Advisers LLC acquired a new position in shares of TKO Group during the second quarter worth about $212,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TKO. Roth Mkm upped their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday. TD Cowen upped their price objective on TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Redburn Atlantic assumed coverage on TKO Group in a research report on Thursday, July 18th. They set a “buy” rating and a $129.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.21.

TKO Group Price Performance

NYSE:TKO opened at $115.00 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. The stock’s 50 day moving average price is $121.45 and its two-hundred day moving average price is $110.91. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of -122.14 and a beta of 1.04. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $130.95.

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

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the transaction, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 53.80% of the stock is owned by corporate insiders.

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.