Symmetry Investments LP Has $7.27 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Symmetry Investments LP reduced its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 54.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,353 shares of the company’s stock after selling 79,111 shares during the period. TKO Group comprises approximately 0.8% of Symmetry Investments LP’s investment portfolio, making the stock its 28th largest position. Symmetry Investments LP’s holdings in TKO Group were worth $7,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado boosted its position in TKO Group by 32.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 7,263 shares of the company’s stock valued at $784,000 after buying an additional 1,764 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of TKO Group by 10.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,021 shares of the company’s stock worth $758,000 after purchasing an additional 689 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of TKO Group by 668.2% in the second quarter. Quantbot Technologies LP now owns 31,035 shares of the company’s stock valued at $3,351,000 after buying an additional 26,995 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of TKO Group by 26.9% in the second quarter. Dimensional Fund Advisors LP now owns 448,205 shares of the company’s stock valued at $48,402,000 after buying an additional 94,944 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in TKO Group by 267.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock valued at $142,640,000 after buying an additional 961,880 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

TKO Group Stock Performance

Shares of TKO Group stock opened at $121.99 on Friday. The business has a 50-day simple moving average of $113.87 and a 200 day simple moving average of $103.88. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $125.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $20.78 billion, a price-to-earnings ratio of -120.78 and a beta of 1.04.

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

Insider Buying and Selling at TKO Group

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

Wall Street Analysts Forecast Growth

TKO has been the subject of several recent research reports. UBS Group upped their price target on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Roth Mkm lifted their target price on TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Bank of America assumed coverage on TKO Group in a research note on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target for the company. TD Cowen upped their target price on TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.13.

TKO Group 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.