TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Clayton Partners LLC

Clayton Partners LLC lessened its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,954 shares of the company’s stock after selling 426 shares during the period. TKO Group makes up approximately 3.0% of Clayton Partners LLC’s portfolio, making the stock its 12th biggest holding. Clayton Partners LLC’s holdings in TKO Group were worth $3,775,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. MFA Wealth Advisors LLC acquired a new stake in shares of TKO Group in the 2nd quarter worth approximately $36,000. GAMMA Investing LLC increased its position in shares of 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 position in shares of TKO Group during the 4th quarter worth $79,000. Sunbelt Securities Inc. raised its stake in shares of TKO Group by 1,384.4% during the 1st 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 last quarter. Finally, TFO Wealth Partners LLC purchased a new stake in shares of TKO Group in the 4th quarter worth about $124,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TKO shares. Bank of America assumed coverage on shares of TKO Group in a report on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price for the company. 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 target for the company. JPMorgan Chase & Co. upped their price objective on TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Morgan Stanley boosted their target price on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Finally, TD Cowen upped their target price on shares of TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.13.

TKO Group Trading Down 2.0 %

TKO stock opened at $121.99 on Friday. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $125.49. The company has a market cap of $20.78 billion, a price-to-earnings ratio of -120.78 and a beta of 1.04. 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 business has a fifty day simple moving average of $113.87 and a 200-day simple moving average of $103.88.

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 company had revenue of $851.20 million during the quarter, compared to analysts’ expectations of $771.54 million. During the same period last year, the business earned $0.91 earnings per share. The company’s revenue for the quarter 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 EPS for the current year.

Insiders Place Their Bets

In other news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Nick Khan sold 22,693 shares of the firm’s 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 sale, the director now owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The disclosure for this sale can be found here. 53.80% of the stock is owned by company insiders.

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.