Quantbot Technologies LP Raises Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Quantbot Technologies LP boosted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 668.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,035 shares of the company’s stock after purchasing an additional 26,995 shares during the period. Quantbot Technologies LP’s holdings in TKO Group were worth $3,351,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TKO. MFA Wealth Advisors LLC purchased a new position in TKO Group during the second quarter worth about $36,000. GAMMA Investing LLC raised its stake in 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 purchasing an additional 408 shares during the period. Scarborough Advisors LLC purchased a new position in TKO Group during the fourth quarter worth about $79,000. Sunbelt Securities Inc. raised its stake in 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 purchasing an additional 1,066 shares during the period. Finally, TFO Wealth Partners LLC purchased a new position in TKO Group during the fourth quarter worth about $124,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TKO Group

In other news, Director Nick Khan sold 22,693 shares of the business’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 transaction of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Nick Khan sold 22,693 shares of the business’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 transaction of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark S. Shapiro sold 31,026 shares of the business’s 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 sale, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The disclosure for this sale can be found here. Insiders own 53.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America initiated coverage on shares of TKO Group in a research note on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price on the stock. Redburn Atlantic assumed coverage on shares of TKO Group in a research note on Thursday, July 18th. They issued a “buy” rating and a $129.00 price target on the stock. Pivotal Research assumed coverage on shares of TKO Group in a report on Friday. They issued a “buy” rating and a $170.00 price objective for the company. Morgan Stanley lifted their price objective on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Finally, UBS Group lifted their price objective on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and a consensus target price of $127.13.

TKO Group Trading Up 1.7 %

NYSE TKO opened at $117.33 on Tuesday. 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 $120.70. The stock has a market capitalization of $19.98 billion, a PE ratio of -116.17 and a beta of 1.04. The firm has a 50 day moving average of $113.12 and a two-hundred day moving average of $103.33.

TKO Group (NYSE:TKO) last posted its quarterly earnings results 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 positive return on equity of 3.10% and a negative net margin of 3.14%. The firm had revenue of $851.20 million for the quarter, compared to analyst estimates of $771.54 million. During the same quarter last year, the firm earned $0.91 EPS. The company’s revenue was up 178.9% on a year-over-year basis. As a group, research analysts expect that TKO Group Holdings, Inc. will post 4.17 EPS for the current fiscal year.

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.