TKO Group Holdings, Inc. (NYSE:TKO) is Clearline Capital LP’s 8th Largest Position

Clearline Capital LP cut its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 51.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 202,319 shares of the company’s stock after selling 218,625 shares during the quarter. TKO Group accounts for approximately 1.1% of Clearline Capital LP’s holdings, making the stock its 8th biggest holding. Clearline Capital LP owned approximately 0.12% of TKO Group worth $25,029,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. increased its stake in TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the period. First Horizon Advisors Inc. increased its stake in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares during the period. MFA Wealth Advisors LLC purchased a new position in shares of TKO Group in the second quarter worth $36,000. Signaturefd LLC raised its holdings in TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after buying an additional 109 shares during the last quarter. Finally, Quarry LP purchased a new stake in TKO Group during the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

NYSE TKO opened at $137.96 on Monday. The stock’s fifty day moving average price is $124.86 and its 200-day moving average price is $115.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $139.45.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The firm had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction 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 owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This trade represents a 42.40 % decrease in their position. The transaction 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 company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price objective 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. UBS Group increased 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. JPMorgan Chase & Co. boosted their target price on TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Pivotal Research raised their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.43.

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.