Chiron Investment Management LLC Cuts Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Chiron Investment Management LLC lowered its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,644 shares of the company’s stock after selling 850 shares during the quarter. Chiron Investment Management LLC’s holdings in TKO Group were worth $1,193,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Coldstream Capital Management Inc. raised its position in TKO Group by 3.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after purchasing an additional 97 shares in the last quarter. Ashford Capital Management Inc. bought a new stake in TKO Group in the 3rd quarter worth approximately $222,000. Geode Capital Management LLC boosted its stake in TKO Group by 7.4% in the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after buying an additional 85,160 shares in the last quarter. M&T Bank Corp grew its position in TKO Group by 17.1% during the third quarter. M&T Bank Corp now owns 2,669 shares of the company’s stock valued at $330,000 after acquiring an additional 389 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in shares of TKO Group by 3.8% during the third quarter. MML Investors Services LLC now owns 5,604 shares of the company’s stock worth $693,000 after acquiring an additional 207 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Mark S. Shapiro sold 31,026 shares of the company’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 value of $3,560,543.76. Following the sale, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. This represents a 42.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 53.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TKO shares. Guggenheim upped their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. TD Cowen raised their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Bank of America initiated coverage on TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price target on the stock. Finally, Roth Mkm boosted their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $132.43.

TKO Group Stock Performance

Shares of TKO opened at $141.00 on Wednesday. TKO Group Holdings, Inc. has a one year low of $72.34 and a one year high of $145.69. The company has a 50-day simple moving average of $127.25 and a two-hundred day simple moving average of $117.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $24.08 billion, a PE ratio of -335.71 and a beta of 1.09.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The firm had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. On average, analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Company 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.