TKO Group Holdings, Inc. (NYSE:TKO) is Xn LP’s 2nd Largest Position

Xn LP lessened its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 3.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,920,126 shares of the company’s stock after selling 63,220 shares during the quarter. TKO Group accounts for 8.6% of Xn LP’s holdings, making the stock its 2nd largest holding. Xn LP’s holdings in TKO Group were worth $207,354,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MFA Wealth Advisors LLC bought a new stake in TKO Group during the 2nd quarter valued at $36,000. GAMMA Investing LLC boosted its stake in TKO Group by 388.6% in the 2nd 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 bought a new stake in shares of TKO Group during the fourth quarter valued at about $79,000. Sunbelt Securities Inc. increased its position in shares of TKO Group by 1,384.4% during the first quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock valued at $99,000 after buying an additional 1,066 shares during the period. Finally, TFO Wealth Partners LLC purchased a new stake in shares of TKO Group in the fourth quarter worth about $124,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

Shares of NYSE:TKO opened at $121.09 on Wednesday. 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 stock has a market cap of $20.66 billion, a PE ratio of -119.89 and a beta of 1.04. The company’s fifty day moving average is $113.32 and its 200 day moving average is $103.60. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $121.18.

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). The company had revenue of $851.20 million during the quarter, compared to analysts’ expectations of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The firm’s quarterly revenue was up 178.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. Research analysts anticipate that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Pivotal Research started coverage on shares of TKO Group in a research note on Friday, September 13th. They issued a “buy” rating and a $170.00 target price on the stock. Bank of America assumed coverage on TKO Group in a research note on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective for the company. Roth Mkm raised their price target on TKO Group from $121.00 to $130.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Morgan Stanley raised 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 boosted their price target on shares of TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.13.

Insider Buying and Selling at TKO Group

In other news, 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 transaction, the director now owns 220,018 shares in the company, valued at $23,218,499.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction 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 in the company, valued at $23,218,499.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The disclosure for this sale can be found here. Corporate insiders own 53.80% of the company’s stock.

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.