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

Quantbot Technologies LP decreased its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 59.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,526 shares of the company’s stock after selling 18,509 shares during the quarter. Quantbot Technologies LP’s holdings in TKO Group were worth $1,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position 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 in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares during the period. MFA Wealth Advisors LLC purchased a new stake in TKO Group during the second quarter worth $36,000. Signaturefd LLC grew its position in TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after buying an additional 109 shares during the period. Finally, Quarry LP acquired a new stake in TKO Group during the second quarter valued at $51,000. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Down 0.2 %

TKO stock opened at $137.96 on Friday. The company has a market cap of $23.56 billion, a price-to-earnings ratio of -328.48 and a beta of 1.06. The firm has a 50-day moving average of $124.54 and a two-hundred day moving average of $115.61. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $139.45. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). The firm had revenue of $681.20 million for the quarter, compared to analyst estimates 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 was up 51.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. As a group, analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal 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 sale, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. The trade was a 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 53.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TKO has been the topic of several recent analyst reports. Roth Mkm increased their target price on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Guggenheim raised their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. boosted their price objective on TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Pivotal Research increased their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, UBS Group boosted their price target on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and an average target price 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.