TKO Group Holdings, Inc. (NYSE:TKO) Short Interest Up 32.6% in September

TKO Group Holdings, Inc. (NYSE:TKO) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 4,680,000 shares, a growth of 32.6% from the September 15th total of 3,530,000 shares. Approximately 6.8% of the company’s shares are sold short. Based on an average daily volume of 821,900 shares, the short-interest ratio is currently 5.7 days.

TKO Group Trading Down 1.0 %

NYSE:TKO opened at $126.24 on Tuesday. TKO Group has a one year low of $72.33 and a one year high of $128.31. The company’s 50-day simple moving average is $119.77 and its 200 day simple moving average is $109.19. The firm has a market capitalization of $21.54 billion, a P/E ratio of -131.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The company had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business’s revenue for the quarter was up 178.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. As a group, analysts forecast that TKO Group will post 4.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Nick Khan sold 22,693 shares of the stock in a transaction dated Monday, July 22nd. The stock was 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 directly owns 220,018 shares in the company, valued at $23,218,499.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction on Monday, September 16th. The shares were 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 owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nick Khan sold 22,693 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was 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 directly owns 220,018 shares in the company, valued at approximately $23,218,499.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 53.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TKO Group

A number of hedge funds have recently bought and sold shares of TKO. MFA Wealth Advisors LLC bought a new position in shares of TKO Group in the second quarter worth approximately $36,000. Quarry LP purchased a new position in shares of TKO Group in the second quarter worth $51,000. GAMMA Investing LLC lifted its holdings in shares of TKO Group by 388.6% during the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after purchasing an additional 408 shares in the last quarter. Scarborough Advisors LLC bought a new stake in TKO Group in the 4th quarter worth about $79,000. Finally, CWM LLC raised its position in TKO Group by 92.3% in the 3rd quarter. CWM LLC now owns 646 shares of the company’s stock worth $80,000 after buying an additional 310 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Guggenheim raised their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. boosted their target price on TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Redburn Atlantic initiated coverage on TKO Group in a report on Thursday, July 18th. They set a “buy” rating and a $129.00 target price for the company. Pivotal Research began coverage on shares of TKO Group in a report on Friday, September 13th. They issued a “buy” rating and a $170.00 price target on the stock. Finally, UBS Group upped their price objective 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. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.93.

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.