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

Quantbot Technologies LP lessened its position in TKO Group Holdings, Inc. (NYSE:TKO) by 59.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of TKO Group by 5.3% during the third quarter. The Manufacturers Life Insurance Company now owns 57,555 shares of the company’s stock worth $7,120,000 after purchasing an additional 2,902 shares in the last quarter. Draper Asset Management LLC purchased a new stake in TKO Group during the 3rd quarter worth approximately $296,000. Algert Global LLC lifted its holdings in TKO Group by 151.5% during the 3rd quarter. Algert Global LLC now owns 58,581 shares of the company’s stock worth $7,247,000 after buying an additional 35,289 shares in the last quarter. Icon Wealth Advisors LLC purchased a new position in TKO Group in the 3rd quarter valued at approximately $125,000. Finally, Citigroup Inc. grew its stake in shares of TKO Group by 3.4% in the third quarter. Citigroup Inc. now owns 100,426 shares of the company’s stock worth $12,424,000 after acquiring an additional 3,300 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction that occurred on 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 approximately $4,837,822.56. This trade represents a 42.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 53.80% of the stock is owned by company insiders.

TKO Group Stock Down 0.2 %

TKO opened at $137.96 on Friday. The business’s 50-day simple moving average is $124.54 and its 200-day simple moving average is $115.61. The stock has a market capitalization of $23.56 billion, a P/E ratio of -328.48 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $139.45.

TKO Group (NYSE:TKO) last posted its quarterly earnings data 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 during 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%. TKO Group’s revenue was up 51.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. Analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. TD Cowen lifted their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Morgan Stanley lifted their price objective on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Roth Mkm upped 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. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Guggenheim increased their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.43.

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.