Caxton Associates LP Sells 2,568 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Caxton Associates LP lowered its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 29.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,116 shares of the company's stock after selling 2,568 shares during the quarter. Caxton Associates LP's holdings in TKO Group were worth $869,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of TKO Group during the fourth quarter valued at $104,613,000. Ameriprise Financial Inc. raised its stake in shares of TKO Group by 57.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock valued at $238,574,000 after purchasing an additional 611,178 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of TKO Group in the fourth quarter worth about $54,778,000. Marshall Wace LLP raised its holdings in TKO Group by 98.5% in the fourth quarter. Marshall Wace LLP now owns 726,058 shares of the company's stock valued at $103,180,000 after acquiring an additional 360,236 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in TKO Group by 277.4% during the 4th quarter. Alliancebernstein L.P. now owns 343,671 shares of the company's stock worth $48,839,000 after buying an additional 252,613 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Price Performance

Shares of NYSE:TKO traded down $9.19 during midday trading on Friday, reaching $159.77. The company's stock had a trading volume of 1,867,347 shares, compared to its average volume of 1,107,861. 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 company has a market capitalization of $27.35 billion, a P/E ratio of -380.40 and a beta of 0.73. TKO Group Holdings, Inc. has a fifty-two week low of $98.52 and a fifty-two week high of $179.09. The business's fifty day simple moving average is $151.47 and its 200-day simple moving average is $145.79.

TKO Group (NYSE:TKO - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted ($1.26) earnings per share. The firm's quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 0.95%. TKO Group's dividend payout ratio is presently 7,600.00%.

Insider Activity at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell purchased 156,446 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were purchased at an average cost of $175.60 per share, with a total value of $27,471,917.60. Following the transaction, the insider now directly owns 2,461,668 shares of the company's stock, valued at $432,268,900.80. This represents a 6.79 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ariel Emanuel purchased 117,769 shares of TKO Group stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the completion of the transaction, the chief executive officer now directly owns 2,579,437 shares of the company's stock, valued at approximately $452,433,249.80. The trade was a 4.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 414,204 shares of company stock worth $71,689,438 in the last ninety days. Company insiders own 53.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. The Goldman Sachs Group raised their price objective on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Benchmark reissued a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Susquehanna initiated coverage on TKO Group in a report on Monday, April 28th. They set a "positive" rating and a $180.00 price target on the stock. Finally, Guggenheim upped their target price on shares of TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Friday. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $162.33.

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.