TKO Group Holdings, Inc. $TKO Shares Sold by Clayton Partners LLC

Key Points

• Clayton Partners LLC sold 12,161 shares of TKO Group Holdings, reducing its stake by 35.2%, leaving it with 22,354 shares valued at approximately $3.4 million.
• Major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of TKO Group, increasing their ownership by 61.22%.
• Equities research analysts have a consensus rating of "Moderate Buy" for TKO Group, with price objectives ranging from $190.00 to $225.00.

Clayton Partners LLC decreased its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 35.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,354 shares of the company's stock after selling 12,161 shares during the quarter. TKO Group comprises 3.0% of Clayton Partners LLC's holdings, making the stock its 15th biggest position. Clayton Partners LLC's holdings in TKO Group were worth $3,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Sentry Investment Management LLC purchased a new stake in shares of TKO Group in the 1st quarter valued at $25,000. Hemington Wealth Management boosted its holdings in shares of TKO Group by 425.0% in the 1st quarter. Hemington Wealth Management now owns 168 shares of the company's stock valued at $25,000 after acquiring an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of TKO Group in the 1st quarter valued at $26,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of TKO Group in the 1st quarter valued at $27,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of TKO Group by 129.8% in the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock valued at $33,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Trading Down 2.1%

Shares of NYSE:TKO traded down $3.92 during midday trading on Tuesday, reaching $185.64. 460,554 shares of the company's stock were exchanged, compared to its average volume of 1,252,352. The firm's 50 day simple moving average is $175.80 and its two-hundred day simple moving average is $163.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $36.81 billion, a price-to-earnings ratio of 76.71 and a beta of 0.78. TKO Group Holdings, Inc. has a fifty-two week low of $113.16 and a fifty-two week high of $194.76.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.06). TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business posted $0.72 earnings per share. The firm's revenue for the quarter was up 53.7% compared to the same quarter last year. As a group, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TKO shares. Sanford C. Bernstein started coverage on shares of TKO Group in a research note on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 target price for the company. Northcoast Research cut shares of TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday, July 10th. Roth Capital boosted their target price on shares of TKO Group from $208.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Bank of America boosted their target price on shares of TKO Group from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Finally, UBS Group boosted their price target on shares of TKO Group from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold 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 $189.69.

Insider Transactions at TKO Group

In related news, Director Peter C. B. Bynoe purchased 980 shares of TKO Group stock in a transaction on Thursday, June 5th. The shares were bought at an average price of $169.59 per share, with a total value of $166,198.20. Following the transaction, the director directly owned 2,747 shares of the company's stock, valued at approximately $465,863.73. This trade represents a 55.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nick Khan sold 45,168 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $170.82, for a total value of $7,715,597.76. Following the completion of the sale, the director directly owned 156,494 shares in the company, valued at $26,732,305.08. This represents a 22.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,206 shares of company stock valued at $10,993,180 over the last 90 days. 53.80% of the stock is currently owned by company insiders.

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.