TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Sycale Advisors NY LLC

Sycale Advisors NY LLC trimmed its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 63.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,029 shares of the company's stock after selling 76,014 shares during the quarter. TKO Group accounts for approximately 1.6% of Sycale Advisors NY LLC's investment portfolio, making the stock its 18th biggest holding. Sycale Advisors NY LLC's holdings in TKO Group were worth $6,257,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in TKO Group by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock valued at $66,691,000 after purchasing an additional 16,536 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in TKO Group by 21.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company's stock valued at $2,836,000 after purchasing an additional 3,572 shares during the last quarter. Twin Tree Management LP boosted its holdings in TKO Group by 147.0% in the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company's stock valued at $17,581,000 after purchasing an additional 73,617 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in TKO Group by 59.2% in the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company's stock valued at $1,848,000 after purchasing an additional 4,836 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in TKO Group in the fourth quarter valued at $431,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on TKO. Guggenheim upped their price target on shares of TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday, May 9th. Benchmark reissued a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Susquehanna assumed coverage on shares of TKO Group in a research note on Monday, April 28th. They set a "positive" rating and a $180.00 target price on the stock. Finally, The Goldman Sachs Group increased their target price on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $166.25.

TKO Group Price Performance

TKO Group stock traded down $2.98 during midday trading on Wednesday, reaching $159.76. The company had a trading volume of 653,068 shares, compared to its average volume of 1,105,312. The company has a market capitalization of $27.35 billion, a P/E ratio of -380.37 and a beta of 0.73. TKO Group Holdings, Inc. has a 12-month low of $100.76 and a 12-month high of $179.09. The firm's fifty day simple moving average is $153.88 and its 200-day simple moving average is $148.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

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

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, March 14th. TKO Group's dividend payout ratio is presently 77.16%.

Insider Buying and Selling at TKO Group

In other TKO Group news, Director Jonathan Kraft acquired 20,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $151.78 per share, for a total transaction of $3,035,600.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $3,035,600. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sonya E. Medina acquired 233 shares of the business's stock in a transaction on Monday, March 17th. The stock was acquired at an average price of $142.93 per share, with a total value of $33,302.69. Following the acquisition, the director now owns 2,000 shares in the company, valued at $285,860. The trade was a 13.19% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 23,733 shares of company stock worth $3,561,318. Insiders own 61.30% of the company's stock.

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.