Tidal Investments LLC Cuts Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Tidal Investments LLC decreased its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,049 shares of the company's stock after selling 2,754 shares during the period. Tidal Investments LLC's holdings in TKO Group were worth $2,707,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position 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 worth $66,691,000 after acquiring an additional 16,536 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in TKO Group by 21.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company's stock worth $2,836,000 after acquiring an additional 3,572 shares during the period. Twin Tree Management LP raised its position in TKO Group by 147.0% in the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company's stock worth $17,581,000 after acquiring an additional 73,617 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in TKO Group in the fourth quarter worth about $431,000. Finally, Moore Capital Management LP raised its position in TKO Group by 1,625.0% in the fourth quarter. Moore Capital Management LP now owns 418,286 shares of the company's stock worth $59,443,000 after acquiring an additional 394,038 shares during the period. Institutional investors own 89.79% of the company's stock.

TKO Group Price Performance

NYSE TKO traded up $1.55 on Friday, hitting $157.78. The stock had a trading volume of 1,314,987 shares, compared to its average volume of 1,112,840. TKO Group Holdings, Inc. has a 52-week low of $100.76 and a 52-week high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $27.01 billion, a price-to-earnings ratio of -375.67 and a beta of 0.73. The firm has a 50-day moving average of $154.75 and a 200-day moving average of $148.78.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the previous year, the business earned ($1.26) earnings per share. The firm's revenue was up 3.8% on a year-over-year basis. Equities analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's payout ratio is 77.16%.

Insider Buying and Selling

In related news, Director Sonya E. Medina purchased 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 purchase, the director now directly owns 2,000 shares in the company, valued at approximately $285,860. This represents a 13.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Kraft purchased 20,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of $151.78 per share, with a total value of $3,035,600.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $3,035,600. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 23,733 shares of company stock worth $3,561,318 over the last ninety days. 61.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Benchmark reissued a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Guggenheim boosted their price target on shares of TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, May 9th. The Goldman Sachs Group boosted their price target on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research report on Monday, May 12th. 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 research report on Monday, February 24th. Finally, Pivotal Research reissued a "buy" rating and issued a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Two equities research 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $166.25.

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.