TKO Group Holdings, Inc. $TKO Shares Sold by Sellaronda Global Management LP

Key Points

• Sellaronda Global Management LP reduced its stake in TKO Group Holdings by 5.6%, now owning 85,000 shares, which constitutes about 12.9% of its investment portfolio.
• Insiders sold a total of 73,725 shares worth approximately $12.5 million in the last three months, indicating significant insider trading activity.
• Analysts maintain a consensus rating of Moderate Buy for TKO Group, with a target price range between $180.00 and $225.00.

Sellaronda Global Management LP lowered its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 5.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,000 shares of the company's stock after selling 5,000 shares during the quarter. TKO Group makes up about 12.9% of Sellaronda Global Management LP's investment portfolio, making the stock its 3rd largest holding. Sellaronda Global Management LP's holdings in TKO Group were worth $12,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Focus Partners Advisor Solutions LLC lifted its stake in TKO Group by 3.6% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock worth $261,000 after purchasing an additional 63 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in TKO Group by 1.1% in the first quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company's stock valued at $1,155,000 after buying an additional 82 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in TKO Group by 2.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,160 shares of the company's stock valued at $449,000 after buying an additional 90 shares during the last quarter. Utah Retirement Systems lifted its stake in TKO Group by 2.4% in the fourth quarter. Utah Retirement Systems now owns 4,300 shares of the company's stock valued at $611,000 after buying an additional 100 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. lifted its stake in TKO Group by 3.2% in the first quarter. Pekin Hardy Strauss Inc. now owns 3,210 shares of the company's stock valued at $491,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Activity

In other news, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $167.36, for a total transaction of $1,593,099.84. Following the completion of the sale, the director directly owned 146,975 shares in the company, valued at $24,597,736. The trade was a 6.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter C. B. Bynoe bought 980 shares of TKO Group stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average price of $169.59 per share, with a total value of $166,198.20. Following the completion of the acquisition, the director owned 2,747 shares in the company, valued at approximately $465,863.73. The trade was a 55.46% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 73,725 shares of company stock worth $12,501,561 in the last three months. 53.80% of the stock is owned by insiders.

TKO Group Trading Down 0.5%

Shares of NYSE TKO opened at $184.5860 on Wednesday. TKO Group Holdings, Inc. has a one year low of $113.16 and a one year high of $194.76. The firm has a market capitalization of $36.60 billion, a PE ratio of 76.28 and a beta of 0.72. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $172.87 and a two-hundred day moving average price of $162.23.

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

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, June 13th. TKO Group's payout ratio is currently 62.81%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Susquehanna assumed 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. The Goldman Sachs Group lifted their target price on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Morgan Stanley reaffirmed an "outperform" rating on shares of TKO Group in a report on Sunday, August 10th. Bank of America lifted their price target on TKO Group from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Finally, Citigroup lifted their price target on TKO Group from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $187.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.