TKO Group Holdings, Inc. (NYSE:TKO) is Tremblant Capital Group's 3rd Largest Position

Tremblant Capital Group cut its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 16.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 403,709 shares of the company's stock after selling 79,710 shares during the quarter. TKO Group accounts for 5.9% of Tremblant Capital Group's portfolio, making the stock its 3rd largest position. Tremblant Capital Group owned about 0.24% of TKO Group worth $57,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in TKO Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock valued at $949,449,000 after acquiring an additional 114,096 shares in the last quarter. Ninety One UK Ltd raised its position in TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after acquiring an additional 163,980 shares in the last quarter. Independent Franchise Partners LLP raised its position in TKO Group by 7.4% during the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock valued at $484,473,000 after acquiring an additional 235,420 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in TKO Group by 2.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock valued at $249,047,000 after acquiring an additional 47,768 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in 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 acquiring an additional 611,178 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on TKO shares. Pivotal Research reiterated a "buy" rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Benchmark reiterated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Susquehanna started 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. JPMorgan Chase & Co. increased their price target on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, The Goldman Sachs Group increased their price target on TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, TKO Group currently has a consensus rating of "Moderate Buy" and an average target price of $166.25.

Insider Buying and Selling at TKO Group

In related news, Director Jonathan Kraft bought 20,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $151.78 per share, with a total value of $3,035,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $3,035,600. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sonya E. Medina bought 233 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the transaction, the director now owns 2,000 shares of the company's stock, valued at $285,860. The trade was a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 23,733 shares of company stock valued at $3,561,318. Company insiders own 61.30% of the company's stock.

TKO Group Trading Down 1.8%

Shares of TKO traded down $2.98 during mid-day trading on Wednesday, reaching $159.76. 653,068 shares of the company were exchanged, compared to its average volume of 1,105,312. The stock has a market capitalization of $27.35 billion, a PE ratio of -380.37 and a beta of 0.73. The business has a 50 day simple moving average of $154.29 and a two-hundred day simple moving average of $148.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a 52 week low of $100.76 and a 52 week high of $179.09.

TKO Group (NYSE:TKO - Get Free Report) last issued 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. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted ($1.26) earnings per share. On average, 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.38 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 77.16%.

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.