Two Sigma Advisers LP Raises Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Two Sigma Advisers LP increased its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 96,300 shares of the company's stock after acquiring an additional 20,000 shares during the quarter. Two Sigma Advisers LP owned about 0.06% of TKO Group worth $13,685,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in TKO Group by 3.7% in the 4th 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in TKO Group by 21.8% in the 4th 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 last quarter. Twin Tree Management LP increased its holdings in TKO Group by 147.0% in the 4th 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 last quarter. Resona Asset Management Co. Ltd. purchased a new stake in TKO Group in the 4th quarter worth about $431,000. Finally, Moore Capital Management LP increased its holdings in TKO Group by 1,625.0% in the 4th 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 last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

Insider Transactions at TKO Group

In other TKO Group news, Director Jonathan Kraft acquired 3,500 shares of the stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the acquisition, the director now owns 23,500 shares in the company, valued at $3,306,215. The trade was a 17.50% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sonya E. Medina acquired 233 shares of the business's stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost 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 $285,860. This represents a 13.19% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 23,733 shares of company stock valued at $3,561,318. 61.30% of the stock is owned by corporate insiders.

TKO Group Price Performance

TKO stock traded up $1.55 during mid-day trading on Friday, reaching $157.78. 1,314,987 shares of the company traded hands, 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 current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $27.01 billion, a P/E ratio of -375.67 and a beta of 0.73. The company has a fifty day moving average price of $154.75 and a 200-day moving average price of $148.78.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned ($1.26) earnings per share. TKO Group's revenue was up 3.8% on a year-over-year basis. As a group, analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a report on Wednesday. Susquehanna assumed coverage on TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 price objective for the company. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. The Goldman Sachs Group lifted their target price on TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a report on Monday, May 12th. Finally, Benchmark reaffirmed a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.