UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $33.79 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 19.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,754 shares of the company's stock after acquiring an additional 38,890 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of TKO Group worth $33,787,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Squarepoint Ops LLC raised its position in shares of TKO Group by 241.7% in the 4th quarter. Squarepoint Ops LLC now owns 155,249 shares of the company's stock valued at $22,062,000 after acquiring an additional 109,811 shares during the period. Two Sigma Advisers LP raised its position in shares of TKO Group by 26.2% in the 4th quarter. Two Sigma Advisers LP now owns 96,300 shares of the company's stock valued at $13,685,000 after acquiring an additional 20,000 shares during the period. Two Sigma Investments LP raised its position in shares of TKO Group by 19.7% in the 4th quarter. Two Sigma Investments LP now owns 366,867 shares of the company's stock valued at $52,135,000 after acquiring an additional 60,478 shares during the period. Triavera Capital LLC acquired a new stake in shares of TKO Group in the 4th quarter valued at approximately $9,056,000. Finally, Toronto Dominion Bank acquired a new stake in shares of TKO Group in the 4th quarter valued at approximately $1,258,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on TKO. Susquehanna began coverage on TKO Group in a research note on Monday, April 28th. They set a "positive" rating and a $180.00 target price for the company. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group increased their target price on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Pivotal Research reissued a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Finally, Guggenheim increased their target price on TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, TKO Group presently has a consensus rating of "Moderate Buy" and an average price target of $166.25.

Insider Buying and Selling at TKO Group

In other TKO Group 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 acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $285,860. This trade represents a 13.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan Kraft bought 3,500 shares of the company's stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $140.69 per share, with a total value of $492,415.00. Following the acquisition, the director now directly owns 23,500 shares of the company's stock, valued at approximately $3,306,215. This represents a 17.50% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 23,733 shares of company stock valued at $3,561,318 in the last quarter. 61.30% of the stock is currently owned by insiders.

TKO Group Stock Down 1.4%

Shares of NYSE:TKO traded down $2.17 during midday trading on Thursday, hitting $156.64. The stock had a trading volume of 689,549 shares, compared to its average volume of 1,111,976. TKO Group Holdings, Inc. has a 12 month low of $100.76 and a 12 month high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The business's 50-day simple moving average is $155.25 and its 200-day simple moving average is $149.59. The company has a market cap of $26.81 billion, a P/E ratio of -372.95 and a beta of 0.73.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted ($1.26) EPS. The company's quarterly revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

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.