Gotham Asset Management LLC Reduces Position in TKO Group Holdings, Inc. (NYSE:TKO)

Gotham Asset Management LLC trimmed its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 52.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,729 shares of the company's stock after selling 20,962 shares during the quarter. Gotham Asset Management LLC's holdings in TKO Group were worth $2,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new stake in TKO Group during the fourth quarter worth approximately $3,383,000. Park Avenue Securities LLC grew its stake in TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company's stock worth $1,848,000 after purchasing an additional 4,836 shares during the period. Sax Wealth Advisors LLC acquired a new stake in TKO Group during the fourth quarter worth approximately $443,000. Brooklyn Investment Group grew its stake in TKO Group by 213.0% during the fourth quarter. Brooklyn Investment Group now owns 360 shares of the company's stock worth $51,000 after purchasing an additional 245 shares during the period. Finally, O Keefe Stevens Advisory Inc. acquired a new stake in TKO Group during the fourth quarter worth approximately $220,000. 89.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on TKO shares. Pivotal Research reaffirmed a "buy" rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Morgan Stanley raised their price objective on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Susquehanna assumed coverage on TKO Group in a research note on Monday, April 28th. They issued a "positive" rating and a $180.00 price objective for the company. Benchmark reissued a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, Guggenheim raised their price objective on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $164.25.

TKO Group Stock Performance

TKO Group stock traded up $0.48 during mid-day trading on Monday, reaching $163.96. 732,342 shares of the company's stock were exchanged, compared to its average volume of 1,108,511. The firm has a market capitalization of $28.07 billion, a PE ratio of -390.38 and a beta of 0.73. The business's fifty day simple moving average is $153.10 and its 200 day simple moving average is $147.75. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a one year low of $100.76 and a one year 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 (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.14. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business's revenue 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, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The company also recently announced 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 was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 0.93%. TKO Group's payout ratio is presently 77.16%.

Insider Buying and Selling at TKO Group

In other news, Director Sonya E. Medina bought 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Kraft bought 20,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was purchased 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 of the company's stock, valued at $3,035,600. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 23,733 shares of company stock worth $3,561,318 over the last ninety days. 61.30% of the stock is currently owned by company insiders.

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.