TKO Group Holdings, Inc. (NYSE:TKO) Short Interest Update

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 4,770,000 shares, a decrease of 23.1% from the March 15th total of 6,200,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 7.1% of the company's stock are sold short.

TKO Group Stock Performance

Shares of NYSE TKO traded up $0.34 during mid-day trading on Friday, hitting $98.00. The company had a trading volume of 1,509,286 shares, compared to its average volume of 1,502,223. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. TKO Group has a 1 year low of $72.33 and a 1 year high of $106.16. The company has a market capitalization of $16.85 billion, a price-to-earnings ratio of 144.12 and a beta of 1.06. The stock's 50-day moving average price is $86.32 and its 200-day moving average price is $82.20.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.59). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The company had revenue of $614.00 million for the quarter, compared to analysts' expectations of $619.48 million. On average, sell-side analysts forecast that TKO Group will post 2.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TKO shares. Citigroup upped their target price on TKO Group from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 19th. TD Cowen assumed coverage on TKO Group in a research note on Friday, January 12th. They set a "market perform" rating and a $92.00 target price on the stock. Jefferies Financial Group increased their price target on shares of TKO Group from $120.00 to $131.00 and gave the company a "buy" rating in a research report on Friday. Bank of America assumed coverage on shares of TKO Group in a research report on Friday, March 15th. They issued a "buy" rating and a $100.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on shares of TKO Group in a research report on Wednesday, February 14th. They set an "equal weight" rating and a $95.00 target price for the company. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $108.31.

Insider Buying and Selling

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total value of $146,240,759.70. Following the completion of the sale, the insider now owns 9,875,129 shares in the company, valued at $878,985,232.29. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 38.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TKO Group

Several hedge funds have recently bought and sold shares of TKO. Picton Mahoney Asset Management increased its stake in TKO Group by 8.7% in the 4th quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company's stock worth $152,000 after acquiring an additional 150 shares during the last quarter. Strengthening Families & Communities LLC bought a new position in shares of TKO Group in the third quarter worth approximately $26,000. Quent Capital LLC purchased a new stake in TKO Group in the third quarter valued at approximately $27,000. Covestor Ltd purchased a new stake in TKO Group in the third quarter valued at approximately $27,000. Finally, Fifth Third Bancorp bought a new stake in TKO Group during the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 89.79% of the company's stock.

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.