Kettle Hill Capital Management LLC Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

Kettle Hill Capital Management LLC purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 218,659 shares of the company's stock, valued at approximately $17,838,000. TKO Group makes up approximately 4.7% of Kettle Hill Capital Management LLC's portfolio, making the stock its 5th largest position. Kettle Hill Capital Management LLC owned 0.13% of TKO Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Picton Mahoney Asset Management boosted its holdings in TKO Group by 8.7% in the fourth quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company's stock worth $152,000 after purchasing an additional 150 shares in the last quarter. Strengthening Families & Communities LLC bought a new stake in TKO Group in the third quarter worth $26,000. Quent Capital LLC bought a new stake in TKO Group in the third quarter worth $27,000. Covestor Ltd acquired a new position in TKO Group during the 3rd quarter worth $27,000. Finally, Fifth Third Bancorp acquired a new position in TKO Group during the 3rd quarter worth $27,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Price Performance

NYSE:TKO traded down $0.20 during mid-day trading on Tuesday, hitting $97.40. The company's stock had a trading volume of 808,130 shares, compared to its average volume of 1,463,326. TKO Group Holdings, Inc. has a fifty-two week low of $72.33 and a fifty-two week high of $106.16. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $16.75 billion, a price-to-earnings ratio of 143.23 and a beta of 1.06. The stock has a fifty day moving average of $86.76 and a 200-day moving average of $82.41.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.59). TKO Group had a return on equity of 3.11% and a net margin of 3.02%. The business had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. As a group, equities analysts forecast that TKO Group Holdings, Inc. will post 2.39 EPS for the current fiscal year.

Analyst Ratings Changes

TKO has been the subject of a number of research analyst reports. Northcoast Research initiated coverage on shares of TKO Group in a research report on Tuesday, February 6th. They set a "buy" rating and a $105.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of TKO Group in a research report on Thursday, March 7th. They set a "buy" rating and a $102.00 target price for the company. TD Cowen initiated coverage on shares of TKO Group in a research report on Friday, January 12th. They set a "market perform" rating and a $92.00 target price for the company. Moffett Nathanson began coverage on shares of TKO Group in a research report on Monday, January 29th. They set a "neutral" rating and a $95.00 target price for the company. Finally, Citigroup upped their price objective on shares of TKO Group from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, March 19th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $108.31.

Insider Buying and Selling

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the sale, the insider now directly owns 9,875,129 shares of the company's stock, valued at $878,985,232.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 38.90% of the company's stock.

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.

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