TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP boosted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 306.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,774 shares of the company's stock after buying an additional 8,879 shares during the period. Qsemble Capital Management LP's holdings in TKO Group were worth $961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in TKO Group in the 3rd quarter valued at $1,649,000. abrdn plc acquired a new stake in shares of TKO Group during the third quarter worth about $12,921,000. Victory Capital Management Inc. purchased a new position in shares of TKO Group during the third quarter worth about $10,602,000. Clearbridge Investments LLC purchased a new position in shares of TKO Group during the third quarter worth about $118,378,000. Finally, Rhumbline Advisers acquired a new position in TKO Group in the 3rd quarter valued at about $13,324,000. Hedge funds and other institutional investors own 89.79% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total value of $146,240,759.70. Following the sale, the insider now owns 9,875,129 shares of the company's stock, valued at approximately $878,985,232.29. The transaction was disclosed in a filing with the SEC, which is available through this link. 53.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TKO has been the topic of several analyst reports. Roth Mkm lifted their target price on TKO Group from $112.00 to $121.00 and gave the company a "buy" rating in a research note on Thursday. Citigroup boosted their price objective on shares of TKO Group from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. The Goldman Sachs Group began coverage on shares of TKO Group in a research note on Thursday, March 7th. They issued a "buy" rating and a $102.00 target price for the company. Morgan Stanley started coverage on shares of TKO Group in a research note on Wednesday, February 14th. They set an "equal weight" rating and a $95.00 price target on the stock. Finally, 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 for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $109.00.

TKO Group Price Performance

Shares of TKO traded up $1.80 on Friday, reaching $100.00. The stock had a trading volume of 1,213,207 shares, compared to its average volume of 870,316. The firm has a 50-day moving average of $90.75 and a 200 day moving average of $84.47. The firm has a market capitalization of $17.19 billion, a PE ratio of -99.01 and a beta of 1.03. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $106.16. The company has a quick ratio of 1.04, a current ratio of 0.99 and a debt-to-equity ratio of 0.34.

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 the consensus estimate of $0.50 by ($0.59). TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%. The firm had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. Sell-side analysts expect that TKO Group Holdings, Inc. will post 3.41 EPS for the current 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.