Moore Capital Management LP Raises Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Moore Capital Management LP boosted its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 1,625.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 418,286 shares of the company's stock after purchasing an additional 394,038 shares during the quarter. TKO Group makes up approximately 0.7% of Moore Capital Management LP's investment portfolio, making the stock its 17th largest holding. Moore Capital Management LP owned about 0.24% of TKO Group worth $59,443,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC grew its position in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after buying an additional 151 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in TKO Group in the fourth quarter worth $32,000. Game Plan Financial Advisors LLC grew its holdings in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after purchasing an additional 155 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of TKO Group during the fourth quarter worth $38,000. Finally, UMB Bank n.a. boosted its stake in TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after purchasing an additional 115 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Trading Down 1.6%

NYSE:TKO traded down $2.64 during trading hours on Wednesday, hitting $161.84. The company had a trading volume of 798,584 shares, compared to its average volume of 1,108,216. TKO Group Holdings, Inc. has a 1 year low of $100.76 and a 1 year high of $179.09. The company has a market cap of $27.70 billion, a P/E ratio of -385.33 and a beta of 0.73. The company has a 50-day moving average of $152.34 and a 200 day moving average of $146.68. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted ($1.26) EPS. Sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's payout ratio is 77.16%.

Insider Activity at TKO Group

In other TKO Group news, Director Jonathan Kraft bought 20,000 shares of TKO Group stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $151.78 per share, for a total transaction of $3,035,600.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $3,035,600. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sonya E. Medina bought 233 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the acquisition, the director now owns 2,000 shares of the company's stock, valued at $285,860. This trade represents a 13.19% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 23,733 shares of company stock worth $3,561,318. Company insiders own 61.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TKO. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Guggenheim raised their target price on TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Benchmark reiterated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. The Goldman Sachs Group upped their price objective on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Susquehanna began coverage on shares of TKO Group in a report on Monday, April 28th. They set a "positive" rating and a $180.00 target price for the company. 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 stock. According to MarketBeat.com, TKO Group has an average rating of "Moderate Buy" and a consensus target price of $164.25.

TKO Group Company 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.