TKO Group Holdings, Inc. (NYSE:TKO) Stock Holdings Trimmed by Kettle Hill Capital Management LLC

Kettle Hill Capital Management LLC lessened its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 53.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,992 shares of the company's stock after selling 79,474 shares during the period. TKO Group comprises 2.1% of Kettle Hill Capital Management LLC's portfolio, making the stock its 21st largest position. Kettle Hill Capital Management LLC's holdings in TKO Group were worth $9,662,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Ensign Peak Advisors Inc boosted its holdings in TKO Group by 13.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 26,710 shares of the company's stock worth $3,796,000 after purchasing an additional 3,160 shares during the period. Ethic Inc. boosted its holdings in shares of TKO Group by 148.4% in the 4th quarter. Ethic Inc. now owns 7,624 shares of the company's stock valued at $1,083,000 after buying an additional 4,555 shares during the period. Fairview Capital Investment Management LLC grew its position in shares of TKO Group by 0.7% during the 4th quarter. Fairview Capital Investment Management LLC now owns 513,008 shares of the company's stock valued at $72,904,000 after buying an additional 3,374 shares during the last quarter. Deutsche Bank AG grew its position in shares of TKO Group by 1,425.9% during the 4th quarter. Deutsche Bank AG now owns 102,237 shares of the company's stock valued at $14,529,000 after buying an additional 95,537 shares during the last quarter. Finally, DigitalBridge Group Inc. raised its stake in TKO Group by 26.5% during the fourth quarter. DigitalBridge Group Inc. now owns 295,710 shares of the company's stock worth $42,023,000 after acquiring an additional 61,897 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Buying and Selling

In related news, CEO Ariel Emanuel acquired 116,256 shares of TKO Group stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $172.03 per share, with a total value of $19,999,519.68. Following the purchase, the chief executive officer now directly owns 2,305,222 shares in the company, valued at $396,567,340.66. The trade was a 5.31 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Whitesell bought 156,446 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were bought at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of the transaction, the insider now directly owns 2,461,668 shares of the company's stock, valued at $432,268,900.80. This trade represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 414,204 shares of company stock worth $71,689,438. Corporate insiders own 53.80% of the company's stock.

TKO Group Stock Performance

TKO opened at $159.77 on Friday. The business has a 50 day moving average price of $151.47 and a two-hundred day moving average price of $145.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $27.35 billion, a price-to-earnings ratio of -380.40 and a beta of 0.73. TKO Group Holdings, Inc. has a 1-year low of $98.99 and a 1-year high of $179.09.

TKO Group (NYSE:TKO - Get Free Report) last announced 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. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the business posted ($1.26) earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. Research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.95%. TKO Group's payout ratio is currently 7,600.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Guggenheim upped their target price on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. The Goldman Sachs Group raised their target price on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Morgan Stanley upped their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Finally, Pivotal Research reiterated a "buy" rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $162.33.

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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