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

Kettle Hill Capital Management LLC reduced its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 53.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 67,992 shares of the company’s stock after selling 79,474 shares during the quarter. TKO Group comprises approximately 2.1% of Kettle Hill Capital Management LLC’s portfolio, making the stock its 21st largest holding. Kettle Hill Capital Management LLC’s holdings in TKO Group were worth $9,662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ensign Peak Advisors Inc increased its stake in shares of 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 acquiring an additional 3,160 shares during the last quarter. Ethic Inc. grew its stake in TKO Group by 148.4% in the fourth quarter. Ethic Inc. now owns 7,624 shares of the company’s stock valued at $1,083,000 after purchasing an additional 4,555 shares in the last quarter. Fairview Capital Investment Management LLC increased its position in TKO Group by 0.7% in the 4th quarter. Fairview Capital Investment Management LLC now owns 513,008 shares of the company’s stock worth $72,904,000 after purchasing an additional 3,374 shares during the last quarter. Deutsche Bank AG raised its stake 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 worth $14,529,000 after purchasing an additional 95,537 shares in the last quarter. Finally, DigitalBridge Group Inc. lifted its holdings in shares of TKO Group by 26.5% during the 4th quarter. DigitalBridge Group Inc. now owns 295,710 shares of the company’s stock valued at $42,023,000 after buying an additional 61,897 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell acquired 156,446 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was bought at an average cost of $175.60 per share, with a total value of $27,471,917.60. Following the completion of the acquisition, the insider now owns 2,461,668 shares in the company, valued at $432,268,900.80. The trade was a 6.79 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ariel Emanuel bought 116,256 shares of TKO Group stock in a transaction dated Monday, February 10th. The stock was purchased at an average price of $172.03 per share, for a total transaction 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. This represents a 5.31 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 414,204 shares of company stock worth $71,689,438 in the last 90 days. 53.80% of the stock is owned by company insiders.

TKO Group Stock Performance

Shares of NYSE TKO opened at $159.77 on Friday. The firm 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 one year low of $98.99 and a one year high of $179.09. The business has a fifty day simple moving average of $151.47 and a 200 day simple moving average of $145.92. 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) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.07 billion. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.26) EPS. Sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 presently 7,600.00%.

Wall Street Analyst Weigh In

TKO has been the subject of several analyst reports. Susquehanna assumed coverage on shares of TKO Group in a research note on Monday, April 28th. They issued a “positive” rating and a $180.00 price objective for the company. 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 price objective on TKO Group from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley upped their target price on 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, Benchmark restated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.