Sycale Advisors NY LLC Decreases Position in TKO Group Holdings, Inc. (NYSE:TKO)

Sycale Advisors NY LLC lowered its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 63.3% in the 4th quarter, HoldingsChannel reports. The firm owned 44,029 shares of the company’s stock after selling 76,014 shares during the quarter. TKO Group accounts for 1.6% of Sycale Advisors NY LLC’s portfolio, making the stock its 18th biggest position. Sycale Advisors NY LLC’s holdings in TKO Group were worth $6,257,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Toronto Dominion Bank purchased a new stake in shares of TKO Group during the 4th quarter worth approximately $1,258,000. Steadfast Capital Management LP grew its stake in TKO Group by 146.9% in the 4th quarter. Steadfast Capital Management LP now owns 710,784 shares of the company’s stock valued at $101,010,000 after buying an additional 422,900 shares in the last quarter. Sora Investors LLC grew its stake in TKO Group by 315.5% in the 4th quarter. Sora Investors LLC now owns 83,094 shares of the company’s stock valued at $11,808,000 after buying an additional 63,094 shares in the last quarter. Rafferty Asset Management LLC purchased a new position in TKO Group in the 4th quarter valued at approximately $216,000. Finally, ProShare Advisors LLC grew its stake in TKO Group by 7.5% in the 4th quarter. ProShare Advisors LLC now owns 3,113 shares of the company’s stock valued at $442,000 after buying an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Stock Up 1.2%

Shares of NYSE:TKO opened at $163.33 on Friday. The firm has a fifty day moving average price of $153.10 and a two-hundred day moving average price of $147.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a one year low of $100.76 and a one year high of $179.09. The company has a market cap of $27.96 billion, a price-to-earnings ratio of -388.89 and a beta of 0.73.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm earned ($1.26) EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group’s dividend payout ratio is currently 77.16%.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of recent research reports. Guggenheim lifted their price objective on shares of TKO Group from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Morgan Stanley lifted their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. 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 note on Thursday, February 27th. Finally, The Goldman Sachs Group lifted their price objective on shares of TKO Group from $170.00 to $188.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.25.

Insider Transactions at TKO Group

In related news, Director Sonya E. Medina acquired 233 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of $142.93 per share, with a total value of $33,302.69. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $285,860. The trade was a 13.19% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Kraft acquired 20,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $151.78 per share, with a total value of $3,035,600.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at $3,035,600. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 23,733 shares of company stock valued at $3,561,318. Insiders own 61.30% of the company’s stock.

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.