Quantbot Technologies LP Acquires 26,995 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Quantbot Technologies LP raised its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 668.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 31,035 shares of the company's stock after acquiring an additional 26,995 shares during the period. Quantbot Technologies LP's holdings in TKO Group were worth $3,351,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in TKO Group by 20.1% during the fourth quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company's stock worth $489,101,000 after purchasing an additional 1,002,121 shares during the last quarter. XN LP grew its holdings in shares of TKO Group by 100.9% in the 1st quarter. XN LP now owns 1,983,346 shares of the company's stock valued at $171,381,000 after acquiring an additional 996,161 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of TKO Group by 267.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company's stock valued at $142,640,000 after acquiring an additional 961,880 shares during the last quarter. TD Asset Management Inc raised its holdings in TKO Group by 215.3% during the fourth quarter. TD Asset Management Inc now owns 1,189,704 shares of the company's stock worth $97,056,000 after acquiring an additional 812,336 shares in the last quarter. Finally, Ninety One UK Ltd boosted its position in TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company's stock valued at $439,004,000 after purchasing an additional 557,444 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TKO has been the topic of several recent analyst reports. UBS Group boosted their price target on TKO Group from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Pivotal Research assumed coverage on shares of TKO Group in a report on Friday. They set a "buy" rating and a $170.00 target price on the stock. Bank of America began coverage on shares of TKO Group in a research note on Tuesday, August 20th. They issued a "buy" rating and a $140.00 price target for the company. Redburn Atlantic initiated coverage on shares of TKO Group in a research note on Thursday, July 18th. They set a "buy" rating and a $129.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of TKO Group from $126.00 to $132.00 and gave the company an "overweight" rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.13.

Insiders Place Their Bets

In other news, insider Mark S. Shapiro sold 31,026 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the transaction, the insider now directly owns 42,156 shares of the company's stock, valued at approximately $4,837,822.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nick Khan sold 22,693 shares of the business's stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the transaction, the director now owns 220,018 shares of the company's stock, valued at $23,218,499.54. The disclosure for this sale can be found here. Corporate insiders own 53.80% of the company's stock.

TKO Group Stock Performance

Shares of TKO Group stock traded up $3.83 during trading on Tuesday, reaching $121.09. The company's stock had a trading volume of 1,058,434 shares, compared to its average volume of 1,079,923. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $121.18. The firm has a market cap of $20.62 billion, a PE ratio of -119.89 and a beta of 1.04. The business's 50-day moving average price is $113.32 and its 200-day moving average price is $103.60. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business had revenue of $851.20 million for the quarter, compared to analyst estimates of $771.54 million. During the same quarter in the previous year, the company earned $0.91 EPS. The business's revenue for the quarter was up 178.9% on a year-over-year basis. Equities analysts forecast that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current year.

About TKO Group

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.