Quantbot Technologies LP Sells 18,509 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Quantbot Technologies LP trimmed its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 59.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,526 shares of the company's stock after selling 18,509 shares during the period. Quantbot Technologies LP's holdings in TKO Group were worth $1,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. grew its position in shares of TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock valued at $32,000 after purchasing an additional 89 shares in the last quarter. Quent Capital LLC boosted its stake in TKO Group by 17.4% during the third quarter. Quent Capital LLC now owns 680 shares of the company's stock valued at $84,000 after buying an additional 101 shares during the last quarter. Signaturefd LLC grew its holdings in TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company's stock valued at $48,000 after buying an additional 109 shares in the last quarter. Moran Wealth Management LLC increased its stake in TKO Group by 0.7% in the 3rd quarter. Moran Wealth Management LLC now owns 19,112 shares of the company's stock worth $2,364,000 after acquiring an additional 135 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of TKO Group by 3.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,971 shares of the company's stock worth $491,000 after acquiring an additional 139 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TKO has been the subject of a number of recent research reports. Guggenheim raised their target price on shares of TKO Group from $135.00 to $140.00 and gave the company a "buy" rating in a report on Monday, September 30th. Pivotal Research boosted their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a "buy" rating in a report on Tuesday. Benchmark downgraded shares of TKO Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Bank of America began coverage on TKO Group in a research note on Tuesday, August 20th. They set a "buy" rating and a $140.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on TKO Group from $115.00 to $118.00 and gave the company an "equal weight" rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, TKO Group has an average rating of "Moderate Buy" and an average target price of $132.43.

Insider Activity at TKO Group

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 transaction of $3,560,543.76. Following the transaction, the insider now owns 42,156 shares of the company's stock, valued at approximately $4,837,822.56. This trade represents a 42.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 53.80% of the stock is owned by company insiders.

TKO Group Trading Down 0.2 %

TKO Group stock traded down $0.25 during mid-day trading on Friday, hitting $137.96. The company's stock had a trading volume of 311,708 shares, compared to its average volume of 968,544. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50 day moving average of $124.86 and a 200-day moving average of $115.88. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $139.45. The stock has a market cap of $23.56 billion, a PE ratio of -328.48 and a beta of 1.06.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company's revenue for the quarter was up 51.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

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.