TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,906 shares of the company's stock after selling 2,572 shares during the period. Rhumbline Advisers owned 0.12% of TKO Group worth $27,982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TKO. CWM LLC lifted its position in TKO Group by 92.3% in the third quarter. CWM LLC now owns 646 shares of the company's stock valued at $80,000 after acquiring an additional 310 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in TKO Group by 2.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,351 shares of the company's stock valued at $1,157,000 after acquiring an additional 250 shares during the last quarter. Blue Trust Inc. lifted its position in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock valued at $32,000 after acquiring an additional 89 shares during the last quarter. Raymond James & Associates lifted its position in TKO Group by 13.5% in the third quarter. Raymond James & Associates now owns 24,421 shares of the company's stock valued at $3,021,000 after acquiring an additional 2,904 shares during the last quarter. Finally, Signaturefd LLC lifted its position in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company's stock valued at $48,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Stock Performance

NYSE TKO traded down $5.54 during trading hours on Friday, hitting $158.27. 590,286 shares of the stock were exchanged, compared to its average volume of 1,059,140. The company has a market cap of $27.03 billion, a price-to-earnings ratio of -376.54 and a beta of 1.06. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $179.09. The stock has a 50-day moving average of $151.86 and a 200 day moving average of $133.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Insider Buying and Selling

In related news, CEO Ariel Emanuel bought 117,769 shares of the stock in a transaction on Wednesday, February 12th. The shares were bought at an average cost of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the transaction, the chief executive officer now owns 2,579,437 shares of the company's stock, valued at $452,433,249.80. This represents a 4.78 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Whitesell bought 31,352 shares of the stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the completion of the transaction, the insider now directly owns 1,674,322 shares of the company's stock, valued at $237,803,953.66. This trade represents a 1.91 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Benchmark cut shares of TKO Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. UBS Group boosted their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Citigroup upped their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. upped their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Finally, Seaport Res Ptn cut shares of TKO Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.08.

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.