Squarepoint Ops LLC Raises Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Squarepoint Ops LLC lifted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 5.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 235,695 shares of the company’s stock after buying an additional 12,942 shares during the quarter. Squarepoint Ops LLC’s holdings in TKO Group were worth $25,453,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TKO. Vanguard Group Inc. boosted its stake in TKO Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock worth $524,899,000 after buying an additional 79,166 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 15.9% during the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after acquiring an additional 557,444 shares during the period. XN LP boosted its position in shares of TKO Group by 100.9% in the first quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after acquiring an additional 996,161 shares during the last quarter. Clearbridge Investments LLC grew its holdings in TKO Group by 17.8% in the first quarter. Clearbridge Investments LLC now owns 1,644,844 shares of the company’s stock valued at $142,131,000 after purchasing an additional 247,987 shares during the period. Finally, TD Asset Management Inc increased its position in TKO Group by 23.8% during the first quarter. TD Asset Management Inc now owns 1,473,435 shares of the company’s stock worth $127,320,000 after purchasing an additional 283,731 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

TKO has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 9th. Redburn Atlantic started coverage on TKO Group in a report on Thursday, July 18th. They issued a “buy” rating and a $129.00 target price on the stock. Bank of America started coverage on TKO Group in a research note on Tuesday, August 20th. They set a “buy” rating and a $140.00 price target for the company. Pivotal Research started coverage on TKO Group in a research note on Friday, September 13th. They issued a “buy” rating and a $170.00 price objective on the stock. Finally, TD Cowen boosted their target price on TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.13.

TKO Group Stock Performance

Shares of TKO stock opened at $123.72 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The company’s fifty day moving average price is $115.38 and its two-hundred day moving average price is $105.32. The firm has a market capitalization of $21.11 billion, a P/E ratio of -122.50 and a beta of 1.04. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $125.49.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $771.54 million. During the same quarter last year, the firm posted $0.91 EPS. The company’s revenue was up 178.9% compared to the same quarter last year. On average, research analysts anticipate that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current fiscal year.

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.