SG Americas Securities LLC Sells 2,109 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

SG Americas Securities LLC lowered its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 63.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,214 shares of the company’s stock after selling 2,109 shares during the quarter. SG Americas Securities LLC’s holdings in TKO Group were worth $150,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in TKO Group by 1.3% during the first 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 in the last quarter. Ninety One UK Ltd grew 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 worth $439,004,000 after buying an additional 557,444 shares in the last quarter. Darlington Partners Capital Management LP grew its position in TKO Group by 3.1% during the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after buying an additional 90,868 shares in the last quarter. XN LP grew its position in TKO Group by 100.9% during the first quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after buying an additional 996,161 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in TKO Group by 9.5% during the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after buying an additional 155,940 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TKO. The Goldman Sachs Group increased their price target on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen raised their target price on TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a report on Monday, August 12th. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America started coverage on TKO Group in a report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 target price on the stock. Finally, Guggenheim raised their target price on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $132.21.

TKO Group Stock Down 8.7 %

Shares of TKO opened at $115.00 on Friday. The stock has a market capitalization of $19.62 billion, a price-to-earnings ratio of -122.14 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $130.95. The stock has a fifty day moving average of $121.45 and a 200-day moving average of $110.91.

TKO Group (NYSE:TKO) last announced its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.10). The company had revenue of $851.20 million for the quarter, compared to the consensus estimate of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The firm’s revenue for the quarter was up 178.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 earnings per share. As a group, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mark S. Shapiro sold 31,026 shares of the firm’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 transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 53.80% of the stock is owned by corporate insiders.

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.