Atria Investments Inc Sells 393 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Atria Investments Inc trimmed its position in TKO Group Holdings, Inc. (NYSE:TKO) by 9.0% during the third quarter, HoldingsChannel.com reports. The fund owned 3,986 shares of the company’s stock after selling 393 shares during the quarter. Atria Investments Inc’s holdings in TKO Group were worth $493,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TKO. Vanguard Group Inc. lifted its stake in shares of TKO Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock valued at $524,899,000 after acquiring an additional 79,166 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of TKO Group by 15.9% in the 2nd 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 period. Darlington Partners Capital Management LP increased its holdings in TKO Group by 3.1% in the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after purchasing an additional 90,868 shares in the last quarter. XN LP lifted its position in shares of TKO Group by 100.9% during 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 during the period. Finally, Clearbridge Investments LLC raised its holdings in shares of TKO Group by 9.5% during the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after purchasing an additional 155,940 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The trade was a 42.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 53.80% of the stock is owned by company insiders.

TKO Group Price Performance

TKO stock opened at $132.82 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $22.68 billion, a PE ratio of -316.24 and a beta of 1.06. The business has a 50 day simple moving average of $122.39 and a 200-day simple moving average of $114.12. TKO Group Holdings, Inc. has a 1 year low of $72.33 and a 1 year high of $134.11.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). The company had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. TKO Group’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TKO shares. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Pivotal Research upped their price objective on shares of TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Roth Mkm upped their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. UBS Group boosted their price target on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, The Goldman Sachs Group raised their price target on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

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.