TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Moore Capital Management LP

Moore Capital Management LP boosted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 1,625.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 418,286 shares of the company’s stock after buying an additional 394,038 shares during the quarter. TKO Group accounts for approximately 0.7% of Moore Capital Management LP’s investment portfolio, making the stock its 17th largest position. Moore Capital Management LP owned approximately 0.24% of TKO Group worth $59,443,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in TKO Group by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock valued at $66,691,000 after purchasing an additional 16,536 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TKO Group by 21.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company’s stock worth $2,836,000 after purchasing an additional 3,572 shares during the last quarter. Twin Tree Management LP raised its holdings in TKO Group by 147.0% during the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company’s stock valued at $17,581,000 after buying an additional 73,617 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of TKO Group by 59.2% in the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after acquiring an additional 4,836 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of TKO Group during the 4th quarter worth about $431,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Activity

In related news, CEO Ariel Emanuel acquired 117,769 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the transaction, the chief executive officer now directly owns 2,579,437 shares of the company’s stock, valued at $452,433,249.80. This trade represents a 4.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sonya E. Medina acquired 233 shares of TKO Group stock in a transaction on Monday, March 17th. The stock was purchased at an average cost of $142.93 per share, with a total value of $33,302.69. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $285,860. This trade represents a 13.19% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 297,948 shares of company stock valued at $51,689,918 in the last ninety days. 61.30% of the stock is owned by company insiders.

TKO Group Trading Down 5.4%

TKO opened at $159.77 on Monday. The company’s 50 day moving average is $151.47 and its 200-day moving average is $146.14. The company has a market cap of $27.35 billion, a P/E ratio of -380.40 and a beta of 0.73. TKO Group Holdings, Inc. has a 1-year low of $98.99 and a 1-year high of $179.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned ($1.26) earnings per share. Equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, March 14th. TKO Group’s dividend payout ratio is presently 77.16%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Susquehanna began coverage on TKO Group in a research note on Monday, April 28th. They issued a “positive” rating and a $180.00 target price for the company. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Guggenheim raised their price target on shares of TKO Group from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday. Finally, Pivotal Research reissued a “buy” rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and an average price target of $162.33.

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.