Darlington Partners Capital Management LP increased its holdings in TKO Group Holdings, Inc. (NYSE:TKO – Free Report) by 3.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,065,703 shares of the company’s stock after purchasing an additional 90,868 shares during the period. TKO Group comprises about 15.7% of Darlington Partners Capital Management LP’s portfolio, making the stock its largest holding. Darlington Partners Capital Management LP’s holdings in TKO Group were worth $331,065,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Eminence Capital LP raised its stake in TKO Group by 7.4% during the 2nd quarter. Eminence Capital LP now owns 408,278 shares of the company’s stock valued at $44,090,000 after buying an additional 28,011 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of TKO Group in the second quarter worth $232,000. Caxton Associates LP purchased a new stake in TKO Group during the second quarter valued at $2,995,000. Squarepoint Ops LLC lifted its holdings in TKO Group by 5.8% in the second quarter. Squarepoint Ops LLC now owns 235,695 shares of the company’s stock valued at $25,453,000 after acquiring an additional 12,942 shares during the period. Finally, Bank of Montreal Can boosted its position in TKO Group by 2.8% in the second quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock worth $719,000 after purchasing an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.
TKO Group Stock Performance
NYSE TKO opened at $122.26 on Wednesday. The business has a 50-day moving average price of $116.49 and a 200-day moving average price of $106.57. The firm has a market cap of $20.82 billion, a price-to-earnings ratio of -121.05 and a beta of 1.04. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $125.49. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on TKO shares. Roth Mkm upped their price target on shares of TKO Group from $121.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Bank of America initiated coverage on shares of TKO Group in a report on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. The Goldman Sachs Group restated a “buy” rating and issued a $132.00 price objective on shares of TKO Group in a research note on Thursday, September 12th. Finally, Pivotal Research initiated coverage on TKO Group in a research report on Friday, September 13th. They set a “buy” rating and a $170.00 target price on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.47.
Check Out Our Latest Stock Analysis on TKO
Insider Buying and Selling at TKO Group
In other news, insider Mark S. Shapiro sold 31,026 shares of the firm’s 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 completion of the transaction, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Mark S. Shapiro sold 31,026 shares of the company’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 directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nick Khan sold 22,693 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the transaction, the director now directly owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The disclosure for this sale can be found here. 53.80% of the stock is currently owned by insiders.
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.
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