Darlington Partners Capital Management LP Increases Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Darlington Partners Capital Management LP increased its holdings in TKO Group Holdings, Inc. (NYSE:TKO) 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.

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

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.

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.