Simon Quick Advisors LLC Sells 2,146 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Simon Quick Advisors LLC trimmed its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 22.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,476 shares of the company’s stock after selling 2,146 shares during the quarter. Simon Quick Advisors LLC’s holdings in TKO Group were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in shares of TKO Group by 13.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 113,869 shares of the company’s stock worth $12,297,000 after purchasing an additional 13,486 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of TKO Group by 26.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 448,205 shares of the company’s stock worth $48,402,000 after purchasing an additional 94,944 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of TKO Group by 10.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,021 shares of the company’s stock worth $758,000 after purchasing an additional 689 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of TKO Group by 32.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,263 shares of the company’s stock worth $784,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in TKO Group by 2.8% in the 2nd quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock worth $719,000 after buying an additional 184 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Insider Activity at TKO Group

In related news, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Patrick Whitesell purchased 31,352 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $142.03 per share, for a total transaction of $4,452,924.56. Following the completion of the acquisition, the insider now directly owns 1,674,322 shares of the company’s stock, valued at approximately $237,803,953.66. The trade was a 1.91 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 600,647 shares of company stock valued at $86,815,728 and have sold 65,624 shares valued at $9,314,671. 53.80% of the stock is currently owned by corporate insiders.

TKO Group Price Performance

Shares of NYSE:TKO opened at $144.45 on Wednesday. The firm’s 50 day simple moving average is $139.49 and its 200-day simple moving average is $125.15. TKO Group Holdings, Inc. has a one year low of $77.40 and a one year high of $149.40. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TKO shares. Guggenheim increased their price target on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Roth Mkm increased their price target on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Pivotal Research increased their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. 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 note on Wednesday, October 2nd. Finally, UBS Group increased their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.29.

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.