Short Interest in TKO Group Holdings, Inc. (NYSE:TKO) Increases By 20.2%

TKO Group Holdings, Inc. (NYSE:TKO) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 4,110,000 shares, an increase of 20.2% from the July 31st total of 3,420,000 shares. Currently, 5.8% of the company’s stock are sold short. Based on an average trading volume of 828,500 shares, the short-interest ratio is currently 5.0 days.

Insiders Place Their Bets

In other news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value 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 approximately $23,218,499.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 53.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in TKO Group during the 4th quarter worth $27,000. MFA Wealth Advisors LLC acquired a new stake in TKO Group in the second quarter valued at $36,000. Quarry LP purchased a new stake in shares of TKO Group during the 2nd quarter worth $51,000. GAMMA Investing LLC grew its stake in shares of TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after purchasing an additional 408 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of TKO Group by 34.0% in the 1st quarter. Fifth Third Bancorp now owns 544 shares of the company’s stock valued at $47,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TKO shares. UBS Group increased their price target on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Redburn Atlantic assumed coverage on shares of TKO Group in a research note on Thursday, July 18th. They set a “buy” rating and a $129.00 price target on the stock. Morgan Stanley lifted their target price on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised their price target on shares of TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, Bank of America assumed coverage on shares of TKO Group in a research note on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.93.

TKO Group Trading Up 1.3 %

Shares of TKO Group stock traded up $1.51 during trading hours on Friday, hitting $118.23. The company’s stock had a trading volume of 510,178 shares, compared to its average volume of 849,077. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day moving average of $111.67 and a 200-day moving average of $100.86. TKO Group has a twelve month low of $72.33 and a twelve month high of $120.70.

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

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.