Tidal Investments LLC Purchases 15,732 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Tidal Investments LLC increased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 259.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,803 shares of the company’s stock after purchasing an additional 15,732 shares during the period. Tidal Investments LLC’s holdings in TKO Group were worth $2,697,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Blue Trust Inc. lifted its stake in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of TKO Group in the 2nd quarter worth about $36,000. Signaturefd LLC lifted its position in TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares in the last quarter. Finally, Quarry LP acquired a new position in TKO Group during the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Patrick Whitesell bought 31,352 shares of the stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the purchase, the insider now owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. The trade was a 1.91 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ariel Emanuel purchased 60,208 shares of TKO Group stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the transaction, the chief executive officer now owns 1,734,530 shares in the company, valued at $249,303,996.90. The trade was a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 337,447 shares of company stock valued at $48,133,224 over the last quarter. 53.80% of the stock is owned by corporate insiders.

TKO Group Stock Down 1.1 %

Shares of NYSE:TKO opened at $141.92 on Monday. The firm has a market capitalization of $24.24 billion, a PE ratio of -337.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a 52-week low of $74.25 and a 52-week high of $145.69. The firm has a fifty day moving average of $128.24 and a 200 day moving average of $118.42.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TKO shares. Pivotal Research increased their price objective on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Roth Mkm increased their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. TD Cowen lifted their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Guggenheim upped their target price on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.93.

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.