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

Simon Quick Advisors LLC trimmed its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TKO. Blue Trust Inc. boosted its stake in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of TKO Group by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after acquiring an additional 97 shares during the period. Quent Capital LLC boosted its stake in shares of TKO Group by 17.4% during the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after acquiring an additional 101 shares during the period. Signaturefd LLC boosted its stake in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after acquiring an additional 115 shares during the period. 89.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Citigroup lifted their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Guggenheim lifted their price target on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Roth Mkm lifted their price target on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group lifted their price objective on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average target price of $139.29.

Insider Activity

In other news, major shareholder Patrick Whitesell bought 263,200 shares of TKO Group stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the acquisition, the insider now owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Nick Khan sold 27,505 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $3,904,059.70. Following the transaction, the director now owns 169,004 shares in the company, valued at $23,988,427.76. This trade represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 600,647 shares of company stock valued at $86,815,728 and sold 65,624 shares valued at $9,314,671. 53.80% of the stock is currently owned by corporate insiders.

TKO Group Trading Up 1.6 %

NYSE:TKO opened at $144.45 on Wednesday. TKO Group Holdings, Inc. has a 52-week low of $77.40 and a 52-week high of $149.40. The stock has a fifty day moving average of $139.49 and a 200 day moving average of $125.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group (NYSE:TKO) last issued its quarterly earnings results 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). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same period last year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 51.7% on a year-over-year basis. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS 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.