TKO Group Holdings, Inc. (NYSE:TKO) Short Interest Down 24.1% in March

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 6,200,000 shares, a drop of 24.1% from the February 29th total of 8,170,000 shares. Approximately 9.3% of the shares of the stock are short sold. Based on an average daily volume of 1,420,000 shares, the short-interest ratio is presently 4.4 days.

Hedge Funds Weigh In On TKO Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management increased its position in shares of TKO Group by 8.7% during the fourth quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company’s stock worth $152,000 after purchasing an additional 150 shares in the last quarter. Strengthening Families & Communities LLC acquired a new position in shares of TKO Group during the third quarter worth $26,000. Quent Capital LLC acquired a new position in shares of TKO Group during the third quarter worth $27,000. Covestor Ltd acquired a new position in shares of TKO Group during the third quarter worth $27,000. Finally, Fifth Third Bancorp acquired a new position in shares of TKO Group during the third quarter worth $27,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $86.41 on Friday. The firm has a market cap of $14.86 billion, a PE ratio of 127.07 and a beta of 1.06. The firm’s 50 day simple moving average is $84.35 and its 200-day simple moving average is $82.38. TKO Group has a one year low of $72.33 and a one year high of $106.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04.

TKO Group (NYSE:TKOGet Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.59). The business had revenue of $614.00 million for the quarter, compared to analysts’ expectations of $619.48 million. TKO Group had a net margin of 3.02% and a return on equity of 3.11%. As a group, equities analysts predict that TKO Group will post 2.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TKO shares. The Goldman Sachs Group started coverage on TKO Group in a research report on Thursday, March 7th. They set a “buy” rating and a $102.00 price objective for the company. Morgan Stanley started coverage on shares of TKO Group in a report on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price target for the company. Moffett Nathanson started coverage on shares of TKO Group in a report on Monday, January 29th. They issued a “neutral” rating and a $95.00 price target for the company. TD Cowen began coverage on shares of TKO Group in a report on Friday, January 12th. They issued a “market perform” rating and a $92.00 price target for the company. Finally, Northcoast Research began coverage on shares of TKO Group in a research note on Tuesday, February 6th. They issued a “buy” rating and a $105.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and an average target price of $107.46.

Check Out Our Latest Stock Report on TKO

About TKO Group

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for TKO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TKO Group and related companies with MarketBeat.com's FREE daily email newsletter.