DigitalBridge Group Inc. Sells 98,968 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

DigitalBridge Group Inc. decreased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 31.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,962 shares of the company’s stock after selling 98,968 shares during the quarter. TKO Group makes up approximately 2.0% of DigitalBridge Group Inc.’s portfolio, making the stock its 13th biggest position. DigitalBridge Group Inc. owned 0.13% of TKO Group worth $22,998,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TKO. MFA Wealth Advisors LLC bought a new stake in TKO Group in the 2nd quarter valued at about $36,000. GAMMA Investing LLC increased its holdings in 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 in the last quarter. Scarborough Advisors LLC bought a new stake in TKO Group during the 4th quarter worth approximately $79,000. Sunbelt Securities Inc. increased its holdings in TKO Group by 1,384.4% during the 1st quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock worth $99,000 after purchasing an additional 1,066 shares in the last quarter. Finally, TFO Wealth Partners LLC bought a new stake in TKO Group during the 4th quarter worth approximately $124,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TKO shares. JPMorgan Chase & Co. boosted their target price on TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. TD Cowen upped their price objective on TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Pivotal Research assumed coverage on TKO Group in a research note on Friday, September 13th. They issued a “buy” rating and a $170.00 price objective on the stock. UBS Group upped their price target on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Roth Mkm increased their target price on TKO Group from $121.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus target price of $127.13.

TKO Group Trading Down 0.6 %

TKO opened at $121.11 on Thursday. TKO Group Holdings, Inc. has a fifty-two week low of $72.33 and a fifty-two week high of $125.49. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $115.02 and a two-hundred day moving average of $105.19.

TKO Group (NYSE:TKO) last posted its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.10). The firm had revenue of $851.20 million during the quarter, compared to analyst estimates 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 for the quarter was up 178.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. As a group, analysts forecast that TKO Group Holdings, Inc. will post 4.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the sale, the director now directly owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were 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 owns 220,018 shares in the company, valued at approximately $23,218,499.54. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The disclosure for this sale can be found here. 53.80% of the stock is owned by insiders.

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.