Bardin Hill Management Partners LP Sells 17,502 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Bardin Hill Management Partners LP lowered its stake in shares of TKO Group Holdings, Inc. (NYSE:TKOFree Report) by 29.0% during the fourth quarter, Holdings Channel reports. The fund owned 42,874 shares of the company’s stock after selling 17,502 shares during the period. TKO Group makes up approximately 1.5% of Bardin Hill Management Partners LP’s holdings, making the stock its 20th biggest holding. Bardin Hill Management Partners LP’s holdings in TKO Group were worth $3,498,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management grew its holdings in TKO Group by 8.7% during the 4th quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company’s stock worth $152,000 after acquiring an additional 150 shares during the last quarter. Covestor Ltd bought a new stake in TKO Group during the 3rd quarter worth about $27,000. International Assets Investment Management LLC bought a new stake in TKO Group during the 4th quarter worth about $27,000. Commerce Bank grew its holdings in TKO Group by 5.0% during the 4th quarter. Commerce Bank now owns 6,973 shares of the company’s stock worth $569,000 after acquiring an additional 332 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in TKO Group by 113.7% during the 4th quarter. Quent Capital LLC now owns 673 shares of the company’s stock worth $55,000 after acquiring an additional 358 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TKO shares. Morgan Stanley started coverage on shares of TKO Group in a research report on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price objective on the stock. Bank of America started coverage on shares of TKO Group in a research report on Friday, March 15th. They issued a “buy” rating and a $100.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $103.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Jefferies Financial Group boosted their target price on shares of TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Citigroup boosted their target price on shares of TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.46.

View Our Latest Report on TKO Group

TKO Group Price Performance

TKO traded down $0.53 on Friday, hitting $107.77. 503,359 shares of the stock were exchanged, compared to its average volume of 782,996. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $111.07. The business has a 50-day moving average of $100.21 and a two-hundred day moving average of $87.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $18.35 billion, a price-to-earnings ratio of -106.70 and a beta of 1.02.

TKO Group (NYSE:TKOGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $0.51 by $1.63. TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%. The business had revenue of $629.70 million during the quarter, compared to analysts’ expectations of $609.28 million. Sell-side analysts forecast that TKO Group Holdings, Inc. will post 4.19 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total value of $146,240,759.70. Following the completion of the transaction, the insider now owns 9,875,129 shares of the company’s stock, valued at $878,985,232.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 53.80% of the stock is currently owned by company insiders.

About TKO Group

(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.

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Institutional Ownership by Quarter for TKO Group (NYSE:TKO)

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