Sunbelt Securities Inc. Has $111,000 Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Sunbelt Securities Inc. lowered its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 21.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 894 shares of the company’s stock after selling 249 shares during the quarter. Sunbelt Securities Inc.’s holdings in TKO Group were worth $111,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ninety One UK Ltd grew its stake in TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after buying an additional 557,444 shares during the last quarter. Darlington Partners Capital Management LP boosted its holdings in shares of TKO Group by 3.1% in the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after acquiring an additional 90,868 shares in the last quarter. State Street Corp grew its position in TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after acquiring an additional 192,602 shares during the last quarter. Clearbridge Investments LLC increased its holdings in TKO Group by 9.5% during the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after purchasing an additional 155,940 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after purchasing an additional 383,869 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

Insider Buying and Selling at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell bought 31,352 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value 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 $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 337,447 shares of company stock valued at $48,133,224. Corporate insiders own 53.80% of the company’s stock.

TKO Group Trading Down 1.1 %

NYSE TKO opened at $141.92 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12 month low of $74.25 and a 12 month high of $145.69. The company has a market capitalization of $24.24 billion, a PE ratio of -337.90 and a beta of 1.09. The stock has a 50-day simple moving average of $128.24 and a 200 day simple moving average of $118.35.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue was up 51.7% compared to the same quarter last year. Research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Guggenheim raised their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday. Bank of America started coverage on shares of TKO Group in a research note on Tuesday, August 20th. They set a “buy” rating and a $140.00 price target on the stock. Finally, Pivotal Research boosted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.93.

About TKO Group

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.