Teton Advisors Inc. Reduces Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Teton Advisors Inc. lowered its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,500 shares of the company’s stock after selling 1,300 shares during the period. Teton Advisors Inc.’s holdings in TKO Group were worth $1,183,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TKO. Strengthening Families & Communities LLC purchased a new position in shares of TKO Group during the third quarter valued at approximately $26,000. Fifth Third Bancorp bought a new stake in shares of TKO Group during the third quarter valued at approximately $27,000. Covestor Ltd bought a new stake in shares of TKO Group during the third quarter valued at approximately $27,000. International Assets Investment Management LLC bought a new stake in shares of TKO Group during the fourth quarter valued at approximately $27,000. Finally, Baker Avenue Asset Management LP bought a new stake in shares of TKO Group during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insiders Place Their Bets

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the sale, the insider now directly owns 9,875,129 shares of the company’s stock, valued at approximately $878,985,232.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 38.90% of the stock is owned by insiders.

TKO Group Stock Performance

Shares of NYSE TKO traded down $0.38 during mid-day trading on Thursday, hitting $95.33. The stock had a trading volume of 590,553 shares, compared to its average volume of 1,352,532. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50 day moving average of $88.83 and a two-hundred day moving average of $83.48. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $106.16. The firm has a market cap of $16.39 billion, a PE ratio of 141.59 and a beta of 1.03.

TKO Group (NYSE:TKO) last released its earnings results 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 firm had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. TKO Group had a net margin of 3.02% and a return on equity of 3.11%. Research analysts predict that TKO Group Holdings, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TKO. Northcoast Research began coverage on TKO Group in a report on Tuesday, February 6th. They set a “buy” rating and a $105.00 target price for the company. Jefferies Financial Group upped their target price on TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, April 12th. TD Cowen initiated coverage on TKO Group in a report on Friday, January 12th. They set a “market perform” rating and a $92.00 price objective for the company. The Goldman Sachs Group initiated coverage on TKO Group in a report on Thursday, March 7th. They set a “buy” rating and a $102.00 price objective for the company. Finally, Moffett Nathanson initiated coverage on TKO Group in a report on Monday, January 29th. They set a “neutral” rating and a $95.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.31.

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.