On March 30, 2026, Citizens initiated coverage of TKO Group Holdings (NYSE: TKO) with a *Market Outperform* recommendation. The average one-year price target for TKO is $234.03 per share, indicating a potential upside of 23.70% from its latest closing price of $189.20. Projections also estimate annual revenue at $3.367 billion, a decrease of 28.89%, with non-GAAP EPS at 4.85.
Institutional interest in TKO has diminished, with 699 funds currently reporting positions, down 40.71% from the previous quarter. Total shares owned by institutions decreased by 13.57% to 75.3 million shares. The put/call ratio stands at 2.39, reflecting a bearish outlook on the stock. Notable shareholders include Ninety One UK with 5.006 million shares (6.42% ownership) and Massachusetts Financial Services with 3.186 million shares (4.09% ownership), both having made various adjustments to their holdings over the last quarter.
