Amalgamated Bank Trims Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Amalgamated Bank decreased its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,008 shares of the company’s stock after selling 2,445 shares during the quarter. Amalgamated Bank’s holdings in TKO Group were worth $3,349,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC purchased a new stake in TKO Group in the second quarter worth about $36,000. GAMMA Investing LLC lifted its holdings in TKO Group by 388.6% during the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after purchasing an additional 408 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of TKO Group in the fourth quarter worth approximately $79,000. Sunbelt Securities Inc. boosted its position in shares of TKO Group by 1,384.4% in the first quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock worth $99,000 after purchasing an additional 1,066 shares during the period. Finally, TFO Wealth Partners LLC purchased a new stake in shares of TKO Group in the fourth quarter worth $124,000. 89.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction 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 sale, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other TKO Group news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the transaction, the director now owns 220,018 shares in the company, valued at $23,218,499.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark S. Shapiro sold 31,026 shares of the company’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 transaction, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. The disclosure for this sale can be found here. Company insiders own 53.80% of the company’s stock.

TKO Group Stock Up 0.0 %

Shares of NYSE:TKO opened at $121.97 on Tuesday. The company has a market cap of $20.77 billion, a price-to-earnings ratio of -120.76 and a beta of 1.04. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $125.49. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $114.39 and a 200 day moving average price of $104.79.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.10). The company had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. TKO Group’s revenue for the quarter was up 178.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. As a group, equities research analysts predict that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $132.00 target price on shares of TKO Group in a report on Thursday, September 12th. UBS Group upped their price objective on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Bank of America assumed coverage on TKO Group in a research note on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price on the stock. Roth Mkm upped their price target on TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Pivotal Research assumed coverage on shares of TKO Group in a research report on Friday, September 13th. They set a “buy” rating and a $170.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $127.13.

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.