Signaturefd LLC Acquires 109 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Signaturefd LLC raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 39.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 386 shares of the company’s stock after buying an additional 109 shares during the quarter. Signaturefd LLC’s holdings in TKO Group were worth $48,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TKO. Vanguard Group Inc. boosted its stake in shares of TKO Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock valued at $524,899,000 after purchasing an additional 79,166 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of TKO Group by 15.9% in the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after purchasing an additional 557,444 shares in the last quarter. Darlington Partners Capital Management LP boosted its stake 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 valued at $331,065,000 after purchasing an additional 90,868 shares in the last quarter. XN LP boosted its stake in shares of TKO Group by 100.9% in the 1st quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after purchasing an additional 996,161 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of TKO Group by 9.5% in 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. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $115.86 on Wednesday. The stock has a market capitalization of $19.77 billion, a P/E ratio of -120.69 and a beta of 1.04. TKO Group Holdings, Inc. has a 1-year low of $72.33 and a 1-year high of $130.95. 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 business has a 50-day moving average price of $121.28 and a two-hundred day moving average price of $111.51.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.10). The firm had revenue of $851.20 million for the quarter, compared to the consensus estimate of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business’s revenue for the quarter was up 178.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. Equities analysts predict that TKO Group Holdings, Inc. will post 4.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

TKO has been the topic of several recent analyst reports. Pivotal Research initiated coverage on shares of TKO Group in a research note on Friday, September 13th. They issued a “buy” rating and a $170.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Bank of America started coverage on shares of TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price target on the stock. Finally, Redburn Atlantic started coverage on shares of TKO Group in a research report on Thursday, July 18th. They set a “buy” rating and a $129.00 price target on the stock. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $132.43.

Insider Activity

In other news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 53.80% of the stock is currently owned by company insiders.

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.