Blue Trust Inc. Acquires 89 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Blue Trust Inc. raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 52.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259 shares of the company’s stock after acquiring an additional 89 shares during the period. Blue Trust Inc.’s holdings in TKO Group were worth $32,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TKO. XN LP grew its position in TKO Group by 100.9% in the first quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after acquiring an additional 996,161 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in TKO Group by 267.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock valued at $142,640,000 after acquiring an additional 961,880 shares during the last quarter. Ninety One UK Ltd grew its position in TKO Group by 15.9% in the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after acquiring an additional 557,444 shares during the last quarter. Fairview Capital Investment Management LLC bought a new position in TKO Group in the first quarter valued at about $43,999,000. Finally, American Century Companies Inc. grew its position in TKO Group by 1,439.7% in the second quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock valued at $33,197,000 after acquiring an additional 287,440 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of recent research reports. UBS Group lifted their price target on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. lifted their price target on TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Redburn Atlantic initiated coverage on TKO Group in a research note on Thursday, July 18th. They set a “buy” rating and a $129.00 price target on the stock. Roth Mkm lifted their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley lifted their price target on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.43.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 53.80% of the company’s stock.

TKO Group Price Performance

Shares of TKO opened at $119.07 on Friday. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $130.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50 day moving average price is $121.22 and its two-hundred day moving average price is $111.84. The firm has a market cap of $20.32 billion, a PE ratio of -124.03 and a beta of 1.06.

TKO Group (NYSE:TKO) last issued its quarterly earnings results 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). TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The business had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. During the same period last year, the firm posted $0.91 earnings per share. TKO Group’s quarterly revenue was up 178.9% compared to the same quarter last year. On average, equities analysts anticipate that TKO Group Holdings, Inc. will post 4.07 EPS for the current year.

TKO Group Company 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.