Assenagon Asset Management S.A. Purchases Shares of 23,804 TKO Group Holdings, Inc. (NYSE:TKO)

Assenagon Asset Management S.A. acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 23,804 shares of the company’s stock, valued at approximately $3,383,000.

A number of other hedge funds have also modified their holdings of the business. Blue Trust Inc. grew its holdings in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares in the last quarter. Signaturefd LLC boosted its stake in shares of TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares during the last quarter. Quarry LP purchased a new stake in TKO Group during the 2nd quarter worth about $51,000. Finally, International Assets Investment Management LLC raised its stake in TKO Group by 12,275.0% in the 3rd quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock valued at $61,000 after purchasing an additional 491 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TKO Group

In other news, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the sale, the chief accounting officer now directly owns 2,225 shares in the company, valued at $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Whitesell purchased 31,352 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the purchase, the insider now owns 1,674,322 shares of the company’s stock, valued at approximately $237,803,953.66. This represents a 1.91 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 600,647 shares of company stock valued at $86,815,728 and sold 65,624 shares valued at $9,314,671. 53.80% of the stock is owned by corporate insiders.

TKO Group Stock Up 1.6 %

Shares of NYSE TKO opened at $144.45 on Wednesday. The stock has a fifty day moving average price of $139.49 and a 200 day moving average price of $125.15. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12-month low of $77.40 and a 12-month high of $149.40. The company has a market cap of $24.67 billion, a P/E ratio of -343.93 and a beta of 1.07.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. Research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group lifted their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. TD Cowen increased their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Citigroup lifted their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Pivotal Research increased their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.29.

About TKO Group

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.