Rhumbline Advisers Sells 2,572 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Rhumbline Advisers lowered its position in TKO Group Holdings, Inc. (NYSE:TKO) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 196,906 shares of the company’s stock after selling 2,572 shares during the period. Rhumbline Advisers owned about 0.12% of TKO Group worth $27,982,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. New Mexico Educational Retirement Board grew its position in shares of TKO Group by 11.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 13,600 shares of the company’s stock valued at $1,933,000 after purchasing an additional 1,400 shares in the last quarter. Blue Trust Inc. grew its position in shares of TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of TKO Group by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock valued at $2,629,000 after purchasing an additional 100 shares in the last quarter. Portfolio Design Labs LLC purchased a new position in shares of TKO Group during the fourth quarter valued at about $313,000. Finally, Choreo LLC grew its position in shares of TKO Group by 32.3% during the fourth quarter. Choreo LLC now owns 8,014 shares of the company’s stock valued at $1,149,000 after purchasing an additional 1,957 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Down 3.4 %

Shares of NYSE:TKO opened at $166.18 on Thursday. TKO Group Holdings, Inc. has a 1 year low of $78.69 and a 1 year high of $179.09. The business has a 50 day simple moving average of $151.46 and a two-hundred day simple moving average of $133.11. The firm has a market capitalization of $28.38 billion, a PE ratio of -395.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

Insider Buying and Selling at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the transaction, the chief financial officer now owns 6,995 shares in the company, valued at $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ariel Emanuel purchased 60,208 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the purchase, the chief executive officer now directly owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TKO shares. JPMorgan Chase & Co. raised their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group raised their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Citigroup lifted their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. TD Cowen lifted their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Pivotal Research lifted their price target 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 eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.08.

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.