Cwm LLC Boosts Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Cwm LLC grew its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 92.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 646 shares of the company’s stock after purchasing an additional 310 shares during the period. Cwm LLC’s holdings in TKO Group were worth $80,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in TKO. Sunbelt Securities Inc. boosted its position in shares of TKO Group by 1,384.4% during the 1st quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock worth $99,000 after purchasing an additional 1,066 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of TKO Group by 51.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 799,921 shares of the company’s stock worth $69,121,000 after purchasing an additional 272,134 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of TKO Group by 2.1% during the 1st quarter. State of Michigan Retirement System now owns 14,710 shares of the company’s stock worth $1,271,000 after purchasing an additional 300 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of TKO Group by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 21,234 shares of the company’s stock worth $1,835,000 after purchasing an additional 5,679 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of TKO Group by 31.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,097 shares of the company’s stock worth $786,000 after purchasing an additional 2,167 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Redburn Atlantic assumed coverage on shares of TKO Group in a research report on Thursday, July 18th. They set a “buy” rating and a $129.00 target price on the stock. Morgan Stanley boosted their price objective on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. The Goldman Sachs Group boosted their price objective 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. Guggenheim boosted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, UBS Group boosted their price objective on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.21.

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 shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 53.80% of the company’s stock.

TKO Group Trading Up 0.2 %

Shares of TKO stock opened at $115.25 on Friday. The firm has a 50-day moving average price of $121.38 and a 200 day moving average price of $111.16. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $130.95. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of -120.05 and a beta of 1.04. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $851.20 million for the quarter, compared to analyst estimates of $771.54 million. During the same period in the prior year, the company earned $0.91 EPS. The company’s revenue was up 178.9% compared to the same quarter last year. Research analysts forecast that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current fiscal year.

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.