International Assets Investment Management LLC Has $61,000 Stake in TKO Group Holdings, Inc. (NYSE:TKO)

International Assets Investment Management LLC raised its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 12,275.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 495 shares of the company’s stock after acquiring an additional 491 shares during the period. International Assets Investment Management LLC’s holdings in TKO Group were worth $61,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TKO. Blue Trust Inc. grew its holdings in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in TKO Group in the second quarter valued at about $36,000. Signaturefd LLC boosted its position in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after buying an additional 109 shares in the last quarter. Quarry LP bought a new stake in TKO Group during the second quarter worth about $51,000. Finally, GAMMA Investing LLC increased its holdings in shares of TKO Group by 388.6% during the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after buying an additional 408 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the sale, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 53.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Roth Mkm lifted their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Pivotal Research boosted their target price on TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group raised their price target on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $132.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.00.

TKO Group Price Performance

TKO stock opened at $117.89 on Friday. The stock has a market cap of $20.12 billion, a PE ratio of -122.80 and a beta of 1.06. The stock has a 50-day moving average price of $121.34 and a two-hundred day moving average price of $112.36. 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.

TKO Group (NYSE:TKO) last announced its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (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 firm had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. During the same period in the prior year, the business posted $0.91 EPS. The firm’s quarterly revenue was up 178.9% compared to the same quarter last year. Equities analysts forecast that TKO Group Holdings, Inc. will post 4.07 EPS for the current fiscal 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.