Janney Montgomery Scott LLC Sells 451 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Janney Montgomery Scott LLC reduced its position in TKO Group Holdings, Inc. (NYSE:TKO) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,310 shares of the company’s stock after selling 451 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TKO Group were worth $1,152,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TKO. Russell Investments Group Ltd. boosted its stake in TKO Group by 29.8% during the 1st quarter. Russell Investments Group Ltd. now owns 113,914 shares of the company’s stock valued at $9,843,000 after purchasing an additional 26,168 shares during the last quarter. Intech Investment Management LLC boosted its stake in TKO Group by 280.9% during the first quarter. Intech Investment Management LLC now owns 29,694 shares of the company’s stock valued at $2,566,000 after buying an additional 21,899 shares during the period. Vanguard Group Inc. boosted its stake in TKO Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock valued at $524,899,000 after buying an additional 79,166 shares during the period. Cynosure Group LLC bought a new stake in TKO Group during the first quarter worth about $329,000. Finally, Clearbridge Investments LLC lifted its stake in shares of TKO Group by 17.8% in the 1st quarter. Clearbridge Investments LLC now owns 1,644,844 shares of the company’s stock valued at $142,131,000 after acquiring an additional 247,987 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

Insider Activity at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of TKO Group 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 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 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 53.80% of the stock is currently owned by corporate insiders.

TKO Group Stock Up 1.3 %

Shares of NYSE:TKO opened at $119.32 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market cap of $20.36 billion, a price-to-earnings ratio of -284.10 and a beta of 1.06. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $130.95. The company has a 50-day moving average price of $121.47 and a 200 day moving average price of $113.29.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). The company had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue was up 51.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. As a group, equities research analysts predict that TKO Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of research analyst reports. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Guggenheim upped their price target on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. increased their price target on TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Morgan Stanley upped their price objective on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, The Goldman Sachs Group increased their price target on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and a consensus price target of $131.00.

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.