TKO Group (NYSE:TKO) Sets New 52-Week High Following Analyst Upgrade

TKO Group Holdings, Inc. (NYSE:TKO)’s stock price hit a new 52-week high during mid-day trading on Wednesday after Pivotal Research raised their price target on the stock from $145.00 to $165.00. Pivotal Research currently has a buy rating on the stock. TKO Group traded as high as $139.45 and last traded at $139.00, with a volume of 127602 shares changing hands. The stock had previously closed at $137.28.

Several other brokerages have also commented on TKO. Roth Mkm upped their price objective on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. UBS Group raised their price objective on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Guggenheim upped their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. The Goldman Sachs Group increased their target price on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $132.43.

Insiders Place Their Bets

In related news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

A number of hedge funds have recently added to or reduced their stakes in TKO. Blue Trust Inc. increased its position in shares of 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 purchasing an additional 89 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in TKO Group by 3.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after buying an additional 97 shares during the last quarter. Quent Capital LLC increased its holdings in TKO Group by 17.4% during the third quarter. Quent Capital LLC now owns 680 shares of the company’s stock valued at $84,000 after buying an additional 101 shares during the last quarter. Signaturefd LLC raised its position in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of TKO Group by 6.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock worth $263,000 after acquiring an additional 125 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Up 0.7 %

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 firm has a market cap of $23.60 billion, a PE ratio of -328.29 and a beta of 1.06. The company’s 50 day moving average price is $123.95 and its two-hundred day moving average price is $115.29.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s quarterly revenue was up 51.7% compared to the same quarter last year. On average, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 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.