SG Americas Securities LLC Has $521,000 Stake in TKO Group Holdings, Inc. (NYSE:TKO)

SG Americas Securities LLC grew its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 202.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,668 shares of the company’s stock after buying an additional 2,454 shares during the period. SG Americas Securities LLC’s holdings in TKO Group were worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of TKO. Blue Trust Inc. boosted its stake in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after purchasing an additional 97 shares during the period. Quent Capital LLC boosted its position in shares of TKO Group by 17.4% during the third quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after purchasing an additional 101 shares in the last quarter. Signaturefd LLC grew its holdings in shares of TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after buying an additional 109 shares during the period. Finally, UMB Bank n.a. increased its position in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after buying an additional 115 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. TD Cowen increased their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Roth Mkm raised their target price 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. Finally, UBS Group upped their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Two 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 company currently has an average rating of “Moderate Buy” and an average target price of $144.77.

TKO Group Trading Down 1.6 %

TKO Group stock opened at $155.03 on Friday. The company has a market cap of $26.47 billion, a price-to-earnings ratio of -369.12 and a beta of 1.07. The firm has a 50-day moving average of $143.75 and a 200-day moving average of $127.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $159.72.

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 analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm’s revenue for the quarter was up 51.7% compared to the same quarter last year. On average, equities analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the sale, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at $315,816.50. This trade represents a 31.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Patrick Whitesell acquired 31,352 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $142.03 per share, for a total transaction of $4,452,924.56. Following the completion of the transaction, the insider now directly owns 1,674,322 shares of the company’s stock, valued at approximately $237,803,953.66. This trade represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,524,470 shares of company stock valued at $225,807,760 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

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.