Janney Montgomery Scott LLC Buys 398 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Janney Montgomery Scott LLC boosted its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,708 shares of the company’s stock after buying an additional 398 shares during the period. Janney Montgomery Scott LLC’s holdings in TKO Group were worth $1,380,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of TKO Group by 2.8% in the second quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock valued at $719,000 after purchasing an additional 184 shares during the last quarter. AQR Capital Management LLC bought a new stake in TKO Group in the 2nd quarter valued at $232,000. The Manufacturers Life Insurance Company grew its holdings in TKO Group by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,653 shares of the company’s stock valued at $5,902,000 after buying an additional 861 shares in the last quarter. Creative Planning increased its position in TKO Group by 8.9% during the 2nd quarter. Creative Planning now owns 9,985 shares of the company’s stock worth $1,078,000 after buying an additional 816 shares during the period. Finally, Truist Financial Corp lifted its holdings in shares of TKO Group by 4.9% during the second quarter. Truist Financial Corp now owns 5,278 shares of the company’s stock worth $570,000 after buying an additional 248 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Insider Transactions at TKO Group

In other news, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the sale, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. This trade represents a 43.65 % 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. Also, major shareholder Patrick Whitesell acquired 31,352 shares of the stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the purchase, the insider now directly owns 1,674,322 shares of the company’s stock, valued at $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 ninety days, insiders purchased 1,524,470 shares of company stock worth $225,807,760 and sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

TKO Group stock opened at $157.11 on Tuesday. The stock has a market cap of $26.83 billion, a PE ratio of -374.08 and a beta of 1.06. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $159.72. The business’s 50-day moving average price is $144.15 and its two-hundred day moving average price is $128.02.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. TKO Group’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. As a group, analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on TKO shares. The Goldman Sachs Group raised their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Roth Mkm lifted their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Citigroup lifted their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, TD Cowen upped their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Two 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, TKO Group presently has a consensus rating of “Moderate Buy” and an average target price of $144.77.

About TKO Group

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.