Gamco Investors INC. ET AL Has $2.29 Million Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Gamco Investors INC. ET AL cut its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,500 shares of the company’s stock after selling 1,400 shares during the quarter. Gamco Investors INC. ET AL’s holdings in TKO Group were worth $2,290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TKO. American International Group Inc. lifted its holdings in shares of TKO Group by 10.1% during the 4th quarter. American International Group Inc. now owns 81,579 shares of the company’s stock valued at $6,655,000 after buying an additional 7,456 shares during the last quarter. First Trust Bank Ltd. bought a new stake in TKO Group in the fourth quarter worth approximately $3,034,000. Charles Schwab Investment Management Inc. grew its position in TKO Group by 17.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,442 shares of the company’s stock worth $29,894,000 after acquiring an additional 55,662 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of TKO Group by 20.1% during the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock worth $489,101,000 after purchasing an additional 1,002,121 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of TKO Group during the 4th quarter valued at $5,111,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Redburn Atlantic initiated coverage on TKO Group in a report on Thursday, July 18th. They set a “buy” rating and a $129.00 price objective on the stock. Morgan Stanley raised their price objective on TKO Group from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. upped their target price on TKO Group from $103.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. Finally, TD Cowen raised shares of TKO Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $92.00 to $127.00 in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.64.

Insider Buying and Selling at TKO Group

In related news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the sale, the director now owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

TKO stock traded down $0.05 during midday trading on Friday, hitting $107.65. The stock had a trading volume of 545,517 shares, compared to its average volume of 791,262. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of -106.58 and a beta of 1.04. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $107.68 and a 200 day simple moving average of $95.19. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $113.30.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, May 8th. The company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $0.51 by $1.63. The business had revenue of $629.70 million for the quarter, compared to analyst estimates of $609.28 million. TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%. As a group, equities research analysts anticipate that TKO Group Holdings, Inc. will post 4.03 earnings per share for the current year.

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.