2,250 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Bought by BigSur Wealth Management LLC

BigSur Wealth Management LLC bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, HoldingsChannel reports. The fund bought 2,250 shares of the company’s stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TKO. Massachusetts Financial Services Co. MA lifted its holdings in TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after acquiring an additional 383,869 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of TKO Group by 59.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after purchasing an additional 362,460 shares during the period. State Street Corp lifted its holdings in shares of TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after purchasing an additional 155,940 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in TKO Group by 26.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 448,205 shares of the company’s stock valued at $48,402,000 after purchasing an additional 94,944 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TKO Group

In other news, Director Nick Khan sold 27,505 shares of the business’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 $3,904,059.70. Following the sale, the director now directly owns 169,004 shares of the company’s stock, valued at $23,988,427.76. The trade was a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the transaction, the chief financial officer now owns 6,995 shares of the company’s stock, valued at $992,870.30. This trade represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 600,647 shares of company stock valued at $86,815,728 and sold 65,624 shares valued at $9,314,671. Company insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

TKO opened at $142.06 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s fifty day moving average is $138.47 and its 200-day moving average is $124.70. TKO Group Holdings, Inc. has a one year low of $75.35 and a one year high of $149.40.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate 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 business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter last year, the firm posted $0.52 earnings per share. TKO Group’s revenue was up 51.7% compared to the same quarter last year. On average, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TKO shares. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. TD Cowen increased their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Roth Mkm raised their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Guggenheim boosted their price objective on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Three equities research 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 currently has an average rating of “Moderate Buy” and an average price target of $139.29.

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.