Stablepoint Partners LLC Buys 3,864 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Stablepoint Partners LLC boosted its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 205.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,743 shares of the company’s stock after acquiring an additional 3,864 shares during the period. Stablepoint Partners LLC’s holdings in TKO Group were worth $816,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its holdings in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of TKO Group in the fourth quarter valued at $32,000. First Horizon Advisors Inc. lifted its position in shares of TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares during the last quarter. UMB Bank n.a. grew its stake in shares of TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after acquiring an additional 115 shares during the period. Finally, Signaturefd LLC increased its holdings in TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TKO has been the subject of a number of research reports. Pivotal Research increased their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price objective 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. Citigroup increased their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group lifted their price target on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday. Finally, Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.21.

TKO Group Stock Up 0.7 %

Shares of NYSE:TKO opened at $153.06 on Monday. The firm has a fifty day moving average of $141.35 and a 200 day moving average of $125.96. TKO Group Holdings, Inc. has a 52-week low of $78.69 and a 52-week high of $154.25. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

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

Insider Transactions at TKO Group

In related news, major shareholder Patrick Whitesell purchased 263,200 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the purchase, the insider now directly owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Shane Kapral sold 1,034 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the sale, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 950,664 shares of company stock worth $137,096,831 and sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

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.