Retirement Systems of Alabama Raises Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Retirement Systems of Alabama increased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,911 shares of the company’s stock after buying an additional 204 shares during the period. Retirement Systems of Alabama’s holdings in TKO Group were worth $11,498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TKO. Blue Trust Inc. raised its stake in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of TKO Group by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after buying an additional 97 shares during the last quarter. Signaturefd LLC raised its position in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after buying an additional 109 shares in the last quarter. UMB Bank n.a. lifted its holdings 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 acquiring an additional 115 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in TKO Group by 6.2% in the third quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock worth $263,000 after acquiring an additional 125 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

TKO Group Price Performance

Shares of TKO stock opened at $166.69 on Friday. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $168.25. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $146.05 and a two-hundred day simple moving average of $129.28. The stock has a market capitalization of $28.47 billion, a price-to-earnings ratio of -396.88 and a beta of 1.06.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (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 for the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s revenue was up 51.7% on a year-over-year basis. On average, analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TKO. Pivotal Research upped their price objective on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Roth Mkm raised their price target on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, UBS Group boosted their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.08.

Insider Activity

In other news, CAO Shane Kapral sold 1,034 shares of TKO Group 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 transaction, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at $315,816.50. The trade was a 31.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Patrick Whitesell acquired 245,887 shares of TKO Group stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $142.45 per share, with a total value of $35,026,603.15. Following the purchase, the insider now owns 1,825,030 shares in the company, valued at $259,975,523.50. This represents a 15.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,107,826 shares of company stock worth $319,543,341 and have sold 71,457 shares worth $10,153,456. Insiders own 53.80% of the company’s stock.

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.