Stonegate Investment Group LLC Takes $208,000 Position in TKO Group Holdings, Inc. (NYSE:TKO)

Stonegate Investment Group LLC purchased a new position in TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,463 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in 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 in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group during the fourth quarter valued at about $32,000. First Horizon Advisors Inc. raised its stake in TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares in the last quarter. UMB Bank n.a. lifted its holdings in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after buying an additional 115 shares during the period. Finally, Signaturefd LLC lifted its holdings in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

Shares of TKO opened at $156.81 on Thursday. The company has a market capitalization of $26.78 billion, a P/E ratio of -373.36 and a beta of 1.07. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $142.95 and a 200 day moving average of $126.81. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $159.53.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share 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 was up 51.7% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. As a group, equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on TKO. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. UBS Group raised their price objective on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. TD Cowen raised 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. The Goldman Sachs Group raised their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Roth Mkm raised their price objective on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $144.77.

Insider Activity at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 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 $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of 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. Over the last 90 days, insiders bought 1,265,894 shares of company stock valued at $185,095,692 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by insiders.

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.