American Century Companies Inc. Raises Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

American Century Companies Inc. lifted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 1,439.7% during the second quarter, Holdings Channel reports. The institutional investor owned 307,405 shares of the company’s stock after purchasing an additional 287,440 shares during the quarter. American Century Companies Inc.’s holdings in TKO Group were worth $33,197,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of TKO Group by 10.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock worth $341,000 after purchasing an additional 286 shares in the last quarter. State of Michigan Retirement System boosted its holdings in TKO Group by 2.1% during the first quarter. State of Michigan Retirement System now owns 14,710 shares of the company’s stock worth $1,271,000 after buying an additional 300 shares in the last quarter. Commerce Bank grew its position in TKO Group by 5.0% during the fourth quarter. Commerce Bank now owns 6,973 shares of the company’s stock worth $569,000 after buying an additional 332 shares during the period. MFA Wealth Advisors LLC purchased a new position in TKO Group in the second quarter valued at about $36,000. Finally, GAMMA Investing LLC lifted its position in shares of TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after acquiring an additional 408 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Buying and Selling

In other TKO Group news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the transaction, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nick Khan sold 22,693 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The disclosure for this sale can be found here. Corporate insiders own 53.80% of the company’s stock.

TKO Group Stock Up 3.3 %

Shares of NYSE:TKO opened at $121.09 on Wednesday. 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 firm has a market cap of $20.62 billion, a price-to-earnings ratio of -119.89 and a beta of 1.04. The stock’s 50-day moving average price is $113.32 and its two-hundred day moving average price is $103.60. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $121.18.

TKO Group (NYSE:TKO) last released its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The company had revenue of $851.20 million during the quarter, compared to analysts’ expectations of $771.54 million. TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. TKO Group’s revenue for the quarter was up 178.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. On average, research analysts forecast that TKO Group Holdings, Inc. will post 4.17 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on TKO shares. Bank of America assumed coverage on TKO Group in a research note on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price objective for the company. Pivotal Research initiated coverage on TKO Group in a research note on Friday, September 13th. They set a “buy” rating and a $170.00 price target for the company. TD Cowen increased their price objective on shares of TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Roth Mkm lifted their target price on shares of TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $132.00 price target on shares of TKO Group in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $127.13.

TKO Group 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.