TKO Group Holdings, Inc. (NYSE:TKO) Stake Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 26.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,832 shares of the company’s stock after buying an additional 799 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TKO Group were worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TKO. Wrapmanager Inc. acquired a new stake in TKO Group in the 2nd quarter valued at about $212,000. Federated Hermes Inc. lifted its stake in TKO Group by 56.5% during the second quarter. Federated Hermes Inc. now owns 7,525 shares of the company’s stock valued at $813,000 after purchasing an additional 2,718 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in TKO Group during the second quarter valued at approximately $1,566,000. American Century Companies Inc. grew its position in TKO Group by 1,439.7% in the second quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock worth $33,197,000 after buying an additional 287,440 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in shares of TKO Group by 9.2% in the second quarter. Texas Permanent School Fund Corp now owns 57,243 shares of the company’s stock valued at $6,182,000 after buying an additional 4,813 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

TKO Group Trading Down 2.1 %

NYSE TKO opened at $121.94 on Friday. The company has a market capitalization of $20.77 billion, a PE ratio of -120.73 and a beta of 1.04. TKO Group Holdings, Inc. has a 1-year low of $72.33 and a 1-year high of $125.49. 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’s fifty day simple moving average is $114.08 and its 200-day simple moving average is $104.16.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The firm had revenue of $851.20 million for the quarter, compared to analysts’ expectations of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The firm’s revenue for the quarter was up 178.9% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. As a group, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current fiscal year.

Insider Activity

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

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.