TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 32.6% during the 3rd quarter, Holdings Channel reports. The fund owned 8,358 shares of the company’s stock after selling 4,047 shares during the quarter. Intech Investment Management LLC’s holdings in TKO Group were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. grew its stake in shares of TKO Group by 52.4% during 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. First Horizon Advisors Inc. grew its position in TKO Group by 491.5% during the third 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 period. MFA Wealth Advisors LLC purchased a new position in TKO Group in the second quarter valued at $36,000. Signaturefd LLC raised its position in shares of TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares during the period. Finally, Quarry LP acquired a new stake in shares of TKO Group during the 2nd quarter valued at about $51,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Up 0.7 %

Shares of NYSE:TKO opened at $138.21 on Thursday. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $139.45. The stock has a market cap of $23.60 billion, a P/E ratio of -328.29 and a beta of 1.06. The business has a fifty day moving average of $123.95 and a two-hundred day moving average of $115.29. The company has a quick ratio of 1.17, a current 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue for the quarter was up 51.7% compared to the same quarter last year. On average, research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TKO. TD Cowen upped their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Roth Mkm upped their target price on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Bank of America began coverage on shares of TKO Group in a research note on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target on the stock. The Goldman Sachs Group raised their price target on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley boosted their price objective on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.43.

Insider Transactions at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This trade represents a 42.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.