GAMMA Investing LLC Buys 390 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

GAMMA Investing LLC lifted its position in TKO Group Holdings, Inc. (NYSE:TKO) by 40.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,360 shares of the company’s stock after buying an additional 390 shares during the quarter. GAMMA Investing LLC’s holdings in TKO Group were worth $193,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TKO. Blue Trust Inc. increased its stake 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 acquiring an additional 89 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares in the last quarter. Signaturefd LLC increased 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 purchasing an additional 109 shares during the last quarter. Quarry LP purchased a new stake in TKO Group in the second quarter valued at approximately $51,000. Finally, International Assets Investment Management LLC lifted its position in TKO Group by 12,275.0% during the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock valued at $61,000 after purchasing an additional 491 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on TKO. JPMorgan Chase & Co. increased their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. UBS Group increased their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday. Roth Mkm lifted their price target on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Pivotal Research increased 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. Finally, TD Cowen boosted their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $139.29.

Insider Activity at TKO Group

In related news, CFO Andrew M. Schleimer sold 5,419 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 $769,172.86. Following the sale, the chief financial officer now directly owns 6,995 shares in the company, valued at $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Patrick Whitesell purchased 31,352 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the purchase, the insider now owns 1,674,322 shares in the company, valued at $237,803,953.66. This represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 600,647 shares of company stock worth $86,815,728 and have sold 65,624 shares worth $9,314,671. 53.80% of the stock is owned by corporate insiders.

TKO Group Price Performance

Shares of TKO stock opened at $142.02 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a fifty-two week low of $75.35 and a fifty-two week high of $149.40. The firm has a market cap of $24.25 billion, a P/E ratio of -338.14 and a beta of 1.07. The business’s 50 day moving average price is $135.19 and its 200-day moving average price is $122.94.

TKO Group (NYSE:TKO) last released 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). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter last year, the firm earned $0.52 EPS. The business’s revenue was up 51.7% on a year-over-year basis. On average, equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

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.