Lecap Asset Management Ltd. Has $515,000 Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Lecap Asset Management Ltd. boosted its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 64.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,166 shares of the company’s stock after buying an additional 1,631 shares during the period. Lecap Asset Management Ltd.’s holdings in TKO Group were worth $515,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TKO. Private Advisor Group LLC bought a new position in shares of TKO Group during the third quarter valued at $243,000. Signaturefd LLC increased its position in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in TKO Group by 292.2% during the 3rd quarter. Toth Financial Advisory Corp now owns 5,550 shares of the company’s stock valued at $687,000 after purchasing an additional 4,135 shares during the last quarter. Arlington Partners LLC boosted its position in TKO Group by 16.6% in the third quarter. Arlington Partners LLC now owns 36,096 shares of the company’s stock valued at $4,465,000 after buying an additional 5,131 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in TKO Group by 59.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after buying an additional 362,460 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the business’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 transaction, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 53.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TKO. JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. UBS Group increased their target price on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Morgan Stanley raised their target price on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Guggenheim upped their price target on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Redburn Atlantic initiated coverage on shares of TKO Group in a research report on Thursday, July 18th. They issued a “buy” rating and a $129.00 price objective for the company. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.21.

TKO Group Trading Down 8.7 %

TKO opened at $115.00 on Friday. TKO Group Holdings, Inc. has a fifty-two week low of $72.33 and a fifty-two week high of $130.95. The company has a market cap of $19.62 billion, a price-to-earnings ratio of -119.79 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $121.45 and a 200 day simple moving average of $110.91.

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