Mirae Asset Global Investments Co. Ltd. Increases Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Mirae Asset Global Investments Co. Ltd. lifted its position in TKO Group Holdings, Inc. (NYSE:TKO) by 1,002.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 12,570 shares of the company’s stock after purchasing an additional 11,430 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in TKO Group were worth $1,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State of Michigan Retirement System increased its position in shares of TKO Group by 2.1% in the first quarter. State of Michigan Retirement System now owns 14,710 shares of the company’s stock worth $1,271,000 after purchasing an additional 300 shares during the last quarter. Van ECK Associates Corp increased its position in shares of TKO Group by 36.5% in the first quarter. Van ECK Associates Corp now owns 21,234 shares of the company’s stock worth $1,835,000 after purchasing an additional 5,679 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of TKO Group by 31.3% in the first quarter. Janney Montgomery Scott LLC now owns 9,097 shares of the company’s stock worth $786,000 after purchasing an additional 2,167 shares during the last quarter. Coronation Fund Managers Ltd. increased its position in shares of TKO Group by 34.5% in the first quarter. Coronation Fund Managers Ltd. now owns 221,069 shares of the company’s stock worth $19,103,000 after purchasing an additional 56,648 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its position in shares of TKO Group by 1.2% in the first quarter. Texas Permanent School Fund Corp now owns 52,430 shares of the company’s stock worth $4,530,000 after purchasing an additional 601 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction on 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 $4,837,822.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

Shares of TKO Group stock opened at $116.76 on Friday. 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 capitalization of $19.92 billion, a P/E ratio of -121.63 and a beta of 1.04. The business has a fifty day simple moving average of $121.20 and a two-hundred day simple moving average of $111.59. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $130.95.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing the consensus estimate 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 negative net margin of 3.14% and a positive return on equity of 3.10%. The business’s quarterly revenue was up 178.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 4.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Pivotal Research started coverage on shares of TKO Group in a research report on Friday, September 13th. They issued a “buy” rating and a $170.00 price objective on the stock. Guggenheim increased their price target on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. TD Cowen increased their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Roth Mkm increased their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.43.

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.