Assetmark Inc. Raises Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Assetmark Inc. grew its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 7.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,718 shares of the company’s stock after purchasing an additional 1,513 shares during the quarter. Assetmark Inc.’s holdings in TKO Group were worth $2,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TKO. Vanguard Group Inc. grew its stake in TKO Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock worth $524,899,000 after purchasing an additional 79,166 shares during the period. Central Pacific Bank Trust Division grew its position in shares of TKO Group by 499.8% in the 3rd quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock worth $742,000 after buying an additional 4,998 shares during the period. Russell Investments Group Ltd. grew its position in shares of TKO Group by 29.8% in the 1st quarter. Russell Investments Group Ltd. now owns 113,914 shares of the company’s stock worth $9,843,000 after buying an additional 26,168 shares during the period. Sei Investments Co. lifted its position in TKO Group by 9.9% during the 1st quarter. Sei Investments Co. now owns 206,369 shares of the company’s stock valued at $17,832,000 after acquiring an additional 18,643 shares during the period. Finally, Intech Investment Management LLC lifted its position in TKO Group by 280.9% during the 1st quarter. Intech Investment Management LLC now owns 29,694 shares of the company’s stock valued at $2,566,000 after acquiring an additional 21,899 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Performance

Shares of NYSE TKO opened at $117.75 on Thursday. The firm’s 50-day moving average price is $121.36 and its 200-day moving average price is $113.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market cap of $20.09 billion, a PE ratio of -280.36 and a beta of 1.06. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $130.95.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter in the prior year, the business posted $0.52 EPS. The company’s revenue for the quarter was up 51.7% compared to the same quarter last year. As a group, analysts anticipate that TKO Group Holdings, Inc. will post 1.88 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TKO shares. The Goldman Sachs Group upped their price objective on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. TD Cowen upped their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Roth Mkm boosted their target price on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Pivotal Research boosted their target price on TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, UBS Group lifted their price target on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.00.

Insider Transactions at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of the company’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 sale, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 53.80% of the company’s stock.

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.