HTG Investment Advisors Inc. Buys Shares of 1,821 TKO Group Holdings, Inc. (NYSE:TKO)

HTG Investment Advisors Inc. purchased a new position in TKO Group Holdings, Inc. (NYSE:TKO) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,821 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TKO. Blue Trust Inc. lifted its holdings in shares of TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in TKO Group during the 2nd quarter worth about $36,000. Signaturefd LLC lifted its stake in TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after buying an additional 109 shares in the last quarter. Quarry LP acquired a new position in shares of TKO Group in the second quarter worth about $51,000. Finally, GAMMA Investing LLC increased its position in shares of TKO Group by 388.6% in the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after acquiring an additional 408 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TKO shares. The Goldman Sachs Group upped their price target on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley increased their target price on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. TD Cowen lifted their price target on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. UBS Group increased their price objective on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.00.

Insider Activity

In related 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 owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 53.80% of the stock is currently owned by company insiders.

TKO Group Price Performance

NYSE TKO opened at $120.18 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 1.17. The stock’s 50-day moving average is $121.38 and its two-hundred day moving average is $112.65. TKO Group Holdings, Inc. has a fifty-two week low of $72.33 and a fifty-two week high of $130.95.

TKO Group (NYSE:TKO) last posted its earnings results 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). The firm had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 1.88 EPS for the current year.

TKO Group Company 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.