Andrew M. Schleimer Sells 3,265 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew M. Schleimer sold 3,265 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total transaction of $469,507.00. Following the completion of the sale, the chief financial officer now owns 9,563 shares of the company’s stock, valued at approximately $1,375,159.40. This trade represents a 25.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

TKO Group Stock Up 6.3 %

TKO stock opened at $151.93 on Friday. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $153.89. The company has a 50 day moving average price of $140.68 and a two-hundred day moving average price of $125.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $25.94 billion, a P/E ratio of -361.73 and a beta of 1.07.

TKO Group (NYSE:TKO) last released 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 analyst estimates of $665.12 million. During the same period in the prior year, the business posted $0.52 earnings per share. TKO Group’s revenue was up 51.7% on a year-over-year basis. As a group, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Hedge Funds Weigh In On TKO Group

Large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in TKO Group during the fourth quarter worth approximately $32,000. Blue Trust Inc. grew its position in shares of TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after buying an additional 89 shares in the last quarter. UMB Bank n.a. grew its stake in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after purchasing an additional 115 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in TKO Group by 213.0% in the fourth quarter. Brooklyn Investment Group now owns 360 shares of the company’s stock worth $51,000 after purchasing an additional 245 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TKO has been the topic of several recent research reports. Roth Mkm boosted their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Citigroup raised their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Guggenheim boosted their target price on TKO Group from $135.00 to $140.00 and gave the stock 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 note on Thursday, October 24th. Finally, TD Cowen raised their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $139.29.

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.