Pacer Advisors Inc. Grows Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Pacer Advisors Inc. increased its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,318 shares of the company’s stock after buying an additional 5,094 shares during the period. Pacer Advisors Inc.’s holdings in TKO Group were worth $7,861,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in shares of TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after purchasing an additional 383,869 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in TKO Group by 59.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after purchasing an additional 362,460 shares in the last quarter. State Street Corp increased its holdings in TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after buying an additional 192,602 shares during the last quarter. Clearbridge Investments LLC raised its stake in TKO Group by 9.5% during the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after buying an additional 155,940 shares in the last quarter. Finally, Darlington Partners Capital Management LP lifted its holdings in TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after buying an additional 90,868 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Down 1.0 %

TKO opened at $156.81 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 12 month low of $78.69 and a 12 month high of $159.53. The stock’s 50 day moving average price is $142.95 and its 200 day moving average price is $126.81. The stock has a market cap of $26.78 billion, a P/E ratio of -373.36 and a beta of 1.07.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The business had revenue of $681.20 million for 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%. TKO Group’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same period last year, the business posted $0.52 earnings per share. As a group, research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Insiders Place Their Bets

In other TKO Group news, CEO Ariel Emanuel purchased 105,038 shares of the company’s stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of $153.04 per share, for a total transaction of $16,075,015.52. Following the completion of the transaction, the chief executive officer now owns 1,257,800 shares in the company, valued at $192,493,712. The trade was a 9.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Shane Kapral sold 1,034 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the sale, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,265,894 shares of company stock worth $185,095,692 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by insiders.

Analyst Ratings Changes

TKO has been the subject of a number of research analyst reports. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. UBS Group raised their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Pivotal Research boosted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Roth Mkm raised their target price on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.77.

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.