Picton Mahoney Asset Management Raises Position in TKO Group Holdings, Inc. (NYSE:TKO)

Picton Mahoney Asset Management lifted its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 8.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,870 shares of the company’s stock after purchasing an additional 150 shares during the period. Picton Mahoney Asset Management’s holdings in TKO Group were worth $152,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Barlow Wealth Partners Inc. purchased a new stake in TKO Group in the fourth quarter worth about $8,707,000. Charles Schwab Investment Management Inc. increased its holdings in TKO Group by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,442 shares of the company’s stock worth $29,894,000 after acquiring an additional 55,662 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in TKO Group by 38.7% during the 4th quarter. Maryland State Retirement & Pension System now owns 4,721 shares of the company’s stock worth $385,000 after acquiring an additional 1,317 shares during the period. Malaga Cove Capital LLC lifted its holdings in TKO Group by 56.4% during the fourth quarter. Malaga Cove Capital LLC now owns 4,309 shares of the company’s stock valued at $352,000 after purchasing an additional 1,554 shares in the last quarter. Finally, Amalgamated Bank boosted its position in shares of TKO Group by 32.5% in the fourth quarter. Amalgamated Bank now owns 45,927 shares of the company’s stock worth $3,747,000 after purchasing an additional 11,260 shares during the period. 89.79% of the stock is owned by institutional investors.

Insider Transactions at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total value of $146,240,759.70. Following the transaction, the insider now directly owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 53.80% of the company’s stock.

TKO Group Stock Down 0.0 %

Shares of NYSE TKO opened at $98.24 on Friday. TKO Group Holdings, Inc. has a 1 year low of $72.33 and a 1 year high of $106.16. The firm has a 50-day simple moving average of $90.39 and a two-hundred day simple moving average of $84.26. The company has a market cap of $16.89 billion, a P/E ratio of 144.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.04.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). TKO Group had a return on equity of 3.11% and a net margin of 3.02%. The business had revenue of $614.00 million for the quarter, compared to the consensus estimate of $619.48 million. Research analysts anticipate that TKO Group Holdings, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Bank of America started coverage on shares of TKO Group in a research note on Friday, March 15th. They set a “buy” rating and a $100.00 target price on the stock. Jefferies Financial Group upped their price objective on TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. The Goldman Sachs Group initiated coverage on TKO Group in a research note on Thursday, March 7th. They set a “buy” rating and a $102.00 target price on the stock. Morgan Stanley assumed coverage on shares of TKO Group in a research note on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price target on the stock. Finally, Citigroup increased their target price on TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $109.00.

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.