HTG Investment Advisors Inc. Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

HTG Investment Advisors Inc. bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 1,821 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted 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 purchasing an additional 89 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in TKO Group in the 2nd quarter worth $36,000. Signaturefd LLC boosted its position in TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after buying an additional 109 shares during the last quarter. Quarry LP acquired a new stake in shares of TKO Group during the second quarter valued at about $51,000. Finally, GAMMA Investing LLC increased its position in shares of TKO Group by 388.6% during the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after acquiring an additional 408 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Performance

Shares of NYSE TKO opened at $120.18 on Friday. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $130.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $121.38 and its 200 day simple moving average is $112.65.

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 company had revenue of $681.20 million during the quarter, compared to the consensus estimate 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. Research analysts expect that TKO Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the sale, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 53.80% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the subject of a number of analyst reports. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Bank of America assumed coverage on shares of TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price target for the company. Redburn Atlantic began coverage on shares of TKO Group in a report on Thursday, July 18th. They issued a “buy” rating and a $129.00 price target on the stock. TD Cowen raised their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group upped their target price on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $131.00.

About TKO Group

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.