TKO Group (NYSE:TKO) Sets New 12-Month High After Analyst Upgrade

Shares of TKO Group Holdings, Inc. (NYSE:TKO) hit a new 52-week high during mid-day trading on Wednesday after Pivotal Research raised their price target on the stock from $145.00 to $165.00. Pivotal Research currently has a buy rating on the stock. TKO Group traded as high as $139.45 and last traded at $139.00, with a volume of 127602 shares. The stock had previously closed at $137.28.

TKO has been the subject of several other reports. Bank of America assumed coverage on TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price for the company. Guggenheim boosted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their price target 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and an average target price of $132.43.

Insider Transactions at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of the company’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 transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This represents a 42.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

A number of large investors have recently modified their holdings of TKO. Blue Trust Inc. increased its position in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after acquiring an additional 89 shares during the period. First Horizon Advisors Inc. grew its stake in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares during the last quarter. MFA Wealth Advisors LLC purchased a new stake in TKO Group during the 2nd quarter valued at about $36,000. Signaturefd LLC increased its holdings in shares of TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares during the period. Finally, Quarry LP purchased a new position in shares of TKO Group in the second quarter worth about $51,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

The stock has a fifty day moving average of $123.63 and a 200 day moving average of $115.03. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate 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%. The business’s revenue was up 51.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. On average, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

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.