Silvant Capital Management LLC Invests $1.37 Million in TKO Group Holdings, Inc. $TKO

Key Points

• Silvant Capital Management LLC has acquired a new stake in TKO Group Holdings, purchasing 8,983 shares valued at approximately $1.373 million during the 1st quarter.
• Analysts have a positive outlook on TKO Group, with multiple firms, including Citigroup and JPMorgan, raising their price targets and maintaining 'buy' ratings.
• Despite a year-over-year revenue increase of 53.7% to $1.31 billion, TKO Group's recent earnings report showed a slight earnings miss, reporting $1.17 EPS compared to expectations of $1.23.

Silvant Capital Management LLC purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,983 shares of the company's stock, valued at approximately $1,373,000.

A number of other institutional investors have also made changes to their positions in TKO. Sentry Investment Management LLC acquired a new stake in shares of TKO Group during the first quarter valued at about $25,000. Hemington Wealth Management grew its holdings in shares of TKO Group by 425.0% in the first quarter. Hemington Wealth Management now owns 168 shares of the company's stock valued at $25,000 after purchasing an additional 136 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of TKO Group in the first quarter valued at approximately $26,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of TKO Group in the first quarter valued at approximately $27,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of TKO Group by 129.8% in the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock valued at $33,000 after purchasing an additional 122 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TKO. UBS Group lifted their price objective on shares of TKO Group from $195.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Citigroup lifted their price objective on shares of TKO Group from $200.00 to $225.00 and gave the company a "buy" rating in a report on Friday, August 15th. JPMorgan Chase & Co. lifted their price objective on shares of TKO Group from $182.00 to $212.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Bank of America lifted their price objective on shares of TKO Group from $200.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Finally, Sanford C. Bernstein began coverage on shares of TKO Group in a report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, TKO Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $189.69.

TKO Group Stock Down 0.3%

NYSE TKO traded down $0.60 on Friday, hitting $189.54. 559,071 shares of the stock were exchanged, compared to its average volume of 1,068,053. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. TKO Group Holdings, Inc. has a fifty-two week low of $113.16 and a fifty-two week high of $194.76. The company has a market cap of $37.59 billion, a PE ratio of 78.32 and a beta of 0.72. The company has a 50-day moving average price of $175.52 and a 200-day moving average price of $163.31.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm earned $0.72 EPS. The company's revenue was up 53.7% on a year-over-year basis. Sell-side analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Insider Transactions at TKO Group

In related news, Director Peter C. B. Bynoe acquired 980 shares of TKO Group stock in a transaction dated Thursday, June 5th. The stock was acquired at an average price of $169.59 per share, for a total transaction of $166,198.20. Following the transaction, the director owned 2,747 shares of the company's stock, valued at $465,863.73. This represents a 55.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nick Khan sold 9,519 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $167.36, for a total transaction of $1,593,099.84. Following the sale, the director owned 146,975 shares of the company's stock, valued at $24,597,736. This represents a 6.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,725 shares of company stock worth $12,501,561. 61.30% of the stock is currently owned by insiders.

TKO Group 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.