TKO Group Holdings, Inc. (NYSE:TKO) Position Boosted by Strs Ohio

Strs Ohio boosted its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 65.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,674 shares of the company's stock after acquiring an additional 8,537 shares during the quarter. Strs Ohio's holdings in TKO Group were worth $1,768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Strengthening Families & Communities LLC acquired a new position in TKO Group in the third quarter valued at about $26,000. Covestor Ltd acquired a new position in TKO Group in the third quarter valued at about $27,000. Fifth Third Bancorp acquired a new position in TKO Group in the third quarter valued at about $27,000. International Assets Investment Management LLC acquired a new position in TKO Group in the fourth quarter valued at about $27,000. Finally, Quent Capital LLC lifted its position in shares of TKO Group by 113.7% during the fourth quarter. Quent Capital LLC now owns 673 shares of the company's stock worth $55,000 after purchasing an additional 358 shares in the last quarter. Institutional investors own 89.79% of the company's stock.

TKO Group Stock Down 0.3 %

TKO Group stock traded down $0.27 during mid-day trading on Friday, reaching $95.52. The company's stock had a trading volume of 789,748 shares, compared to its average volume of 1,227,585. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 140.47 and a beta of 1.06. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $106.16. The business's 50 day simple moving average is $87.33 and its 200 day simple moving average is $82.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.59). The firm had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. TKO Group had a net margin of 3.02% and a return on equity of 3.11%. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 2.39 earnings per share for the current year.

Insider Transactions at TKO Group

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the completion of the sale, the insider now owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 38.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TKO. The Goldman Sachs Group began coverage on shares of TKO Group in a research report on Thursday, March 7th. They set a "buy" rating and a $102.00 target price on the stock. Bank of America started coverage on shares of TKO Group in a report on Friday, March 15th. They issued a "buy" rating and a $100.00 price objective on the stock. Jefferies Financial Group increased their price objective on shares of TKO Group from $120.00 to $131.00 and gave the company a "buy" rating in a report on Friday, April 12th. Citigroup increased their price objective on shares of TKO Group from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 19th. Finally, Moffett Nathanson began coverage on shares of TKO Group in a research note on Monday, January 29th. They issued a "neutral" rating and a $95.00 target price for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $108.31.

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.