10,915 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,915 shares of the company's stock, valued at approximately $890,000.

A number of other hedge funds have also bought and sold shares of TKO. Public Employees Retirement System of Ohio acquired a new stake in shares of TKO Group in the third quarter worth $1,649,000. abrdn plc acquired a new stake in shares of TKO Group in the third quarter worth $12,921,000. Victory Capital Management Inc. acquired a new stake in shares of TKO Group in the third quarter worth $10,602,000. Clearbridge Investments LLC acquired a new stake in TKO Group during the third quarter valued at $118,378,000. Finally, Rhumbline Advisers acquired a new stake in TKO Group during the third quarter valued at $13,324,000. Institutional investors and hedge funds own 89.79% of the company's stock.

Insiders Place Their Bets

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of TKO Group 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 transaction, the insider now directly owns 9,875,129 shares of the company's stock, valued at $878,985,232.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 38.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TKO shares. Morgan Stanley started coverage on shares of TKO Group in a research report on Wednesday, February 14th. They set an "equal weight" rating and a $95.00 price target on the stock. Citigroup raised their price target on shares of TKO Group from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, March 19th. Jefferies Financial Group raised their price target on shares of TKO Group from $120.00 to $131.00 and gave the company a "buy" rating in a research report on Friday, April 12th. TD Cowen started coverage on shares of TKO Group in a research report on Friday, January 12th. They set a "market perform" rating and a $92.00 price target on the stock. Finally, Moffett Nathanson started coverage on shares of TKO Group in a research report on Monday, January 29th. They set a "neutral" rating and a $95.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $108.31.

TKO Group Price Performance

Shares of NYSE:TKO traded down $0.27 during midday trading on Monday, hitting $96.49. The company's stock had a trading volume of 607,029 shares, compared to its average volume of 1,376,026. The business's 50 day simple moving average is $88.45 and its 200 day simple moving average is $83.27. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $16.59 billion, a P/E ratio of 141.90 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.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $619.48 million. On average, analysts forecast that TKO Group Holdings, Inc. will post 2.38 EPS for the current year.

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.