Aigen Investment Management LP Invests $991,000 in TKO Group Holdings, Inc. (NYSE:TKO)

Aigen Investment Management LP bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,148 shares of the company's stock, valued at approximately $991,000.

Several other hedge funds have also made changes to their positions in TKO. Covestor Ltd acquired a new position in shares of TKO Group during the third quarter worth approximately $27,000. Fifth Third Bancorp bought a new position in shares of TKO Group in the third quarter worth $27,000. International Assets Investment Management LLC acquired a new position in shares of TKO Group during the fourth quarter valued at $27,000. Baker Avenue Asset Management LP bought a new stake in shares of TKO Group during the third quarter valued at about $36,000. Finally, Blue Trust Inc. acquired a new stake in TKO Group in the fourth quarter worth about $37,000. Institutional investors own 89.79% of the company's stock.

Insider Activity at TKO Group

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the stock in a transaction on Tuesday, April 9th. The stock was 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 directly owns 9,875,129 shares in the company, valued at $878,985,232.29. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 53.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

TKO has been the topic of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on shares of TKO Group in a research report on Thursday, March 7th. They set a "buy" rating and a $102.00 price target on the stock. Citigroup increased their price target on TKO Group from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. Bank of America started coverage on TKO Group in a report on Friday, March 15th. They issued a "buy" rating and a $100.00 price objective for the company. TD Cowen upgraded shares of TKO Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $92.00 to $127.00 in a research report on Wednesday, May 15th. Finally, Roth Mkm upped their price target on shares of TKO Group from $112.00 to $121.00 and gave the company a "buy" rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $111.69.

TKO Group Stock Down 0.1 %

NYSE:TKO traded down $0.07 during trading hours on Tuesday, hitting $107.53. 948,483 shares of the stock traded hands, compared to its average volume of 1,305,758. The firm has a 50 day moving average price of $94.06 and a 200 day moving average price of $85.55. The firm has a market cap of $18.31 billion, a price-to-earnings ratio of -106.47 and a beta of 1.03. TKO Group Holdings, Inc. has a fifty-two week low of $72.33 and a fifty-two week high of $108.72. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34.

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 negative net margin of 4.14% and a positive return on equity of 4.15%. The business had revenue of $614.00 million for the quarter, compared to analyst estimates of $619.48 million. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 4.51 earnings per share for the current year.

TKO Group Company 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.