TKO Group (NYSE:TKO) Cut to "Hold" at Seaport Res Ptn

Key Points

• TKO Group has been downgraded from a "strong-buy" to a "hold" rating by Seaport Res Ptn, reflecting a shift in investor sentiment towards the stock.
• Despite the downgrade, various analysts maintain a generally positive outlook, with TKO Group holding a consensus rating of "Moderate Buy" and an average price target of $192.21.
• In recent trading, TKO Group stock opened at $196.53, with significant insider transactions reported, including a director selling over 9,500 shares.

TKO Group (NYSE:TKO - Get Free Report) was downgraded by investment analysts at Seaport Res Ptn from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

A number of other research analysts have also issued reports on TKO. Morgan Stanley restated an "outperform" rating on shares of TKO Group in a research note on Sunday, August 10th. Baird R W raised shares of TKO Group to a "strong-buy" rating in a report on Friday, September 5th. JPMorgan Chase & Co. raised their target price on TKO Group from $182.00 to $212.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Bank of America boosted their price target on TKO Group from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Finally, Robert W. Baird started coverage on TKO Group in a research note on Friday, September 5th. They issued an "outperform" rating and a $225.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.21.

TKO Group Trading Down 2.0%

TKO Group stock opened at $196.53 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market cap of $38.97 billion, a PE ratio of 81.60 and a beta of 0.79. The stock has a 50-day moving average of $177.55 and a two-hundred day moving average of $164.40. TKO Group has a one year low of $113.16 and a one year high of $200.71.

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

Insider Transactions at TKO Group

In other TKO Group news, Director Nick Khan sold 9,519 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $186.43, for a total transaction of $1,774,627.17. Following the completion of the sale, the director directly owned 137,456 shares in the company, valued at approximately $25,625,922.08. The trade was a 6.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 73,725 shares of company stock valued at $12,767,807. Insiders own 53.80% of the company's stock.

Institutional Trading of TKO Group

Several large investors have recently made changes to their positions in TKO. Focus Partners Advisor Solutions LLC lifted its holdings in TKO Group by 3.6% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock valued at $261,000 after purchasing an additional 63 shares in the last quarter. Howe & Rusling Inc. raised its position in shares of TKO Group by 4.7% in the second quarter. Howe & Rusling Inc. now owns 1,603 shares of the company's stock valued at $292,000 after buying an additional 72 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of TKO Group by 14.1% in the second quarter. Geneos Wealth Management Inc. now owns 582 shares of the company's stock worth $106,000 after buying an additional 72 shares in the last quarter. CreativeOne Wealth LLC grew its stake in TKO Group by 3.0% during the 2nd quarter. CreativeOne Wealth LLC now owns 2,503 shares of the company's stock valued at $455,000 after acquiring an additional 73 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in TKO Group by 0.5% in the 2nd quarter. Retirement Systems of Alabama now owns 14,385 shares of the company's stock valued at $2,617,000 after acquiring an additional 77 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

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