TKO Group Holdings, Inc. $TKO Shares Acquired by Ashford Capital Management Inc.

Ashford Capital Management Inc. lifted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 5.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,527 shares of the company’s stock after acquiring an additional 700 shares during the period. Ashford Capital Management Inc.’s holdings in TKO Group were worth $1,914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Focus Partners Advisor Solutions LLC raised its position in shares of TKO Group by 3.6% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company’s stock worth $261,000 after acquiring an additional 63 shares in the last quarter. Simon Quick Advisors LLC grew its stake in TKO Group by 1.1% during the 1st quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company’s stock worth $1,155,000 after buying an additional 82 shares during the last quarter. Utah Retirement Systems grew its stake in TKO Group by 2.4% during the 4th quarter. Utah Retirement Systems now owns 4,300 shares of the company’s stock worth $611,000 after buying an additional 100 shares during the last quarter. Pekin Hardy Strauss Inc. grew its stake in TKO Group by 3.2% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 3,210 shares of the company’s stock worth $491,000 after buying an additional 100 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its stake in TKO Group by 4.0% during the 1st quarter. Argonautica Private Wealth Management Inc. now owns 2,837 shares of the company’s stock worth $434,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Guggenheim raised their price target on TKO Group from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Northcoast Research downgraded TKO Group from a “buy” rating to a “neutral” rating in a research note on Thursday, July 10th. Bank of America raised their price target on TKO Group from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. The Goldman Sachs Group raised their price target on TKO Group from $170.00 to $188.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Finally, Citigroup lifted their target price on TKO Group from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $189.69.

Insider Activity

In other news, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of TKO Group stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the acquisition, the insider owned 4,158,517 shares in the company, valued at $658,376,411.44. This trade represents a 61.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter C. B. Bynoe acquired 980 shares of TKO Group stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average cost of $169.59 per share, with a total value of $166,198.20. Following the completion of the acquisition, the director owned 2,747 shares of the company’s stock, valued at $465,863.73. The trade was a 55.46% increase in their position. The disclosure for this purchase can be found here. Insiders sold 73,725 shares of company stock valued at $12,501,561 in the last three months. 61.30% of the stock is currently owned by company insiders.

TKO Group Stock Down 0.3%

TKO opened at $189.54 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. The business has a 50 day simple moving average of $175.52 and a 200-day simple moving average of $163.41. The stock has a market capitalization of $37.59 billion, a P/E ratio of 78.32 and a beta of 0.72. TKO Group Holdings, Inc. has a 12 month low of $113.16 and a 12 month high of $194.76.

TKO Group (NYSE:TKO) 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). The business had revenue of $1.31 billion during 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 firm’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. On average, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

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.