72,406 Shares in TKO Group Holdings, Inc. $TKO Acquired by CW Advisors LLC

CW Advisors LLC acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 72,406 shares of the company’s stock, valued at approximately $13,174,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in TKO Group by 19.4% in the 1st quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock valued at $1,218,951,000 after purchasing an additional 1,295,817 shares during the period. Invesco Ltd. boosted its holdings in TKO Group by 569.7% during the first quarter. Invesco Ltd. now owns 1,423,052 shares of the company’s stock worth $217,457,000 after purchasing an additional 1,210,563 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in TKO Group by 242.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company’s stock worth $228,675,000 after purchasing an additional 1,059,636 shares in the last quarter. Norges Bank purchased a new stake in TKO Group in the 2nd quarter valued at about $132,441,000. Finally, Ninety One UK Ltd increased its stake in TKO Group by 14.4% in the 2nd quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock valued at $882,459,000 after buying an additional 611,233 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TKO has been the subject of several recent analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $235.00 target price on shares of TKO Group in a report on Tuesday, November 18th. Arete Research upgraded TKO Group to a “hold” rating in a research note on Wednesday, October 15th. Guggenheim raised their target price on TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. UBS Group boosted their price target on shares of TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Finally, Bank of America raised their price objective on shares of TKO Group from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.85.

Insider Buying and Selling at TKO Group

In related news, Director Nick Khan sold 9,519 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $188.26, for a total transaction of $1,792,046.94. Following the completion of the transaction, the director owned 118,504 shares of the company’s stock, valued at approximately $22,309,563.04. The trade was a 7.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter C. B. Bynoe bought 740 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were purchased at an average cost of $203.00 per share, for a total transaction of $150,220.00. Following the acquisition, the director directly owned 5,187 shares in the company, valued at $1,052,961. This trade represents a 16.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 19,800 shares of company stock valued at $3,815,989 in the last quarter. 53.80% of the stock is currently owned by corporate insiders.

TKO Group Trading Up 0.2%

Shares of TKO stock opened at $195.02 on Thursday. The company’s fifty day simple moving average is $189.19 and its two-hundred day simple moving average is $181.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $212.49. The stock has a market capitalization of $38.05 billion, a price-to-earnings ratio of 74.72 and a beta of 0.65.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the business earned $0.28 earnings per share. TKO Group’s revenue was down 27.3% on a year-over-year basis. As a group, analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group declared that its board has authorized a stock repurchase program on Monday, September 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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.