BigSur Wealth Management LLC Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

BigSur Wealth Management LLC purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,250 shares of the company's stock, valued at approximately $320,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock worth $32,000 after purchasing an additional 89 shares during the period. Coldstream Capital Management Inc. increased its holdings in shares of TKO Group by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company's stock worth $379,000 after buying an additional 97 shares during the last quarter. Quent Capital LLC raised its position in shares of TKO Group by 17.4% during the 3rd quarter. Quent Capital LLC now owns 680 shares of the company's stock valued at $84,000 after buying an additional 101 shares during the period. Signaturefd LLC lifted its holdings in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company's stock valued at $48,000 after acquiring an additional 109 shares during the last quarter. Finally, UMB Bank n.a. grew its position in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Stock Up 0.2 %

NYSE TKO traded up $0.26 during trading hours on Monday, hitting $142.06. 803,286 shares of the company were exchanged, compared to its average volume of 704,412. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market cap of $24.26 billion, a price-to-earnings ratio of -338.23 and a beta of 1.07. The company has a 50 day moving average of $138.47 and a two-hundred day moving average of $124.70. TKO Group Holdings, Inc. has a 52-week low of $75.35 and a 52-week high of $149.40.

TKO Group (NYSE:TKO - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. During the same period last year, the business earned $0.52 EPS. The firm's revenue was up 51.7% compared to the same quarter last year. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Benchmark lowered TKO Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Guggenheim upped their target price on shares of TKO Group from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, September 30th. UBS Group lifted their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Finally, Pivotal Research increased their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $139.29.

Insider Transactions at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell bought 263,200 shares of the business's stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the transaction, the insider now owns 418,587 shares of the company's stock, valued at approximately $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares of the company's stock, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders bought 600,647 shares of company stock valued at $86,815,728 and sold 65,624 shares valued at $9,314,671. Corporate insiders own 53.80% of the company's stock.

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.