Chesapeake Capital Corp IL Buys New Shares in TKO Group Holdings, Inc. (NYSE:TKO)

Chesapeake Capital Corp IL purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,132 shares of the company's stock, valued at approximately $1,016,000. TKO Group comprises approximately 0.9% of Chesapeake Capital Corp IL's portfolio, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of TKO. XN LP lifted its holdings in shares of TKO Group by 100.9% in the 1st quarter. XN LP now owns 1,983,346 shares of the company's stock worth $171,381,000 after acquiring an additional 996,161 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group by 267.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company's stock worth $142,640,000 after acquiring an additional 961,880 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 15.9% in the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company's stock worth $439,004,000 after acquiring an additional 557,444 shares during the last quarter. Fairview Capital Investment Management LLC acquired a new position in shares of TKO Group in the 1st quarter worth approximately $43,999,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in TKO Group by 59.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company's stock worth $119,940,000 after buying an additional 362,460 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Transactions at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. The trade was a 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 53.80% of the company's stock.

Analysts Set New Price Targets

TKO has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on shares of TKO Group from $132.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Morgan Stanley raised their price objective on shares of TKO Group from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised their target price on shares of TKO Group from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Bank of America assumed coverage on shares of TKO Group in a research note on Tuesday, August 20th. They issued a "buy" rating and a $140.00 target price for the company. Finally, UBS Group raised their price objective on shares of TKO Group from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, TKO Group currently has an average rating of "Moderate Buy" and an average target price of $131.00.

TKO Group Price Performance

TKO traded up $1.47 during midday trading on Friday, reaching $119.24. 706,127 shares of the company's stock were exchanged, compared to its average volume of 1,061,527. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $20.35 billion, a PE ratio of -283.90 and a beta of 1.06. The business's 50-day moving average price is $121.47 and its 200 day moving average price is $113.55. TKO Group Holdings, Inc. has a 1-year low of $72.33 and a 1-year high of $130.95.

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

TKO Group 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.