HighVista Strategies LLC Purchases Shares of 11,700 TKO Group Holdings, Inc. (NYSE:TKO)

HighVista Strategies LLC bought a new position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 11,700 shares of the company's stock, valued at approximately $1,447,000.

Several other hedge funds have also bought and sold shares of TKO. Comerica Bank lifted its holdings in shares of TKO Group by 5.5% in the first quarter. Comerica Bank now owns 28,979 shares of the company's stock worth $2,504,000 after buying an additional 1,503 shares in the last quarter. GAMMA Investing LLC boosted its stake in TKO Group by 388.6% during the second quarter. GAMMA Investing LLC now owns 513 shares of the company's stock valued at $55,000 after buying an additional 408 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of TKO Group by 5.8% during the 2nd quarter. Park Avenue Securities LLC now owns 8,108 shares of the company's stock worth $876,000 after acquiring an additional 448 shares in the last quarter. Annex Advisory Services LLC boosted its position in shares of TKO Group by 23.8% during the 2nd quarter. Annex Advisory Services LLC now owns 205,469 shares of the company's stock valued at $22,189,000 after acquiring an additional 39,559 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of TKO Group by 109.8% in the second quarter. SG Americas Securities LLC now owns 3,323 shares of the company's stock valued at $359,000 after purchasing an additional 1,739 shares in the last quarter. Institutional investors own 89.79% of the company's stock.

TKO Group Stock Up 1.5 %

Shares of NYSE TKO traded up $2.09 during midday trading on Tuesday, reaching $137.04. 732,152 shares of the company's stock traded hands, compared to its average volume of 1,045,397. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $139.45. The stock's 50 day simple moving average is $125.12 and its 200-day simple moving average is $116.27. The company has a market cap of $23.40 billion, a price-to-earnings ratio of -326.29 and a beta of 1.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

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

Wall Street Analyst Weigh In

Several research firms have commented on TKO. Pivotal Research increased their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Bank of America assumed coverage on TKO Group in a report on Tuesday, August 20th. They issued a "buy" rating and a $140.00 target price for the company. Roth Mkm increased their price target on TKO Group from $146.00 to $148.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Guggenheim lifted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of TKO Group from $132.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, TKO Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.43.

Insider Buying and Selling

In related news, insider Mark S. Shapiro sold 31,026 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the transaction, the insider now directly owns 42,156 shares in the company, valued at $4,837,822.56. The trade was a 42.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 53.80% of the stock is currently owned by company insiders.

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.