IHT Wealth Management LLC Has $4.31 Million Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

IHT Wealth Management LLC raised its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 99.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,025 shares of the company's stock after purchasing an additional 17,432 shares during the quarter. IHT Wealth Management LLC's holdings in TKO Group were worth $4,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock valued at $32,000 after purchasing an additional 89 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock worth $34,000 after buying an additional 231 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of TKO Group in the second quarter worth about $36,000. Signaturefd LLC lifted its position in shares of TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company's stock worth $48,000 after buying an additional 109 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of TKO Group in the second quarter worth about $51,000. Hedge funds and other institutional investors own 89.79% of the company's stock.

Analyst Ratings Changes

TKO has been the subject of a number of analyst reports. TD Cowen boosted their price target on TKO Group from $140.00 to $143.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Morgan Stanley boosted their price target on TKO Group from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, August 9th. Guggenheim boosted their price objective on TKO Group from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Benchmark cut TKO Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, UBS Group boosted their price objective on TKO Group from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, TKO Group currently has an average rating of "Moderate Buy" and an average target price of $132.43.

Insiders Place Their Bets

In other news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the transaction, the insider now owns 42,156 shares of the company's stock, valued at $4,837,822.56. This represents a 42.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 53.80% of the company's stock.

TKO Group Price Performance

Shares of TKO stock traded up $0.81 during trading hours on Wednesday, hitting $137.85. The company had a trading volume of 716,802 shares, compared to its average volume of 1,043,816. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $139.45. The firm has a market capitalization of $23.54 billion, a price-to-earnings ratio of -330.69 and a beta of 1.09. The firm's fifty day moving average is $125.43 and its 200 day moving average is $116.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group (NYSE:TKO - Get Free Report) last released 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 business had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm's revenue was up 51.7% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. On average, sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS 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.