Intech Investment Management LLC Sells 4,047 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Intech Investment Management LLC cut its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 32.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,358 shares of the company's stock after selling 4,047 shares during the quarter. Intech Investment Management LLC's holdings in TKO Group were worth $1,034,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock valued at $32,000 after buying an additional 89 shares in the last quarter. Quent Capital LLC increased its holdings in shares of TKO Group by 17.4% in the 3rd quarter. Quent Capital LLC now owns 680 shares of the company's stock valued at $84,000 after purchasing an additional 101 shares during the period. Signaturefd LLC increased its holdings in shares of TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company's stock valued at $48,000 after purchasing an additional 109 shares during the period. Moran Wealth Management LLC increased its holdings in shares of TKO Group by 0.7% in the 3rd quarter. Moran Wealth Management LLC now owns 19,112 shares of the company's stock valued at $2,364,000 after purchasing an additional 135 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of TKO Group by 3.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,971 shares of the company's stock valued at $491,000 after purchasing an additional 139 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TKO shares. TD Cowen upped their target price on TKO Group from $140.00 to $143.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Pivotal Research upped their target price on TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday. UBS Group upped their target price on TKO Group from $115.00 to $135.00 and gave the company a "buy" rating in a report on Friday, August 9th. Morgan Stanley increased their price objective on TKO Group from $115.00 to $118.00 and gave the stock an "equal weight" rating in a report on Friday, August 9th. Finally, Roth Mkm increased their price objective on TKO Group from $146.00 to $148.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, TKO Group presently has an average rating of "Moderate Buy" and a consensus price target of $132.43.

Insider Activity

In other news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 42,156 shares of the company's stock, valued at approximately $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 53.80% of the stock is owned by company insiders.

TKO Group Stock Performance

TKO stock traded up $0.93 during midday trading on Thursday, hitting $138.21. 828,529 shares of the company traded hands, compared to its average volume of 1,038,473. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $139.45. 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 business has a 50 day simple moving average of $124.27 and a 200-day simple moving average of $115.45. The stock has a market capitalization of $23.60 billion, a price-to-earnings ratio of -329.07 and a beta of 1.06.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same period in the prior year, the company posted $0.52 earnings per share. The firm's revenue was up 51.7% compared to the same quarter last year. As a group, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current 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.