TKO Group (NYSE:TKO) Cut to Hold at Benchmark

TKO Group (NYSE:TKO - Get Free Report) was downgraded by investment analysts at Benchmark from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday, Marketbeat reports.

Several other brokerages have also issued reports on TKO. TD Cowen raised their target price on TKO Group from $127.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, August 12th. JPMorgan Chase & Co. lifted their price objective on shares of TKO Group from $126.00 to $132.00 and gave the stock an "overweight" rating in a research report on Friday, August 9th. The Goldman Sachs Group increased their target price 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 upped their price objective on TKO Group from $115.00 to $118.00 and gave the company an "equal weight" rating in a research note on Friday, August 9th. Finally, Bank of America initiated coverage on TKO Group in a research report on Tuesday, August 20th. They issued a "buy" rating and a $140.00 target price for the company. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $132.21.

TKO Group Stock Down 8.7 %

TKO traded down $11.00 during mid-day trading on Thursday, reaching $115.00. 3,969,314 shares of the stock were exchanged, compared to its average volume of 1,052,148. TKO Group has a 1 year low of $72.33 and a 1 year high of $130.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $19.62 billion, a PE ratio of -122.14 and a beta of 1.04. The company has a 50 day moving average price of $121.45 and a two-hundred day moving average price of $110.91.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The firm had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. During the same period in the previous year, the company posted $0.91 earnings per share. The company's revenue for the quarter was up 178.9% on a year-over-year basis. As a group, research analysts anticipate that TKO Group will post 4.17 EPS for the current year.

Insider Buying and Selling

In other TKO Group 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 transaction, the insider now owns 42,156 shares of the company's stock, valued at $4,837,822.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 53.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On TKO Group

Large investors have recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of 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 acquiring an additional 89 shares in the last quarter. MFA Wealth Advisors LLC bought a new stake in TKO Group in the second quarter valued at $36,000. Signaturefd LLC increased its position in TKO Group by 39.4% during 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. Quarry LP bought a new position in TKO Group in the 2nd quarter worth $51,000. Finally, GAMMA Investing LLC lifted its position in shares of TKO Group by 388.6% in the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company's stock worth $55,000 after purchasing an additional 408 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.