Pacer Advisors Inc. Has $7.86 Million Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Pacer Advisors Inc. raised its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,318 shares of the company's stock after buying an additional 5,094 shares during the quarter. Pacer Advisors Inc.'s holdings in TKO Group were worth $7,861,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of TKO Group by 28.2% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $47,000 after purchasing an additional 73 shares during the period. Coldstream Capital Management Inc. raised its holdings in TKO Group by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company's stock worth $379,000 after purchasing an additional 97 shares during the period. Quent Capital LLC grew its stake in 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 acquiring an additional 101 shares during the period. Signaturefd LLC increased its stake in TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company's stock worth $48,000 after buying an additional 109 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after purchasing an additional 115 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TKO. TD Cowen lifted their price target on TKO Group from $140.00 to $143.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Pivotal Research upped their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. The Goldman Sachs Group increased their price objective on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, UBS Group lifted their target price on TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and twelve have issued 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 $144.77.

Insider Activity at TKO Group

In other TKO Group news, CEO Ariel Emanuel purchased 105,038 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average cost of $153.04 per share, for a total transaction of $16,075,015.52. Following the transaction, the chief executive officer now directly owns 1,257,800 shares in the company, valued at approximately $192,493,712. The trade was a 9.11 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the transaction, the chief accounting officer now owns 2,225 shares of the company's stock, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 1,265,894 shares of company stock worth $185,095,692 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by corporate insiders.

TKO Group Stock Performance

TKO traded up $0.52 on Thursday, hitting $157.44. The company had a trading volume of 501,330 shares, compared to its average volume of 822,277. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $159.72. 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 company's fifty day moving average price is $142.95 and its 200 day moving average price is $126.81. The stock has a market cap of $26.89 billion, a price-to-earnings ratio of -374.85 and a beta of 1.07.

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 (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). The firm 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%. TKO Group's quarterly revenue was up 51.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. Equities analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share 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.