Principal Financial Group Inc. grew its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,246,338 shares of the company's stock after acquiring an additional 13,148 shares during the quarter. Principal Financial Group Inc. owned about 0.73% of TKO Group worth $154,185,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in 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 buying an additional 89 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in TKO Group in the second quarter worth approximately $36,000. Signaturefd LLC lifted its stake 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 last quarter. Quarry LP purchased a new position in shares of TKO Group during the 2nd quarter worth $51,000. Finally, GAMMA Investing LLC lifted its position in TKO Group by 388.6% in 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. Institutional investors and hedge funds own 89.79% of the company's stock.
TKO Group Price Performance
Shares of TKO Group stock traded up $1.32 during trading on Friday, reaching $119.20. The company's stock had a trading volume of 367,894 shares, compared to its average volume of 1,055,936. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $130.95. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $121.34 and a 200-day moving average price of $112.36. The company has a market capitalization of $20.34 billion, a P/E ratio of -284.45 and a beta of 1.06.
TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $851.20 million for the quarter, compared to analysts' expectations of $771.54 million. During the same period in the prior year, the firm posted $0.91 EPS. The firm's quarterly revenue was up 178.9% on a year-over-year basis. As a group, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 4.07 EPS for the current year.
Analysts Set New Price Targets
TKO has been the subject of several research reports. Roth Mkm lifted their target price on shares of TKO Group from $146.00 to $148.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Bank of America started coverage on shares of TKO Group in a research note on Tuesday, August 20th. They issued a "buy" rating and a $140.00 price target for the company. Pivotal Research boosted their price target on shares of TKO Group from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday. Morgan Stanley raised their price objective on shares of TKO Group from $115.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. Finally, UBS Group increased 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. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, TKO Group has an average rating of "Moderate Buy" and an average price target of $131.00.
Read Our Latest Stock Report on TKO
Insiders Place Their Bets
In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the company's stock in a transaction dated 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 sale, the insider now owns 42,156 shares of the company's stock, valued at $4,837,822.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 53.80% of the stock is owned by company insiders.
About TKO Group
(
Free Report)
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.
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