TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 562,228 shares of the company's stock after selling 16,730 shares during the quarter. Victory Capital Management Inc. owned approximately 0.33% of TKO Group worth $69,553,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. raised its holdings 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 acquiring an additional 89 shares in the last quarter. MFA Wealth Advisors LLC bought a new stake in TKO Group during the second quarter worth about $36,000. Signaturefd LLC raised its holdings in TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company's stock worth $48,000 after acquiring an additional 109 shares in the last quarter. Quarry LP bought a new stake in TKO Group in the second quarter valued at approximately $51,000. Finally, GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 408 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Up 1.0 %

NYSE:TKO traded up $1.13 during mid-day trading on Friday, hitting $118.90. 268,319 shares of the stock traded hands, compared to its average volume of 1,044,698. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $130.95. The firm's 50 day moving average is $121.39 and its two-hundred day moving average is $113.13. 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 issued its 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). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. TKO Group's revenue was up 51.7% on a year-over-year basis. As a group, equities research analysts predict that TKO Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TKO shares. Bank of America started coverage on TKO Group in a research report on Tuesday, August 20th. They set a "buy" rating and a $140.00 price target on the stock. Morgan Stanley raised their target price on TKO Group from $115.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. Pivotal Research raised their target price on TKO Group from $140.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, November 7th. UBS Group raised 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. Finally, Guggenheim raised their target price on TKO Group from $135.00 to $140.00 and gave the company a "buy" rating in a report on Monday, September 30th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $131.00.

Insider Transactions at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. This trade represents a 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 53.80% of the company's stock.

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.