Oak Thistle LLC Acquires Shares of 9,839 TKO Group Holdings, Inc. (NYSE:TKO)

Oak Thistle LLC acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKOFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,839 shares of the company’s stock, valued at approximately $803,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TKO. Lindsell Train Ltd bought a new position in shares of TKO Group during the 3rd quarter valued at about $495,949,000. Vanguard Group Inc. bought a new position in shares of TKO Group in the 3rd quarter valued at about $419,731,000. Ninety One UK Ltd bought a new position in shares of TKO Group in the 3rd quarter valued at about $320,964,000. FMR LLC bought a new position in shares of TKO Group in the 3rd quarter valued at about $136,131,000. Finally, Clearbridge Investments LLC bought a new position in shares of TKO Group in the 3rd quarter valued at about $118,378,000. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

TKO has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of TKO Group in a report on Monday, February 12th. They issued a “buy” rating and a $120.00 price target for the company. Moffett Nathanson initiated coverage on shares of TKO Group in a report on Monday, January 29th. They issued a “neutral” rating and a $95.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of TKO Group in a report on Thursday, March 7th. They issued a “buy” rating and a $102.00 price target for the company. Bank of America initiated coverage on shares of TKO Group in a report on Friday, March 15th. They issued a “buy” rating and a $100.00 price target for the company. Finally, Citigroup increased their price target on shares of TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.46.

Check Out Our Latest Stock Report on TKO

TKO Group Stock Performance

Shares of NYSE:TKO opened at $90.68 on Wednesday. The firm has a market cap of $15.59 billion, a PE ratio of 133.35 and a beta of 1.06. The firm’s 50 day simple moving average is $84.73 and its 200-day simple moving average is $81.96. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $106.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04.

TKO Group (NYSE:TKOGet Free Report) last issued its earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). The company had revenue of $614.00 million for the quarter, compared to analysts’ expectations of $619.48 million. TKO Group had a return on equity of 3.11% and a net margin of 3.02%. As a group, equities analysts predict that TKO Group Holdings, Inc. will post 2.4 EPS for the current year.

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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Institutional Ownership by Quarter for TKO Group (NYSE:TKO)

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