Russell Investments Group Ltd. Boosts Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Russell Investments Group Ltd. grew its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,746 shares of the company’s stock after acquiring an additional 10,495 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of TKO Group worth $7,158,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in TKO Group in the third quarter valued at approximately $1,649,000. abrdn plc purchased a new position in shares of TKO Group in the 3rd quarter valued at $12,921,000. Victory Capital Management Inc. acquired a new position in shares of TKO Group during the 3rd quarter valued at $10,602,000. Clearbridge Investments LLC purchased a new stake in TKO Group during the 3rd quarter worth $118,378,000. Finally, Rhumbline Advisers acquired a new stake in TKO Group in the 3rd quarter valued at $13,324,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TKO Group

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total value of $146,240,759.70. Following the sale, the insider now owns 9,875,129 shares of the company’s stock, valued at approximately $878,985,232.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 53.80% of the stock is currently owned by insiders.

TKO Group Stock Performance

Shares of TKO opened at $98.82 on Wednesday. The stock has a market capitalization of $16.99 billion, a PE ratio of 145.32 and a beta of 1.03. The business’s fifty day moving average price is $89.54 and its 200 day moving average price is $83.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.04. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $106.16.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). TKO Group had a return on equity of 3.11% and a net margin of 3.02%. The business had revenue of $614.00 million during the quarter, compared to the consensus estimate of $619.48 million. Equities research analysts forecast that TKO Group Holdings, Inc. will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of recent research reports. Moffett Nathanson started coverage on TKO Group in a research note on Monday, January 29th. They set a “neutral” rating and a $95.00 price objective on the stock. Bank of America initiated coverage on TKO Group in a report on Friday, March 15th. They issued a “buy” rating and a $100.00 price target for the company. Jefferies Financial Group lifted their price objective on shares of TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Citigroup upped their target price on shares of TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, The Goldman Sachs Group began coverage on shares of TKO Group in a research note on Thursday, March 7th. They set a “buy” rating and a $102.00 price target on the stock. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and an average price target of $108.31.

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.