AGF Management Ltd. Makes New Investment in TKO Group Holdings, Inc. (NYSE:TKO)

AGF Management Ltd. acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKOFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 35,418 shares of the company’s stock, valued at approximately $2,889,000.

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

TKO Group Stock Up 2.8 %

Shares of TKO opened at $102.14 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50 day moving average price is $91.53 and its 200-day moving average price is $84.75. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $106.16.

TKO Group (NYSE:TKOGet Free Report) last released its earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.59). TKO Group had a positive return on equity of 4.15% and a negative net margin of 4.14%. The company had revenue of $614.00 million during the quarter, compared to the consensus estimate of $619.48 million. On average, equities analysts predict that TKO Group Holdings, Inc. will post 4.51 earnings per share for the current year.

Insider Activity at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of TKO Group stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total value of $146,240,759.70. Following the completion of the transaction, the insider now directly owns 9,875,129 shares of the company’s stock, valued at $878,985,232.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 53.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley initiated coverage on TKO Group in a research note on Wednesday, February 14th. They set an “equal weight” rating and a $95.00 target price on the stock. Roth Mkm upped their price objective on shares of TKO Group from $112.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Moffett Nathanson started coverage on shares of TKO Group in a research note on Monday, January 29th. They set a “neutral” rating and a $95.00 target price on the stock. Bank of America began coverage on shares of TKO Group in a research report on Friday, March 15th. They set a “buy” rating and a $100.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of TKO Group in a report on Thursday, March 7th. They issued a “buy” rating and a $102.00 price objective for the company. 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 stock has an average rating of “Moderate Buy” and a consensus price target of $109.00.

Read Our Latest Stock Analysis on TKO

TKO Group Profile

(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.

Further Reading

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

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