TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc increased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,529 shares of the company’s stock after purchasing an additional 136 shares during the quarter. CIBC Asset Management Inc’s holdings in TKO Group were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC grew its stake in shares of TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after acquiring an additional 4,836 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in TKO Group by 11.0% in the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after purchasing an additional 8,006 shares during the last quarter. HighTower Advisors LLC grew its stake in TKO Group by 177.2% during the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock valued at $3,225,000 after purchasing an additional 16,746 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in TKO Group during the 3rd quarter worth approximately $597,000. Finally, Principal Financial Group Inc. raised its position in shares of TKO Group by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after purchasing an additional 13,148 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Price Performance

Shares of TKO opened at $158.73 on Monday. TKO Group Holdings, Inc. has a 12 month low of $78.69 and a 12 month high of $179.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a fifty day moving average price of $152.20 and a 200 day moving average price of $134.02. The company has a market cap of $27.10 billion, a P/E ratio of -377.92 and a beta of 1.06.

Insider Activity

In other news, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell acquired 31,352 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the acquisition, the insider now directly owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. This represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of recent analyst reports. Pivotal Research raised their price target on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Citigroup boosted their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. TD Cowen increased their price target on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Seaport Res Ptn downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

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.