Blue Trust Inc. Raises Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Blue Trust Inc. grew its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 28.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 332 shares of the company’s stock after acquiring an additional 73 shares during the period. Blue Trust Inc.’s holdings in TKO Group were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TKO. Geneos Wealth Management Inc. purchased a new position in TKO Group in the 4th quarter worth approximately $32,000. First Horizon Advisors Inc. raised its position in shares of TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after buying an additional 115 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after buying an additional 109 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of TKO Group by 213.0% during the fourth quarter. Brooklyn Investment Group now owns 360 shares of the company’s stock worth $51,000 after acquiring an additional 245 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Up 2.5 %

Shares of TKO opened at $159.97 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 52-week low of $78.69 and a 52-week high of $179.09. The company has a market cap of $27.32 billion, a PE ratio of -380.88 and a beta of 1.06. The business has a fifty day moving average of $153.00 and a 200 day moving average of $134.78.

Insider Buying and Selling

In other TKO Group news, CEO Ariel Emanuel acquired 117,769 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average cost of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the purchase, the chief executive officer now owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. This trade represents a 4.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Patrick Whitesell bought 156,446 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was bought at an average price of $175.60 per share, with a total value of $27,471,917.60. Following the completion of the purchase, the insider now directly owns 2,461,668 shares in the company, valued at $432,268,900.80. This represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TKO has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday. Citigroup lifted their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. increased their price target on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Pivotal Research raised their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, UBS Group upped their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.58.

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.