Nisa Investment Advisors LLC Trims Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Nisa Investment Advisors LLC cut its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 77.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,715 shares of the company’s stock after selling 15,876 shares during the quarter. Nisa Investment Advisors LLC’s holdings in TKO Group were worth $385,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Lindsell Train Ltd purchased a new position in shares of TKO Group during the third quarter worth approximately $495,949,000. Vanguard Group Inc. purchased a new position in TKO Group during the third quarter valued at approximately $419,731,000. FMR LLC purchased a new position in TKO Group during the third quarter valued at approximately $136,131,000. Clearbridge Investments LLC purchased a new position in TKO Group during the third quarter valued at approximately $118,378,000. Finally, Principal Financial Group Inc. purchased a new position in TKO Group during the third quarter valued at approximately $89,333,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 9,875,129 shares of the company’s stock, valued at $878,985,232.29. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 38.90% of the stock is owned by corporate insiders.

TKO Group Price Performance

Shares of TKO opened at $95.77 on Friday. The firm has a market capitalization of $16.47 billion, a PE ratio of 140.84 and a beta of 1.06. 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 1-year low of $72.33 and a 1-year high of $106.16. The company’s fifty day moving average price is $87.14 and its 200-day moving average price is $82.60.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share 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 net margin of 3.02% and a return on equity of 3.11%. On average, equities research analysts predict that TKO Group Holdings, Inc. will post 2.39 EPS for the current year.

Analyst Ratings Changes

TKO has been the topic of several research reports. Citigroup lifted their price objective 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. Roth Mkm reissued a “buy” rating and set a $112.00 price objective on shares of TKO Group in a report on Friday, April 12th. Morgan Stanley started coverage on shares of TKO Group in a report on Wednesday, February 14th. They set an “equal weight” rating and a $95.00 price objective on the stock. Bank of America started coverage on shares of TKO Group in a research note on Friday, March 15th. They issued a “buy” rating and a $100.00 target price for the company. 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 target on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.31.

About TKO Group

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.