Strs Ohio Raises Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Strs Ohio lifted its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 65.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,674 shares of the company’s stock after buying an additional 8,537 shares during the quarter. Strs Ohio’s holdings in TKO Group were worth $1,768,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Lindsell Train Ltd purchased a new stake in shares of TKO Group in the third quarter worth about $495,949,000. Vanguard Group Inc. purchased a new stake in shares of TKO Group in the third quarter worth about $419,731,000. FMR LLC purchased a new stake in shares of TKO Group in the third quarter worth about $136,131,000. Clearbridge Investments LLC purchased a new stake in shares of TKO Group in the third quarter worth about $118,378,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of TKO Group in the third quarter worth about $89,333,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of TKO Group stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the transaction, the insider now owns 9,875,129 shares in the company, valued at $878,985,232.29. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 38.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TKO has been the topic of a number of recent analyst reports. Citigroup increased their price target on TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Roth Mkm reiterated a “buy” rating and set a $112.00 price target on shares of TKO Group in a research report on Friday, April 12th. Moffett Nathanson initiated coverage on TKO Group in a research report on Monday, January 29th. They set a “neutral” rating and a $95.00 price target on the stock. Jefferies Financial Group increased their price target on TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Northcoast Research initiated coverage on TKO Group in a research report on Tuesday, February 6th. They set a “buy” rating and a $105.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $108.31.

TKO Group Price Performance

Shares of TKO Group stock opened at $95.52 on Friday. The business has a 50 day simple moving average of $87.33 and a two-hundred day simple moving average of $82.66. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $106.16. The stock has a market capitalization of $16.42 billion, a P/E ratio of 140.47 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 (NYSE:TKO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) 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 company had revenue of $614.00 million for the quarter, compared to analysts’ expectations of $619.48 million. As a group, analysts predict that TKO Group Holdings, Inc. will post 2.39 EPS for the current fiscal year.

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.