Xponance Inc. Increases Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Xponance Inc. raised its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 27.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,488 shares of the company’s stock after buying an additional 2,909 shares during the period. Xponance Inc.’s holdings in TKO Group were worth $1,100,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in TKO Group during the 3rd quarter valued at $1,649,000. abrdn plc purchased a new stake in TKO Group during the 3rd quarter valued at $12,921,000. Victory Capital Management Inc. purchased a new stake in TKO Group during the 3rd quarter valued at $10,602,000. Clearbridge Investments LLC purchased a new stake in TKO Group during the 3rd quarter valued at $118,378,000. Finally, Rhumbline Advisers purchased a new stake in TKO Group during the 3rd quarter valued at $13,324,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Up 0.2 %

Shares of NYSE TKO opened at $95.88 on Thursday. The firm’s 50-day moving average price is $87.82 and its 200-day moving average price is $82.94. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 141.00 and a beta of 1.06. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $106.16.

TKO Group (NYSE:TKO) last announced its earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.59). The business 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 anticipate that TKO Group Holdings, Inc. will post 2.39 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the 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 sale, the insider now directly owns 9,875,129 shares of the company’s stock, valued at approximately $878,985,232.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 38.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TKO shares. Roth Mkm restated a “buy” rating and issued a $112.00 price objective on shares of TKO Group in a research note on Friday, April 12th. Northcoast Research started coverage on TKO Group in a research note on Tuesday, February 6th. They issued a “buy” rating and a $105.00 price objective for the company. Citigroup upped their price objective on TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. The Goldman Sachs Group started coverage on TKO Group in a research note on Thursday, March 7th. They issued a “buy” rating and a $102.00 price objective for the company. Finally, Moffett Nathanson started coverage on TKO Group in a research note on Monday, January 29th. They issued a “neutral” rating and a $95.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus target price of $108.31.

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.