Handelsbanken Fonder AB Increases Position in TKO Group Holdings, Inc. (NYSE:TKO)

Handelsbanken Fonder AB increased its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,037 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in TKO Group were worth $737,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Lindsell Train Ltd bought a new position in TKO Group in the third quarter worth about $495,949,000. Vanguard Group Inc. bought a new position in shares of TKO Group during the 3rd quarter worth approximately $419,731,000. Ninety One UK Ltd lifted its position in TKO Group by 12.7% during the fourth quarter. Ninety One UK Ltd now owns 4,303,375 shares of the company’s stock valued at $351,069,000 after acquiring an additional 485,105 shares during the last quarter. FMR LLC acquired a new stake in TKO Group in the third quarter valued at approximately $136,131,000. Finally, Clearbridge Investments LLC acquired a new position in shares of TKO Group during the third quarter worth $118,378,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO stock opened at $96.49 on Tuesday. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $106.16. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.33. The stock has a market cap of $16.59 billion, a PE ratio of 141.90 and a beta of 1.06. The business has a 50-day simple moving average of $88.45 and a 200-day simple moving average of $83.27.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). The company had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. TKO Group had a net margin of 3.02% and a return on equity of 3.11%. On average, equities analysts expect that TKO Group Holdings, Inc. will post 2.38 EPS for the current year.

Insider Buying and Selling

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of TKO Group 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 completion of the transaction, the insider now 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 Securities & Exchange Commission, which can be accessed through this link. 38.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

TKO has been the subject of a number of recent analyst reports. Roth Mkm reissued a “buy” rating and issued a $112.00 price objective on shares of TKO Group in a research report on Friday, April 12th. Citigroup upped 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. Northcoast Research began coverage on shares of TKO Group in a research note on Tuesday, February 6th. They issued a “buy” rating and a $105.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of TKO Group in a research note on Thursday, March 7th. They set a “buy” rating and a $102.00 price target on the stock. Finally, Jefferies Financial Group lifted their price objective on shares of TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average target price 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.