TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,083 shares of the company’s stock after selling 275 shares during the quarter. Federated Hermes Inc.’s holdings in TKO Group were worth $415,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TKO. Strengthening Families & Communities LLC acquired a new position in TKO Group during the 3rd quarter worth approximately $26,000. Fifth Third Bancorp purchased a new position in TKO Group in the third quarter worth $27,000. Covestor Ltd acquired a new stake in TKO Group in the third quarter valued at $27,000. International Assets Investment Management LLC purchased a new stake in shares of TKO Group during the 4th quarter worth $27,000. Finally, Baker Avenue Asset Management LP acquired a new position in shares of TKO Group during the 3rd quarter worth $36,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Trading Up 3.1 %

Shares of TKO stock opened at $98.32 on Friday. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of 144.54 and a beta of 1.03. 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 firm has a 50-day moving average price of $89.26 and a 200 day moving average price of $83.69. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $106.16.

TKO Group (NYSE:TKO) last posted 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). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The firm had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. Research analysts forecast that TKO Group Holdings, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling at TKO Group

In other TKO Group 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 shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the transaction, the insider now directly owns 9,875,129 shares of the company’s stock, valued at $878,985,232.29. The sale was disclosed in a filing with the SEC, which is available at this link. 38.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TKO. Bank of America initiated coverage on shares of TKO Group in a report on Friday, March 15th. They set a “buy” rating and a $100.00 price objective on the stock. Jefferies Financial Group upped their price target on TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, April 12th. TD Cowen initiated coverage on TKO Group in a report on Friday, January 12th. They set a “market perform” rating and a $92.00 price objective for the company. Northcoast Research assumed coverage on TKO Group in a report on Tuesday, February 6th. They issued a “buy” rating and a $105.00 target price on the stock. Finally, Citigroup lifted their price target on TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.