Bank of Nova Scotia Has $435,000 Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Bank of Nova Scotia reduced its position in TKO Group Holdings, Inc. (NYSE:TKOFree Report) by 60.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,329 shares of the company’s stock after selling 8,268 shares during the quarter. Bank of Nova Scotia’s holdings in TKO Group were worth $435,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TKO. Lindsell Train Ltd bought a new position in TKO Group in the third quarter valued at approximately $495,949,000. Vanguard Group Inc. bought a new position in shares of TKO Group in the 3rd quarter valued at $419,731,000. FMR LLC acquired a new position in shares of TKO Group during the 3rd quarter worth $136,131,000. Clearbridge Investments LLC bought a new stake in shares of TKO Group during the 3rd quarter worth $118,378,000. Finally, Invesco Ltd. acquired a new stake in TKO Group in the third quarter valued at about $80,249,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 53.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TKO. TD Cowen raised TKO Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $92.00 to $127.00 in a research note on Wednesday, May 15th. Jefferies Financial Group raised their target price on shares of TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Morgan Stanley assumed coverage on shares of TKO Group in a research note on Wednesday, February 14th. They set an “equal weight” rating and a $95.00 target price on the stock. Citigroup increased their price target on TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, The Goldman Sachs Group began coverage on TKO Group in a research report on Thursday, March 7th. They set a “buy” rating and a $102.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $113.46.

View Our Latest Stock Report on TKO

TKO Group Trading Down 0.5 %

NYSE TKO opened at $107.77 on Friday. The firm has a market capitalization of $18.35 billion, a PE ratio of -106.70 and a beta of 1.02. The business’s 50-day moving average price is $100.21 and its two-hundred day moving average price is $87.90. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $111.07.

TKO Group (NYSE:TKOGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $2.14 EPS for the quarter, beating the consensus estimate of $0.51 by $1.63. TKO Group had a positive return on equity of 4.15% and a negative net margin of 4.14%. The business had revenue of $629.70 million for the quarter, compared to analysts’ expectations of $609.28 million. On average, analysts expect that TKO Group Holdings, Inc. will post 4.19 EPS for the current year.

TKO Group Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for TKO Group (NYSE:TKO)

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