TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System grew its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 48.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,353 shares of the company’s stock after purchasing an additional 5,995 shares during the period. Arizona State Retirement System’s holdings in TKO Group were worth $1,497,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Strengthening Families & Communities LLC purchased a new stake in shares of TKO Group in the third quarter valued at approximately $26,000. Quent Capital LLC purchased a new stake in shares of TKO Group in the third quarter valued at approximately $27,000. Covestor Ltd purchased a new stake in shares of TKO Group in the third quarter valued at approximately $27,000. Fifth Third Bancorp purchased a new stake in shares of TKO Group in the third quarter valued at approximately $27,000. Finally, Baker Avenue Asset Management LP purchased a new stake in shares of TKO Group in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insiders Place Their Bets

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 9,875,129 shares in the company, valued at $878,985,232.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 38.90% of the stock is currently owned by insiders.

TKO Group Stock Performance

TKO Group stock opened at $98.00 on Friday. The firm has a market capitalization of $16.85 billion, a P/E ratio of 144.12 and a beta of 1.06. The stock has a fifty day moving average price of $86.32 and a 200 day moving average price of $82.20. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $106.16. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.59). The firm had revenue of $614.00 million for the quarter, compared to analyst estimates of $619.48 million. TKO Group had a return on equity of 3.11% and a net margin of 3.02%. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 2.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TKO. Roth Mkm restated a “buy” rating and issued a $112.00 price target on shares of TKO Group in a research note on Friday. 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 target on the stock. Jefferies Financial Group boosted their target price on TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday. The Goldman Sachs Group initiated coverage on TKO Group in a research report on Thursday, March 7th. They set a “buy” rating and a $102.00 target price on the stock. Finally, Citigroup upped their price objective on TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.