First Horizon Advisors Inc. Buys 231 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

First Horizon Advisors Inc. lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 491.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 278 shares of the company’s stock after acquiring an additional 231 shares during the quarter. First Horizon Advisors Inc.’s holdings in TKO Group were worth $34,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. raised its holdings in TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares during the period. MFA Wealth Advisors LLC acquired a new position in shares of TKO Group during the 2nd quarter worth about $36,000. Signaturefd LLC boosted its stake in TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares during the period. Quarry LP acquired a new stake in TKO Group in the 2nd quarter valued at approximately $51,000. Finally, GAMMA Investing LLC increased its position in TKO Group by 388.6% in the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after buying an additional 408 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Activity

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This represents a 42.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 53.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TKO shares. Guggenheim increased their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Morgan Stanley raised their price target on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Pivotal Research lifted their target price on TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

TKO Group Price Performance

Shares of TKO Group stock opened at $136.79 on Tuesday. The stock has a market capitalization of $23.36 billion, a price-to-earnings ratio of -325.69 and a beta of 1.06. The firm’s 50-day moving average price is $123.63 and its two-hundred day moving average price is $115.03. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 1-year low of $72.33 and a 1-year high of $139.09.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue was up 51.7% on a year-over-year basis. On average, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

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.