Venturi Wealth Management LLC Acquires Shares of 2,704 TKO Group Holdings, Inc. (NYSE:TKO)

Venturi Wealth Management LLC bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, HoldingsChannel reports. The firm bought 2,704 shares of the company’s stock, valued at approximately $384,000.

Several other hedge funds have also modified their holdings of TKO. Blue Trust Inc. grew its holdings in TKO Group by 52.4% during the third 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. Geneos Wealth Management Inc. purchased a new stake in shares of TKO Group during the 4th quarter worth $32,000. First Horizon Advisors Inc. grew its stake in shares of TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares during the period. Game Plan Financial Advisors LLC grew its stake in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after purchasing an additional 155 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after purchasing an additional 115 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the transaction, the chief financial officer now owns 6,995 shares of the company’s stock, valued at $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the sale, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at $315,816.50. This represents a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by company insiders.

Analyst Ratings Changes

TKO has been the topic of several recent analyst reports. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Pivotal Research upped their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Citigroup raised their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Seaport Res Ptn lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.08.

TKO Group Stock Performance

TKO Group stock opened at $163.58 on Friday. The stock has a fifty day moving average price of $151.86 and a 200 day moving average price of $133.32. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $179.09. The firm has a market capitalization of $27.93 billion, a P/E ratio of -389.46 and a beta of 1.06. 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 Company 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.