BigSur Wealth Management LLC Takes $320,000 Position in TKO Group Holdings, Inc. (NYSE:TKO)

BigSur Wealth Management LLC bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,250 shares of the company’s stock, valued at approximately $320,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Systems of Alabama boosted its holdings in shares of TKO Group by 11.0% during the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock worth $9,984,000 after purchasing an additional 8,006 shares during the last quarter. HighTower Advisors LLC increased its stake in TKO Group by 177.2% in the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock valued at $3,225,000 after purchasing an additional 16,746 shares during the last quarter. Petrus Trust Company LTA purchased a new position in TKO Group during the third quarter worth about $597,000. Principal Financial Group Inc. boosted its stake in TKO Group by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock worth $154,185,000 after buying an additional 13,148 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after buying an additional 383,869 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Performance

TKO opened at $142.06 on Monday. The firm’s 50 day moving average is $138.47 and its 200-day moving average is $124.70. 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 52-week low of $75.35 and a 52-week high of $149.40.

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

Analyst Ratings Changes

TKO has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. UBS Group lifted their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. TD Cowen boosted their price objective on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group increased their target price on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Citigroup boosted 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. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $139.29.

Insider Buying and Selling

In related news, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares in the company, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Patrick Whitesell acquired 31,352 shares of TKO Group stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the completion of the purchase, the insider now directly owns 1,674,322 shares in the company, valued at $237,803,953.66. The trade was a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 600,647 shares of company stock worth $86,815,728 and have sold 65,624 shares worth $9,314,671. Insiders own 53.80% of the company’s stock.

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.