Brookstone Capital Management Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

Brookstone Capital Management purchased a new stake 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. The firm purchased 2,551 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strengthening Families & Communities LLC bought a new position in TKO Group in the 3rd quarter worth $26,000. Quent Capital LLC acquired a new stake in shares of TKO Group during the 3rd quarter valued at about $27,000. Covestor Ltd acquired a new stake in shares of TKO Group during the 3rd quarter valued at about $27,000. Fifth Third Bancorp acquired a new position in TKO Group in the third quarter valued at about $27,000. Finally, Baker Avenue Asset Management LP acquired a new position in TKO Group in the third quarter valued at about $36,000. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TKO. Bank of America assumed coverage on shares of TKO Group in a research report on Friday, March 15th. They set a “buy” rating and a $100.00 target price on the stock. Northcoast Research started coverage on shares of TKO Group in a report on Tuesday, February 6th. They issued a “buy” rating and a $105.00 target price on the stock. Citigroup raised their price objective on shares of TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. TD Cowen began coverage on shares of TKO Group in a report on Friday, January 12th. They set a “market perform” rating and a $92.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on shares of TKO Group in a research report on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 target price for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.46.

TKO Group Stock Performance

Shares of TKO stock opened at $86.39 on Thursday. The company has a market cap of $14.85 billion, a P/E ratio of 127.04 and a beta of 1.06. The firm has a 50-day moving average of $84.14 and a 200-day moving average of $82.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.04. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $106.16.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.59). The company had revenue of $614.00 million for the quarter, compared to the consensus estimate of $619.48 million. TKO Group had a net margin of 3.02% and a return on equity of 3.11%. Equities research analysts forecast that TKO Group Holdings, Inc. will post 2.4 EPS 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.