Thrivent Financial for Lutherans Acquires 1,376 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Thrivent Financial for Lutherans increased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 9.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 15,608 shares of the company’s stock after buying an additional 1,376 shares during the quarter. Thrivent Financial for Lutherans’ holdings in TKO Group were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TKO. Blue Trust Inc. increased 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 in the last quarter. MFA Wealth Advisors LLC purchased a new stake in TKO Group during the 2nd quarter valued at approximately $36,000. Signaturefd LLC grew its holdings 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 buying an additional 109 shares in the last quarter. Quarry LP purchased a new stake in TKO Group during the 2nd quarter valued at approximately $51,000. Finally, GAMMA Investing LLC grew its holdings in TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after buying an additional 408 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Up 0.7 %

Shares of TKO opened at $138.21 on Friday. The company has a market cap of $23.60 billion, a PE ratio of -329.07 and a beta of 1.06. The business has a fifty day moving average of $124.27 and a 200 day moving average of $115.45. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $139.45. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

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

Insider Activity

In other news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at approximately $4,837,822.56. The trade was a 42.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 53.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group increased their price objective on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 9th. Pivotal Research increased their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday. Guggenheim increased their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. TD Cowen increased their price objective on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus target price of $132.43.

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.