Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 39.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,471 shares of the company’s stock after buying an additional 4,102 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TKO Group were worth $1,181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Strengthening Families & Communities LLC purchased a new position in shares of TKO Group in the 3rd quarter worth $26,000. Covestor Ltd purchased a new position in shares of TKO Group in the 3rd quarter worth $27,000. Fifth Third Bancorp bought a new stake in shares of TKO Group in the 3rd quarter worth about $27,000. International Assets Investment Management LLC bought a new stake in shares of TKO Group in the 4th quarter worth about $27,000. Finally, Quent Capital LLC lifted its holdings in shares of TKO Group by 113.7% in the 4th quarter. Quent Capital LLC now owns 673 shares of the company’s stock worth $55,000 after acquiring an additional 358 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Up 0.6 %

TKO stock opened at $96.77 on Friday. The firm’s fifty day simple moving average is $88.23 and its 200-day simple moving average is $83.13. The company has a market capitalization of $16.64 billion, a P/E ratio of 142.31 and a beta of 1.06. 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 12 month low of $72.33 and a 12 month high of $106.16.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.59). The business had revenue of $614.00 million during the quarter, compared to analysts’ expectations of $619.48 million. TKO Group had a net margin of 3.02% and a return on equity of 3.11%. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 2.38 earnings per share for the current year.

Insider Activity

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total value of $146,240,759.70. Following the sale, the insider now directly owns 9,875,129 shares of the company’s stock, valued at approximately $878,985,232.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 38.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TKO. Northcoast Research began coverage on shares of TKO Group in a report on Tuesday, February 6th. They issued a “buy” rating and a $105.00 price target for the company. Citigroup lifted their price objective on shares of TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group began coverage on shares of TKO Group in a research report on Thursday, March 7th. They issued a “buy” rating and a $102.00 price objective on the stock. TD Cowen began coverage on shares of TKO Group in a research report on Friday, January 12th. They issued a “market perform” rating and a $92.00 price objective on the stock. Finally, Bank of America began coverage on shares of TKO Group in a research report on Friday, March 15th. They issued a “buy” rating and a $100.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus target price of $108.31.

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.