Intech Investment Management LLC Sells 4,047 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Intech Investment Management LLC lowered its position in TKO Group Holdings, Inc. (NYSE:TKO) by 32.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,358 shares of the company’s stock after selling 4,047 shares during the quarter. Intech Investment Management LLC’s holdings in TKO Group were worth $1,034,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TKO. Blue Trust Inc. increased its stake in shares of TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares during the period. Quent Capital LLC grew its holdings in TKO Group by 17.4% during the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after acquiring an additional 101 shares in the last quarter. Signaturefd LLC increased its position 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 purchasing an additional 109 shares during the period. Moran Wealth Management LLC raised its holdings in shares of TKO Group by 0.7% in the 3rd quarter. Moran Wealth Management LLC now owns 19,112 shares of the company’s stock valued at $2,364,000 after purchasing an additional 135 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of TKO Group by 3.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,971 shares of the company’s stock worth $491,000 after purchasing an additional 139 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TKO. Pivotal Research boosted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group upped their price objective on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Roth Mkm lifted their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average target price of $132.43.

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This trade represents a 42.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 53.80% of the company’s stock.

TKO Group Trading Up 0.7 %

NYSE:TKO opened at $138.21 on Thursday. The company has a market capitalization of $23.60 billion, a P/E ratio of -328.29 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 Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $139.45. The firm has a fifty day simple moving average of $123.95 and a 200-day simple moving average of $115.29.

TKO Group (NYSE:TKO) last issued its 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 firm had revenue of $681.20 million during the quarter, compared to analysts’ expectations 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 revenue was up 51.7% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. On average, equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group 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.