Andrew M. Schleimer Sells 5,419 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew M. Schleimer sold 5,419 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the transaction, the chief financial officer now owns 6,995 shares in the company, valued at $992,870.30. This represents a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TKO Group Price Performance

NYSE:TKO opened at $142.02 on Thursday. TKO Group Holdings, Inc. has a 52 week low of $75.35 and a 52 week high of $149.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50-day simple moving average is $135.19 and its 200 day simple moving average is $122.94. The firm has a market cap of $24.25 billion, a price-to-earnings ratio of -338.14 and a beta of 1.07.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on TKO shares. The Goldman Sachs Group upped their price target on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Pivotal Research upped their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Citigroup lifted their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. TD Cowen lifted their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Guggenheim increased their price objective on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $139.29.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after buying an additional 89 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares in the last quarter. Signaturefd LLC increased its stake in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares during the last quarter. Quarry LP acquired a new position in TKO Group during the second quarter valued at approximately $51,000. Finally, International Assets Investment Management LLC lifted its stake in TKO Group by 12,275.0% during the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after purchasing an additional 491 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Company 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.